Georgia Chapter 7 Bankruptcy Lawyers

With Bankruptcy Offices in Statesboro and Springfield

Chapter 7 is commonly called a liquidation bankruptcy. That is a little misleading. The bankruptcy code allows you to keep certain assets in which you have equity up to dollar amounts as specified in the code. A normal Chapter 7 allow you to obtain a discharge of unsecured debts (excepting student loans) in three to four months. A trustee is appointed to review your case to make sure all debts and assets are correctly listed. There is typically one hearing held called a meeting of creditors at which the trustee reviews your case.

Georgia Chapter 7 Bankruptcy Lawyers

With Bankruptcy Offices in Statesboro and Springfield

Chapter 7, according to the United States bankruptcy code, helps with liquidating assets. You will have a trustee appointed to your case to help liquidate assets as needed to pay off creditors. Once you have gone through your available assets to liquidate, you are going to have a debt that remains, which will be repaid over time. This repayment will not be crushing, as it was prior to filing. You must be eligible to file for Chapter 7. For one, you cannot have filed Chapter 7 in the last eight years to move forward. You also have to pass a means test.

Georgia Chapter 7 Bankruptcy Lawyers

Georgia Chapter 7 Bankruptcy Lawyers

With Bankruptcy Offices in Statesboro and Springfield

Chapter 7, according to the United States bankruptcy code, helps with liquidating assets. You will have a trustee appointed to your case to help liquidate assets as needed to pay off creditors. Once you have gone through your available assets to liquidate, you are going to have a debt that remains, which will be repaid over time. This repayment will not be crushing, as it was prior to filing. You must be eligible to file for Chapter 7. For one, you cannot have filed Chapter 7 in the last eight years to move forward. You also have to pass a means test.

Testimonials

“You helped me restore my faith in so much that looked bleak and decrepit. Along this bumpy road, my lovely daughter is safe, and home, and starting to find peace again…Thank you. All the pieces unfolded and fell into place through a progression only the Lord could have planned. But the people who fulfilled his plan did it through greatness and kindness and strength. In my opinion you and Martha have done Gods work and the Judge came through! I am indebted to you both. Please understand, I can be a force and support as well. “What doesn’t kill you makes you stronger”. I still have a long way to go…so I hope that statement is true. My commitment to be there for you is equally strong. It will be a tough journey. I Pray. You guys are amazing. Thank you for everything.”

BONNIE GRINGER

“We were referred to Mike Hall by a friend who told us that if they had used him in the beginning, they would have had a lot better result. Using Mike ourselves, we have had the same experience. Mike is very personable and gave us some very wise council. We could tell he was trying to help us. We have used him for several issues that have come up, and he has always handled them in a professional and timely manner. He is quick to answer emails or phone calls, and takes his time answering all of your questions. We are very pleased with his services and would highly recommend him to anyone who has a legal problem.”

LYNN & PAM KELLEY

“After a two and a half year battle, my son and I got the justice we longed for. The only quality that I didn’t like about Paige was that she was patient. Which, is a very good quality to have. However, hindsight being 20/20, I’m glad she was so patient. Paige and Ashley (her paralegal) were always in communication with me, and responded in a timely and appropriate manner. When opposing counsel started her antics and attempted to berate and take Paige’s eye off the prize, she didn’t allow it. I sincerely appreciate all they did for me and my son. I know my circumstances were extreme, but Paige looked out for the two of us. I highly recommend the law group, and will always be indebted to them.”

DUSTIN SHAW

“This review is in regards to how attorney Martha Hall handled my cases. Before Martha Hall, I was taken advantage of in family court in Jefferson County and Effingham County with sub par attorneys that resulted in rulings that were unfair to me and created headaches and financial difficulties. I experienced three attorneys before Martha Hall. I never felt that I had equal representation in the courthouse, until I discovered Martha Hall. Since I have hired Martha Hall, I have had equal or better representation and my cases have closed with fair rulings. This is solely a result of having Martha Hall as my attorney. I will not change thus moving forward if I need any legal services. She is worth every penny.”

