Georgia Chapter 7 Bankruptcy Lawyers
When you are considering bankruptcy, you have two options: filing for Chapter 7 and filing for Chapter 13. Knowing the difference and knowing which one is best for you is an important first step.
At the law firm of Pleska & Douglas LLC, our attorneys provide individuals with the guidance needed to make decisions about filing for bankruptcy. If you wish to speak with us about Chapter 7, contact our Atlanta, Georgia, office today and schedule a free initial consultation. Call 770-933-9009.
Changes in Bankruptcy Law
In 2005, bankruptcy laws changed significantly, making it more difficult for people to file for Chapter 7. Now a means test is used to determine if a person is eligible to file for this kind of debt relief. At Pleska & Douglas LLC, our attorneys will conduct the means test to help you determine if you can file for Chapter 7 bankruptcy or if you should file for Chapter 13 instead. In general, the test, along with your credit history and current financial situation, needs to show that you would be unable to make Chapter 13 payments.
If you find that you are ineligible for Chapter 7 after taking the means test, we will discuss your options with you. We may be able to challenge the test determination by informing the courts of other considerations that may influence eligibility.
Making a Fresh Start: Liquidating Unsecured Debt
Beyond the comfort of putting an end to hounding creditors and threats of foreclosure or repossession, Chapter 7 eliminates all unsecured debt. While federal debt, such as back taxes, cannot be included in Chapter 7 bankruptcies, some student loans may be eligible.
Perhaps the most compelling aspect of filing for Chapter 7 is the fact that the immediate relief can give you the momentum you need to make a fresh start. Let our attorneys help you achieve this.
At Pleska & Douglas LLC, it’s not business, it’s personal. You are an individual. Your situation is unique. Your questions are specific to your legal problem. Whether you come to our firm looking for legal help to put an end to significant personal debt, support as you enter into a real estate transaction, or guidance in the transactional or litigation matters associated with your business, our lawyers stand ready to provide personalized, effective service.
Contact Pleska & Douglas LLC today to schedule a free initial consultation. Call 770-933-9009.
