Coastal Georgia Bankruptcy was established with the mission of helping people through periods of financial hardship and stress. With COVID-19 becoming a part of our daily lives, this commitment to helping individuals and businesses in our community has never been greater. While social distancing may keep us apart physically, it will not stop the team at Coastal Georgia Bankruptcy from providing sound financial advice and assistance during these trying times. If you are struggling to meet your financial obligations or are concerned about how COVID-19 may affect your financial future, please call (912) 721-2724 or schedule an appointment through our website. Our attorney, Drew Stutzman, will continue to be available by phone anytime, including after-hour and on weekends, and to insure the safety of our community telephone or video appointments are available.
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The answer depends on your individual circumstances. If you are struggling to pay back your debts and your creditors are not willing to work with you, bankruptcy is a good way to resolve financial situation. But whether bankruptcy is in your best interest also depends on the types of debt you have and the amount of property you own.
The tipping point for most people is when debt collectors or creditors become a constant source of stress, collection lawsuits are filed, wages are garnished, or there is threat of foreclosure. If you are facing any serious issues caused by unpaid debt, then it's a good idea to talk with the attorney at Coastal Georgia Bankruptcy to discuss your options.
Coastal Georgia Bankruptcy was established with the mission of helping people through periods of financial hardship and stress. We also believe in providing a supportive environment to discuss difficult legal and financial issues. Our first concern is always for the client. With over 20 years of bankruptcy experience, we will work closely with you to create a personalized financial strategy addressing your specific circumstances. Contact Coastal Georgia Bankruptcy today so we can help you take the first step to a new tomorrow – it's easier than you think!
Bankruptcy is a federal court process that allows debtors to eliminate and/or reorganize their debts, providing legal protection for those struggling or unable to repay their obligations. The goal in most bankruptcies is to receive a discharge, which eliminates debtors’ liability on certain debts and prohibits creditors from collecting debts against them. Some debts are not dischargeable, so you need an experienced bankruptcy attorney to guide you through the process.
If you meet the eligibility requirements for both types of bankruptcy, then you can choose the type of bankruptcy that makes the most sense for your situation. However, you may not have a choice. Chapter 7 is a popular choice because it is relatively quick and, unlike Chapter 13, it doesn't require filers to pay back any portion of their debts. However, not everyone qualifies to file for Chapter 7 bankruptcy and in some cases Chapter 7 doesn’t provide the help many debtors need. Chapter 13 is a popular choice if you have regular income and you want to protect valuable property from possible repossession or foreclosure. A Chapter 13 bankruptcy allows you to keep your property, cure arrearages and reduce your debts, offering an excellent alternative for those who do not qualify for Chapter 7. The requirements for eligibility and determining which type of bankruptcy is right for you can be complicated, so contact the experienced attorney at Coastal Georgia Bankruptcy to form a strategy to reset your financial future.
At Coastal Georgia Bankruptcy all consultations are FREE, so there is no cost to contact our office and learn what options are available to resolve your financial issues and eliminate the associated stress. An advantage to filing Chapter 13 is that most cases do not require any money down and attorney fees are paid along with other obligations through your Chapter 13 Plan. The attorney fees in Chapter 7 cases vary depending on the complexity of each case and are generally paid before filing. At Coastal Georgia Bankruptcy we are committed to working with our clients to tailor our fees to your particular case and budget, making sure you have the chance to reset your financial future on payment terms that fit your financial situation.
When you file bankruptcy, you’ll be asked to disclose information regarding your financial affairs, such as your income and expenses, assets, debts, and property transfers. Also, you’ll need to provide certain documents to the bankruptcy trustee to prove the accuracy of the information provided. To properly complete the bankruptcy petition and schedules, you will need to provide the following information:
- All bills with the contact address and account numbers. Be sure to include all medical bills, credit card bills, car payments, and mortgage statements, personal loans, rent to own contracts, furniture loans, title loans, or title pawns.
- The last six (6) months of paycheck stubs or proof of income.
- The last two (2) years of state and federal tax returns.
- The last three (3) months of bank statements for all of your accounts.
- Any paperwork regarding lawsuits, garnishments, foreclosures, or repossessions.
Usually, only those people you choose to tell. While bankruptcy filings are a matter of public record, most people are not searching for it. If you’re worried about people knowing about your financial difficulties, don’t tell anyone, and they likely won’t find out. After all, it’s really none of their business.
