Are you or a loved one in the process of filing for bankruptcy? Read these chapter 7 bankruptcy tips, then call our Georgia lawyers today.
1. Filing chapter 7 bankruptcy
One of the initial questions that we always receive regarding bankruptcy is how to file a Chapter 7 bankruptcy in Georgia. A Chapter 7 bankruptcy is similar to a Chapter 13 bankruptcy. They’re basically the forms that your attorney would have. You can come into the office and bring in all your information concerning debts, assets, wages, bank statements, income taxes. You sit down with an attorney, and you work through that, and put those into a schedule.
Those schedules are then filed with the bankruptcy court. Once those schedules are accepted by the bankruptcy court, then you have a meeting of creditors held within 30 days after the filing. After that, you will receive your discharge within three to four months afterwards.
2. Choosing an Attorney for a Chapter 7 Bankruptcy
One of the questions that we are constantly asked is, how do you choose the right attorney? I would suggest that you research and check on the credentials of the attorney. You want to make sure in Georgia that, if you’re choosing an attorney to file a Chapter 7 bankruptcy, that attorney has experience in Chapter 7 bankruptcies, Chapter 13 bankruptcies, and what we call consumer bankruptcies. You want to make sure that they know all the ins and out, that they know the trustee, that they know the judges, that they know the rules so that you’re not caught unprepared.
3. Benefits of Chapter 7 Bankruptcy
One of the questions that we always want to know is how a bankruptcy in Georgia is going to help our clients. In a Chapter 7 situation, a Chapter 7 liquidates or eliminates all unsecured debt such as credit cards, such as personal bills, such as medical bills, delinquent rent, things like that. Now, if you’re going to keep your car, or keep your house, or keep your apartment, of course, you have to keep the current payments made. It doesn’t discharge any debts that are current after the filing of a bankruptcy.
Say, for instance, you were in an automobile wreck and you have a lot of medical bills. Those medical bills are now in collection. A Chapter 7 would discharge those medical bills many times.
Are you or a loved one in the process of filing for bankruptcy in Statesboro, Springfield, or Swainsboro and have questions about these Chapter 7 bankruptcy tips? Contact the experienced Georgia bankruptcy attorneys at Hall & Navarro today for a consultation and case evaluation. We can help get your life back on track.