North Cobb is an unincorporated community in Cobb County, which is part of the original five-county Atlanta metropolitan region. North Cobb enjoys the same relatively healthy economy as Cobb County generally, and in 2007 the median income was $70, 472. Yet even with this high median, 9.4% of the county’s population lived below the poverty line according to the latest census. Bankruptcy filing rates have increased in North Cobb, echoing the general upsurge in bankruptcy filings throughout the Atlanta region. In 2011, Atlanta/Dekalb County had the third-highest filing rate out of all the counties in the country.
If you’re considering filing for Chapter 7 or 13, a North Cobb bankruptcy lawyer can assist you in navigating the federal bankruptcy laws that are available to help you protect your financial future. Bankruptcy can give you a fresh start, eliminating most forms of unsecured debt, such as debt from credit cards, medical bills, and personal loans. A Chapter 7 bankruptcy can also allow you to keep your property and stop creditor harassment; upon retaining services, a North Cobb bankruptcy lawyer will usually provide you with a phone number so that you can refer your creditors directly to your legal counsel. Chapter 7 can also be used to immediately stop garnishment of your wages, lower your car payment, and end any license suspension resulting from insurance non-payment. A North Cobb bankruptcy lawyer can help to determine which form of filing is right for you.