Canton, GA Bankruptcy Law Firms & Lawyers

Your age has nothing to do with whether or not you might qualify to file bankruptcy. Bankruptcy could be a good idea if your income goes entirely for necessary living expenses & nothing is left that you could use to pay your debts.

It sounds like you may be judgment proof. The creditor most likely won't be able to take anything from you even with a judgment because the little you have can be exempted. Contact a bankruptcy attorney. We all offer free consultations. Most attorneys are willing to work with you on a payment plan. If the price you were quoted was too high get a second opinion, your case based on the facts you give seems like a straight forward bankruptcy chapter 7 which means the fee shouldn't be high. An attorney won't pressure you to file bankruptcy unless it's in your best interest, they should analyze and inform you about all your options. In your case the only reason you might consider bankruptcy is if you have other debt or you are feeling overwhelmed by the creditor calls or collection letters. A bankruptcy will put a stop to all the lawsuits, the collection notices and the phone calls and eliminate all your debt. If you can handle the calls and letters just fine and this is the only debt you owe, then file an answer to the lawsuit and a claim of exemption to protect your assets. You can get the forms online or at your local courthouse's self help center. Good luck.

Upon entry of discharge the assets of the debtor, which are owned by the estate, revert to the debtor. There would be no reason to re-open the banruptcy to liquidate assets that belong to the discharged debtor.