Frequently Asked Questions on Bankruptcy

Here at Vansaghi & Associates, LLC we strive to give every client personal service to leave you satisfied. If you need legal assistance with bankruptcy, contact us at (770) 629-8065‚Äč today to speak with our McDonough bankruptcy lawyers.

What are Your Attorneys' Qualifications?

Alex M. Vansaghi received a B.A. degree from Saint Louis University and a J.D. degree from Southern Illinois University-School of Law, and he is well-versed in all bankruptcy laws. S.M. Khouri has a B.A. degree from The University of the South-Sewanee and a J.D. degree from the University of Arkansas-Little Rock, making her highly qualified to take on your case.

Why Should We Choose Your Firm?

We are a boutique firm in McDonough, Georgia who truly cares for our clients. We take a personal interest in all of our clients. We have helped countless clients through their financial hardships and we are very accommodating to your schedule when it comes to appointments. Our attorneys would be honored to take the time to help you reorganize your debt and get a fresh start.

What's the Difference Between Ch. 7 & Ch. 13 Bankruptcy?

Chapter 13 bankruptcy can help you reorganize your debt and pay off all remaining debts through a structured plan. This option is best for those with a regular income who can afford to go on a repayment plan. Chapter 7 bankruptcy is designed to help those with a very low income who cannot afford a repayment plan, and liquidates nonexempt property to settle debts. A means test that measures your income among other things must be passed to qualify for Chapter 7 bankruptcy.

Is There Any Way to Stop Foreclosure on My Home?

There are a few ways to avoid foreclosure on a home. You can file a lawsuit against the lender, apply for a loan modification, or file for bankruptcy. Filing for either Chapter 7 or Chapter 13 bankruptcy will put something called an "automatic stay" into effect. This will likely stop the lender from foreclosing your home or trying to collect any debt for a certain amount of time.

I'm Getting Pestered by Debt Collectors. Will Filing Bankruptcy Make Them Stop?

Yes, filing for bankruptcy can make the debt collectors stop calling and bothering you. When you file for bankruptcy, this puts an "automatic stay" on your debts, which means creditors are restricted from trying to collect any of these debts. This will continue until the bankruptcy process is over, unless the creditor gets approval from the court. This is another reason why filing for the right type of bankruptcy is very important: doing it properly can free you from being pestered even after the process is over.

Will Bankruptcy Ruin My Credit?

No! Bankruptcy may even significantly improve your credit over time, as it aims to remove debts and give you a clean slate from bad credit. Filing for bankruptcy can give you a fresh start, essentially aiming to return your credit to its original starting point. Remember that your credit is simply a representation of how much money you can borrow, so having your debts settled can only help. You will need to be proactive about rebuilding your credit, but also understand that your situation could significantly improve.

What Makes Your Firm Different?

Many bankruptcy law firms treat clients as just another "number" and often use the same cookie-cutter approach to every case. Here at Vansaghi & Associates, LLC, every case is unique. Our lawyers spend the extra time necessary to tailor a specific plan of action for each client to achieve a positive outcome. They also make it a priority to know and understand recent bankruptcy law changes as well as changes in Georgia law.

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