Alpharetta Chapter 7 Bankruptcy Attorney
How to File Chapter 7 Bankruptcy
If your debt is significantly higher than your income, you may be eligible to file Chapter 7 bankruptcy. Chapter 7 is sometimes referred to as “liquidation,” because it utilizes the sale of non-exempt property and assets to repay creditors, after which most debts are eliminated or discharged. To determine your qualifications and fully understand how Chapter 7 will impact your financial situation, you need the legal counsel and representation of an experienced Alpharetta lawyer.
At The Law Offices of Daniel W. Mitnick & Associates, P.C., we have been helping clients out of overwhelming debt into a brighter financial future for more than 25 years. We have a history of success for our clients, which has earned us the respect of our peers. We are 100% focused on the best possible outcome for your situation.
What types of debt can be discharged in Chapter 7 bankruptcy?
For those who qualify under the bankruptcy means test, Chapter 7 can provide much needed relief from overwhelming debt. You may be able to eliminate:
- Personal or business loans
- Medical debt
- Credit card debt
- Many other unsecured debts
Guidance During the Bankruptcy Process
It is, understandably, a huge concern for most individuals filing bankruptcy to retain their personal property, heirlooms, and inheritances. When you work with our firm, we can help you determine which property and assets are exempt from liquidation and ensure that your rights are protected throughout the process. Most personal assets are not liquidated by trustees, simply because such items generally do not hold much monetary value. However, each case is unique, which is why it is important to consult with a seasoned Alpharetta lawyer.
Many people find that filing Chapter 7 can give them the fresh start they need to regain control of their finances. If you are determined to be ineligible to file Chapter 7, you may still be eligible to file
Chapter 13. To discuss your options, schedule a complimentary consultation with our firm. Contact us to get started today on regaining control of your life!