Personal financial crisis can strike anyone—illness, job loss, divorce, or simply accumulated debt can create overwhelming financial obligations. If you're struggling with medical bills, credit card debt, loan obligations, or other burdensome debts, bankruptcy can provide a fresh start and genuine financial relief.

At Rountree Leitman Klein & Geer, LLC, we represent individuals throughout Atlanta and Georgia who are ready to take control of their financial futures. We understand the stress that debt creates and work compassionately and strategically to help you understand your options and achieve a sustainable financial outcome.

Chapter 7 Personal Bankruptcy: Fresh Start

Chapter 7 is the most common bankruptcy option for individuals. In a Chapter 7 case, you file a petition listing all your assets and debts. A trustee is appointed to review your case. Certain non-exempt assets may be liquidated to pay creditors, but most individuals find that their exempt assets—including their home, car, retirement accounts, and household goods—remain protected under Georgia law.

More importantly, Chapter 7 provides a discharge: a court order that legally eliminates your personal liability for most unsecured debts, including credit card balances, medical bills, personal loans, and payday loans. Once discharged, creditors cannot pursue collection against you for those debts.

For individuals with limited income, Chapter 7 offers a true fresh start. The process typically takes 4-6 months, after which your debts are eliminated and you can begin rebuilding your credit and financial stability.

Chapter 11 Personal Bankruptcy: Reorganization

While Chapter 11 is typically associated with businesses, it's also available to individuals with high income or significant assets. In a Chapter 11 personal case, you keep your property and pay debts through a court-approved repayment plan over 3-5 years. Chapter 11 is more complex and expensive than Chapter 7, but it may be appropriate if your income exceeds Chapter 7 limits or if you have assets you wish to protect that wouldn't be exempt under Chapter 7.

Our attorneys help you understand whether Chapter 11 might serve your situation better than Chapter 7 or Chapter 13.

Asset Protection Under Georgia Law

One of the most important aspects of personal bankruptcy is asset protection. Georgia law provides exemptions that protect much of what matters most to you:

Our attorneys ensure you understand what you can protect and structure your case to maximize those protections.

The Automatic Stay in Bankruptcy Cases

The moment you file for bankruptcy, the "automatic stay" takes effect—a court order that halts most creditor collection efforts immediately. Creditors cannot call you, send collection letters, file lawsuits, or pursue garnishment. For many people, this immediate relief from constant creditor contact is one of bankruptcy's most valuable benefits.

Chapter 13: Limited Availability

While we handle some Chapter 13 cases for our Atlanta clients, this chapter—which involves a 3-5 year repayment plan—is not our primary focus. Chapter 13 can be appropriate in certain circumstances, such as when you're behind on mortgage payments and want to catch up through a repayment plan. If Chapter 13 is right for your situation, we'll advise you directly.

The Path to Financial Recovery

Bankruptcy isn't failure—it's a legal tool designed to help people recover from financial hardship. Most individuals emerge from bankruptcy with improved credit, eliminated debt obligations, and a clear path to financial stability. We guide you through the entire process, from initial consultation through discharge, ensuring you understand every step and protecting your interests.

Get the Fresh Start You Deserve

If you're drowning in debt and need relief, contact our office in Atlanta to discuss your situation. We'll evaluate your circumstances, explain your options, and help you understand what a fresh financial start looks like for you.

Frequently Asked Questions

Will bankruptcy ruin my credit forever?
No. While a bankruptcy filing does appear on your credit report (typically for 7-10 years), your credit can recover significantly within 2-3 years of discharge, especially if you use credit responsibly after bankruptcy. Many people find their credit score begins improving within 6-12 months as the debt burden is eliminated and payment history becomes positive.
Can I keep my house if I file for bankruptcy?
In many cases, yes. If you have equity in your home within Georgia's homestead exemption, it's protected. If you're current on your mortgage payments, you can keep your house by continuing to pay the mortgage. Chapter 7 doesn't eliminate mortgage obligations, only unsecured debts like credit cards and medical bills.
What debts can be discharged in Chapter 7 bankruptcy?
Most unsecured debts can be discharged, including credit card balances, medical bills, personal loans, and payday loans. However, some debts cannot be discharged, including student loans (in most cases), child support, alimony, and recent taxes. We review all your debts and explain which ones will be eliminated by bankruptcy.
How much does personal bankruptcy cost?
Bankruptcy involves court filing fees and attorney fees. Costs vary depending on the complexity of your case. We provide transparent fee estimates upfront and discuss payment options. Many people find that the cost of bankruptcy is significantly less than the cost of ongoing debt payments and interest.
Will filing for bankruptcy affect my job?
Bankruptcy is a matter of public record, but most employers never learn about it. Federal law prohibits most employers from discriminating against you based on a bankruptcy filing. Some regulated professions may require disclosure, but for most people, job impact is minimal. We can discuss any specific employment concerns during your consultation.

Ready for a Fresh Start?

Our compassionate bankruptcy attorneys are ready to help you regain financial stability. Schedule a confidential consultation today.

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