Lee Ringler Law Offices offers bankruptcy attorney services
Augusta, Sept. 27, 2022 (GLOBE NEWSWIRE) — Augusta, Georgia —
Lee Ringler Law Offices, an Augusta, GA-based law firm, is pleased to announce that it offers bankruptcy law services, helping individuals file for receivership. There are actually many reasons why people may choose to declare bankruptcy. This is often due to the loss of income resulting from the loss of a job or even a reduction in income which prevents the individual from being able to pay all their bills. Another life event that can cause a person to declare bankruptcy is a prolonged illness or an unforeseen medical emergency, resulting in medical expenses that are not covered by insurance. Yet another possibility is that the death of a spouse may result in the need for a bankruptcy filing. In other cases, a person may simply have made a mistake in their personal finances that led them into debt.
Attorney Lee Ringler, Founder of The Lee Ringler Law Firms, said: “The bottom line is that people file for receivership because some type of life event or circumstance has prevented them from continue to pay their basic living expenses in addition to paying their bills. The ultimate goal of filing for relief under Chapter 7 or Chapter 13 bankruptcy is the discharge of your debts. If you qualify to file for Chapter 7 bankruptcy, you will receive a full discharge of most, if not all, of your unsecured debts once the case is completed. This means that once the bankruptcy case is closed, you will no longer be legally responsible for paying the debts that are discharged by the bankruptcy case.
It is important to note that the automatic stay provisions of Section 362 of the United States Bankruptcy Code do not allow creditors to try to collect any debt that is discharged by a Chapter 7 bankruptcy action. And that includes foreclosures. salary, recovery actions, seizure of property and judgments. Those filing for Chapter 13 bankruptcy will establish a 3-5 year repayment plan. After successful completion of this repayment plan, all debts will be discharged. A significant benefit of a Chapter 13 plan is that the individual may be able to keep their home or other assets on which they were in arrears or not covered by their exemptions. Individuals will also benefit from the automatic stay protections when they declare bankruptcy.
The property that a debtor may be allowed to retain during bankruptcy is based on specific exemptions that are determined by state bankruptcy laws. Also, residents of some states may choose federal exemptions over state exemptions.
Attorney Lee Ringler, the bankruptcy attorney at this law firm, received his undergraduate degree from Carnegie-Mellon University in Pittsburgh and his law degree from the University of Pittsburgh. He established Lee Ringler Law Offices in 1979 in Augusta, Georgia, and has handled bankruptcy cases exclusively since the mid-1980s. Attorney Ringler is certified in consumer bankruptcy by the American Bankruptcy Board of Certification and he is a member of the National Association of Consumer Bankruptcy Attorneys.
Bankruptcy law is complex, and hiring a bankruptcy attorney can help ensure that the bankruptcy process is followed correctly. Those interested in learning more about the bankruptcy law services provided by Lee Ringler Law Firms can visit their website or contact them by phone or email. They are open from 9 a.m. to 5 p.m., Monday to Friday.
For more information about Lee Ringler Law Offices, contact the company here:
Lee Ringler Law Firms
Lee Ringler Law Firms
808 Greene Street #200
Augusta, Georgia 30901