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.