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 (888) 817-6610.
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:
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.
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.
Should you have any questions regarding Chapter 7 bankruptcy, give us a call to schedule your appointment today!