Filing for Chapter 7 Bankruptcy?
Our Georgia Bankruptcy Law Firm Can Offer an Affordable Solution
Making the decision to file for bankruptcy is a momentous decision, but it can be easier with the assistance of a knowledgeable Georgia bankruptcy lawyer to ensure that there are no missteps. At The Justice Café by The Manely Firm, PLLC, we are committed to helping our clients, no matter how complex the situation may be.
We are proud to offer low-cost legal services to suit your needs. If you would like an appointment to discuss your Chapter 7 bankruptcy matter, please contact us at 678-648-7577.
How Does Chapter 7 Bankruptcy Work?
This form of bankruptcy is also known as total liquidation, and allows the filer to wipe out most, if not all, unsecured debts. This may include possessions, some property, and any other assets. Chapter 7 bankruptcy also prompts an automatic stay against creditors, which means they can no longer contact the filer to demand payment of debts.
Some of the advantages that Chapter 7 bankruptcy provides:
- It gives the filer a clean slate to begin rebuilding their financial future
- Filers are not tied to a repayment plan, as in a Chapter 13 bankruptcy
- The discharged debt begins right away, as quickly as 60 to 90 days after filing
- There are no limits on the amount of debt that can be discharged
As the process gets underway, your assets will be valued then liquidated to distribute to creditors. It is important to note that not all debts can be wiped away, unfortunately. This includes student loan debt, alimony, child support, some taxes, and any debts considered fraudulent. Therefore, you will still be obligated to repay those debts.
Get in Touch With the Justice Café
At The Justice Café, By the Manely Firm, PC, our Georgia bankruptcy attorneys are prepared to help you with your bankruptcy case. We can help you discern which debts can be liquidated and what you should to prepare yourself moving forward. We offer top-quality legal guidance to clients throughout Georgia at the affordable price of $85 an hour.
Should you have any questions regarding Chapter 7 bankruptcy, give us a call to schedule your appointment today!