Chapter 7 bankruptcy can also referred to as debt elimination or debt liquidation bankruptcy because the debtor is freed from liability of all of his or her unsecured debts upon discharge of the case.
Most unsecured debts are dischargeable in a Chapter 7 bankruptcy filed in Georgia. Income taxes and overpayments are sometimes dischargeable as well. There are a number of debts that cannot be discharged in a bankruptcy. Some examples of these debts include: most student loans, government fines, and restitution. We will be happy to discuss your case with you to determine which of your debts will be eliminated, based on your unique situation.
A Chapter 7 bankruptcy is usually about a 4 month process. This allows you to wipe out all your debt at once and start rebuilding your credit right away.
Filing a Chapter 7 bankruptcy will stop the creditor calls, judgments, wage garnishments, bank levies, and enable you to get the fresh financial start you need and deserve! Stop wondering how to become debt free and find the answers you need to get there. Call King and King for a free consultation at 404-524-6400 or visit us at www.kingandkingattorneys.com for more information.