In Chapter 13, you get to keep all of your property. In Chapter 7, while there is a chance the Trustee could try to sell property, debtors are often pleasantly surprised to learn that they will be able to keep all of their property, either because it's exempt or because it isn't worth enough to cover the cost of taking it and selling it. It is important to know what property is off-limits from creditors and the trustee, so make sure you contact an experienced bankruptcy attorney that will eliminate your debts while also protecting your important assets.
If you are married, you can file an individual bankruptcy case without your spouse. While there is almost no additional cost for a spouse to join in a bankruptcy case, there is no requirement that they also file.
The point of filing for bankruptcy is to give yourself a financial fresh-start by getting out from under your debts. Whether you file a Chapter 7 or Chapter 13 bankruptcy case, many types of debt will be discharged at the end of your case. When a debt is discharged, you will no longer have any liability to pay for that debt, and creditors are prohibited from the collection of a discharged debt. However, some debts, such as child support and spousal support, student loans, criminal fines, and restitution, are not discharged through bankruptcy. Further, while debts are discharged through bankruptcy some creditors may retain liens on certain property. Therefore, it is important to contact an experienced bankruptcy attorney to make sure your debts are discharged, so you can reset your financial future.
Your credit will likely be affected if you file for bankruptcy, but there is good news too. If you do not have great credit, to begin with, once your debts are discharged, your credit score may start to improve not too long after bankruptcy and the impact of a bankruptcy filing lessens over time. Further, after bankruptcy, you will be better positioned to manage creditor obligations wisely and build your credit score, without having the overwhelming arrearages, credit balances, and interest charges that led you to seek bankruptcy protection.
Yes, you will be able to apply for and get a loan after receiving a bankruptcy discharge. It is important to start rebuilding your credit and continue paying your ongoing obligations on time after completion of your case. Your most recent actions have a bigger impact on your credit score than negative events from the past, so the effect that bankruptcy has on your score will diminish with each year that passes.
If you’re facing serious debt problems, filing for bankruptcy can be a powerful tool. It stops most collection actions, including telephone calls, wage garnishments, lawsuits, foreclosures, repossessions, or other collection actions. When you file for bankruptcy, a court order called the automatic stay immediately stops most civil lawsuits filed against you and most collection actions being taken against your property by creditors, collection agencies, or government entities.
The Small Business Reorganization Act (SBRA) allows eligible businesses to retain control over their business operations while reorganizing. However, the SBRA removes the costly requirements associated with a Chapter 11 filing. Unlike Chapter 11, a trustee will be appointed to each small-business debtor case to perform duties similar to those performed by a Chapter 13 trustee. At Coastal Georgia Bankruptcy, our attorney is excited to explore the protections afforded to small businesses through this recently enacted process. Further, with experience managing, negotiating and resolving commercial claims at Gulfstream Aerospace Corporation, along with years representing lenders and government-sponsored entities in the bankruptcy process, our attorney is uniquely qualified to guide small businesses in reorganizing their debts and retaining control of operations.
Coastal Georgia Bankruptcy was established for the purpose of helping people through periods of financial hardship and stress. We assist individuals and companies in taking back control of their finances and restarting their financial future. With over 20 years of bankruptcy experience, we work closely with our clients to develop a financial strategy that specifically meets their individual goals, eliminates debts, and protects their property from the reach of creditors. We know bankruptcy is not always the answer, but we will help you take control of your budget and establish a plan for success rather than continued uncertainty.
Unlike most bankruptcy attorneys who view filing your bankruptcy case as a transaction, at Coastal Georgia Bankruptcy we view your case as a relationship. We understand the pressure associated with financial struggles can be overwhelming, taking a toll on you and your family. That is why we are dedicated to making sure you are not alone while dealing with financial difficulty. We are committed to keeping you informed, answering your questions, and following up regularly to ensure the best possible outcome for every client. You can talk to our attorney anytime, including nights and weekends, so you can be assured we are by your side every step. Coastal Georgia Bankruptcy, located in Savannah, Georgia, is dedicated to helping people reset their financial future and take the first step to a new tomorrow.
How Can We Help?
Stop Repossessions & Keep Your Car
If you find yourself in the endless cycle of postponing payments or falling behind on your bills, you may end up facing repossession. Having trouble managing and paying the endless line of bills is common. Bankruptcy may give you the protection you need from creditors and help avoid a possible repossession. Bankruptcy also provides people with options regarding their vehicles, including reducing the interest rate you are currently paying and possibly reducing the payments for your vehicles.
