Chapter 7 in Georgia - "Fresh Start" Bankruptcy
Chapter 7 bankruptcy is also known as a "Fresh
Start" bankruptcy. Chapter 7 bankruptcy allows you to eliminate most or all of your debt, such as personal
loans, medical bills, and credit cards, while being allowed to keep most if not
all of your property.
Once you decide to file Chapter 7 bankruptcy, King &
King will begin the process immediately to stop creditor harassment and threats
from lenders. If your wages are being garnished,
filing Chapter 7 bankruptcy will stop the garnishment immediately.
In most cases in the state of Georgia, you will be able to
keep your home and your car. Bankruptcy
is not intended to hurt, it’s intended to help.
Chapter 7 does not eliminate:
Student loans, except extreme hardship cases
Recent tax debt (although stale tax debt is usually
dischargeable)
Debts for alimony, maintenance or support
Debts for fines, penalties or criminal restitution
Debts for personal injuries caused by driving intoxicated
Chapter 7 is the most commonly filed bankruptcy and can
allow for a new start. More and more Americans find themselves struggling with
debt they cannot control. Chapter 7 bankruptcy allows for their debt to be
discharged and lets them get in control of their financial situation.
To discuss your bankruptcy options, including Chapter 7 bankruptcy, with a knowledgeable King & King attorney in a free initial
consultation, contact us today. Timing is always important in
bankruptcy-related matters. The sooner
you contact us, the sooner we can begin helping you get your life back on
track. Call today 404-524-6400.
