Chapter 7 Bankruptcy Georgia

What is Chapter 7 Bankruptcy?

When you are filing for chapter 7 bankruptcy in the state of Georgia, you are legally asking the courts to discharge all of your debts. This can be a tremendous help for people who are struggling with their debt tp get a new start on their financial life. 

The State of Georgia does not just grant debt relief to everybody though. In order to qualify for a chapter 7 bankruptcy, you must take what is called the means test. It sounds scary but it really is not a test in the traditional way that we think of the word. You do not have to study for answers. The bankruptcy means test is actually just a financial declaration where you list all of your debts and all of your income. It is a way for the bankruptcy courts to see if you are eligible for chapter 7. Along with debt, your income is a very important factor. YOu must fall below the median income wo be eligible for chapter 7 bankruptcy.

Do I Need an Attorney?

An Atlanta Georgia chapter 7 bankruptcy attorney is not required by the state of Georgia for you to file. It is possible to file for bankruptcy by yourself but it is not something that we would reccomend. The reason is that there is so much paperwork and so much room for error, you are risking the chance of your bankruptcy rejected by the courts.

The truth in the matter is when you hire an attorney, you can be pretty confident that everything you need will be done. Not only will it be done, it will be done for you. Most of the time, all you really need to do is provide your attorney with all of your financial information and they will do all of the leg work for you. There are some things that you must complete on your own like the means test and credit counseling but as far as filing your case correctly, you can have peace of mind when you hire a bankruptcy attorney.

If you contact Cherney Law Firm, we will give you a free consultation and explain everything that you want to know about chapter 7 bankruptcy in georgia. As a matter of fact, most law firms will be happy to help you find debt relief. If you choose not to use us, you can always do a search for "Bankruptcy Attorneys Near me" and you will find all of the law firms in your area that specialize in Georgia bankruptcy.

 

Is Filing chapter 7 Banruptcy in Georgia the Only Answer?

While many of our clients see chapter 7 as a huge life saver, others are optimistic about the stigma that bankruptcy has. If you contact our office, we can discuss other debt relief options such as debt settlement, where we contact your creditors and try to negotiate a lower settlement or Debt Consolidation, where we can try to take all of your debt payments and consolidate them into 1 payment.