Stop Foreclosures & Keep Your House
Receiving a notice of foreclosure can be scary, putting pressure on you and your entire family. Falling behind on the mortgage is a common problem for people under financial stress. Filing bankruptcy will stop the foreclosure process, regardless of which type of bankruptcy you file. If you are facing foreclosure, it is vital that you consult with a lawyer who is knowledgeable of both bankruptcy and foreclosure laws. Mr. Stutzman has 20 years’ experience handling foreclosure issues, on behalf of lenders and borrowers, and knows exactly what needs to be done to properly protect your most important asset, your home.
Stop Lawsuits & Debt Collections
In Georgia creditors can garnish up to 25 percent of your net pay. Losing that much cash from your take-home pay can be devastating to your household budget. Filing for bankruptcy protection will stop lawsuits and any collection actions from continuing against you. In addition, bankruptcy will terminate garnishments and stop harassing creditor calls, letters and notices. Bankruptcy levels the playing field with aggressive creditors and gives you the ability to discharge your debts with minimal or no payment on certain debts.
8 weeks ago
Mr. Stutzman is a highly effective attorney who has extensive experience in bankruptcy law and has his clients´ best interests at heart.
Mr. Stutzman is a very dedicated lawyer who focuses on his client's needs and advocates strongly for the best outcome in all situations. He puts his clients and cases first and is someone I would highly recommend.
Attorney Stutzman's availability was outstanding. His customer service was impeccable. Words can not express how well he does his job administratively and interpersonally.
2 weeks ago
Simply amazing! He took the time to explain anything I had questions about. I am so glad I had him on my side. Would recommend to everyone.
Not all consultations lead to filing bankruptcy, as Mr. Stutzman’s primary goal is to find the best way to achieve debt relief solutions that get your finances back on track and fit your specific situation. If bankruptcy is not the right path for you, we can explain alternatives to bankruptcy such as loan modifications, debt consolidation and non-bankruptcy debt settlements.
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“Caring Experienced Bankruptcy Attorney”
Let Us Help You Focus On The Important Things – Yourself & Your Family
Attorney Drew Stutzman, has over 20 years of consumer bankruptcy experience offering his clients quality and comprehensive legal services in all aspects of bankruptcy law. He has consistently been recognized as one of the very best bankruptcy attorneys in Georgia. Drew has been named Georgia Trend Magazine’s “Legal Elite in Bankruptcy” for 2015, 2016 and 2017, recognizing him as one of Georgia’s top bankruptcy attorneys. He also enjoys a “Distinguished” rating by Martindale-Hubbell, indicating that he is widely respected by his peers for his high professional achievement and ethical standards. Drew is a member of the State Bar of Georgia and is active in a number of local, state and national bankruptcy organizations. Drew is frequently asked to present and lecture on bankruptcy related topics.
Drew graduated from Georgia Institute of Technology with a degree in industrial and systems engineering and earned his law degree from the Mercer University Walter F. George School of Law. Early in his career Drew represented large institutional financial lenders, servicers and investors, including Freddie Mac and Fannie Mae. Drew later founded Coastal Georgia Bankruptcy with the mission of helping people through periods of financial stress. This passion to help people also extends into the community, as Drew regularly give his time to various local community-assistance programs, leads a small-group youth initiative and holds several committee positions within his church.
At Coastal Georgia Bankruptcy, Drew and his staff are committed to providing the personal attention needed to find solutions for each and every client’s financial situation. With Drew’s past experience representing lenders, he understands how creditors think and uses that unique insight to help debtors better navigate the bankruptcy process and overcome their financial obstacles. Not all consultations lead to filing bankruptcy, as Drew’s primary goal is to achieve debt relief solutions that give his clients financial stability and fit their specific situation. If bankruptcy is not right for you, we can explain alternatives such as loan modifications, debt consolidation and non-bankruptcy debt settlements.
Our Savannah Location
Our office staff provides knowledgeable, professional and caring legal services for individuals and families throughout Coastal Georgia, gladly serving Savannah and the surrounding areas.
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Meyer & Sayers LLP
500 Stephenson Avenue
Savannah, GA 31405
Post Office Box 16089 | Savannah | Georgia | 31416
Telephone #: (912) 721-2724
Fax #: (912) 598-5152
Monday To Friday
8:30 AM - 6:00 PM
Coastal Georgia Bankruptcy
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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