KEN GIBSON

“I just have to say the professionalism and conduct of the Hall and Hall attorneys was fantastic from the time we walked in the door. We met Sarah then Mrs. Martha Hall. They were all very attentive and compassionate. Kara, our paralegal, was always there for us. She was always there via email or phone contact. We had a very sensitive legal case and Mrs. Martha Hall walked us through it with compassion and professionalism. I cannot say enough good things about this group or thank them enough for doing what needed to be done.”

MYA AND DEAN CAPE

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The Workings of a Chapter 7 Bankruptcy

One of our Georgia bankruptcy lawyers is going to assist you through the whole process involved in filing for Chapter 7. You have two forms of debt: secured and unsecured.

Secured debt would be something like a mortgage, car loan, furniture debt, etc., while unsecured debt would be something like credit cards, personal notes, some overdue taxes or student loans. Child support and alimony are treated separately.

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What You Need to Know Getting Started

When you file, you have to do credit counseling within six months of filing or else the process will not begin. There will be paperwork that you need to handle including making a petition to the court to officially kick off the proceedings. One of our Georgia chapter 7 bankruptcy lawyers will be able to guide you.

You need to be ready to show your personal information such as your debts from creditors, your assets, income, and what you typically spend in a given period of time.

Once you file, debt collectors are no longer going to be able to call you all the time.

You will have a trustee assigned to oversee your bankruptcy. They are an attorney who is specially appointed to serve as a trustee in a certain geographical area. They are in charge of reviewing your assets and debts.

Problems with Filing for Chapter 7 Bankruptcy

As you may have already understood, you are going to be able to free yourself from a number of the debts that have been causing you stress. It does not come without a cost. Occasionally you are going to have to give up some things to make it work. The law does let you keep some of your properties that are protected, commonly called exempt property.

You may be worried about keeping your home and your car. In a Chapter 7 you have to keep these payments current or the creditor is allowed to ask the court for a right to repossess. If you cannot keep up with the payments. Chapter 7 may not be the call for you. Our Georgia chapter 7 bankruptcy lawyers can help you figure out the best option, as they handle many other types of bankruptcy. Call us right away to discuss alternatives to Chapter 7. Chapter 13 may be more appropriate.

Bankruptcy National Living Allowance: Effective 4/1/2020

Household SizeFood and Housekeeping #7 on Sch. JClothing #9 on Sch. JPersonal Care #10 on Sch. JMisc.Total Allowed
1 Person$426.00$88.00$43.00$170.00$727.00
2 People$757.00$159.00$70.00$302.00$1,288.00
3 People$862.00$169.00$76.00$339.00$1,446.00
4 People$1034.00$243.00$91.00$418.00$1,786.00
5 People$1,275.00$301.00$112.00$518.00$2,206.00
6 People$1,518.00$358.00$133.00$617.00$2,626.00
7 People$1,761.00$415.00$155.00$715.00$3,046.00
8 People$2004.00$472.00$176.00$814.00$3,466.00
Add'l Persons$282.00$0.00$0.00$138.00$420.00

Bankruptcy Means Test Guide

Household SizeAnnual Income
1 Person$50,128.00
2 People$65,007.00
3 People$73,738.00
4 People$87,317.00
5 People$96,317.00
6 People$105,317.00
7 People$114,317.00
8 People$123,317.00
Add'l Persons$9,000.00

What You Need in Order to File for Chapter 7 Bankruptcy

When filing any bankruptcy, your income is going to be a factor. There are specific guidelines for income and expenses allowed for individuals filing a Chapter 7 bankruptcy. If you make under a certain amount, you automatically qualify for Chapter 7. If you are above a certain threshold as governed by Georgia’s allowances, you will have to complete a “Means Test” to determine your eligibility. The idea is that the court is trying to determine how much you have left over after you paid your monthly expenses. It may turn out that you are not eligible for bankruptcy because of your debt-to-income ratio. One of our Georgia Chapter 7 bankruptcy lawyers can help you with this.

The court’s filing fee for a Chapter 7 bankruptcy is $335 to file. 

Call Our Georgia Chapter 7 Bankruptcy Lawyers Today

Being in a lot of debt causes a lot of stress. Let us help you ease your worries. We know this is terribly difficult, and we want to be there for you every step of the way. Call us today to get started at getting your life back.