Our experienced and professional attorneys are here to provide award-winning legal services to help you get out of debt.
In order to qualify for Chapter 7 bankruptcy in Georgia you need to ensure that you not only pass the means test but that you also don’t have excess income left over in your normal monthly income.
If you are overwhelmed by credit card debt, past-due medical bills, and other crushing expenses, filing for Chapter 7 bankruptcy may be a way for you to get some relief from creditors and start fresh with your finances. A skillful Atlanta bankruptcy attorney can advise individuals and businesses alike on whether Chapter 7 may be the right choice for them if filing here in Georgia.
In order to file for Chapter 7 bankruptcy in Georgia, you must meet some requirements.
It is important to note that there are strict income limits to qualify for Chapter 7 bankruptcy. To learn more about whether you qualify, contact our knowledgeable Chapter 7 bankruptcy attorneys today.
When considering debt settlement vs bankruptcy, it’s important to seek financial advice from an experienced bankruptcy attorney. There are pros and cons to each so find out which one is best for your situation.
There are many situations in which you may not be able to file Chapter 7 or a Chapter 13 is a better fit due to your financial goals. An experienced bankruptcy attorney can provide you with the best options based on your needs.
Deciding which chapter of bankruptcy to file can be confusing. Chapter 7 bankruptcy forces you to liquidate your assets that are not protected by exemptions and repay creditors. This means that if you have too much equity in your home that the Chapter 7 Trustee will sell the home and use the proceeds to pay your creditors. You may be OK with that but most people want to keep their homes. Typically, the entire Chapter 7 process is completed within four to six months.
Chapter 7 cases do not allow you to remove junior liens or to “cram down” secured loans on cars and furniture. You also need to remember that you have to qualify for Chapter 7 bankruptcy and your current income and past six months of income have to be reviewed.
The good news is that our firm will pull your credit reports and perform a nationwide lien search. Just review the list of documents that the court will require below.
Proof of Income
If you are filing a Chapter 13 case you will be required to provide the last 60 days of income statements. If you are unemployed, self-employed, or receive SSI you can sign an affidavit as to this in our office or online.
Most Recently Filed Tax Return
The court will require a copy of your last filed tax return. If you are not required to file taxes you can sign an affidavit as to this. If you have misplaced your copy we can request a transcript when you come into our office.
Pre-Filing Credit Counseling Certificate
In order for your case to be valid upon filing you must complete a pre-filing credit counseling course. There are several different companies that provide this service. The three companies that most of our clients use are:
Saedi Law Group has achieved its success by providing honest and experienced legal advice to Georgia consumers. We provide real-life options for clients and walk them through the entire process.
We invite you to contact us either online or by phone at 404-919-7296 to schedule a free confidential consultation to review your personal financial situation and what options we can provide to protect you from creditors. For additional information about bankruptcy please also check out our YouTube Channel which has up to date vlogs on issues related to personal bankruptcy.
