Atlanta Chapter 7 Bankruptcy Lawyers

Helping You Find a Solution to Your Debt

If your financial situation is exhausting and stressful, you are not alone. You might believe bankruptcy is something to avoid at all costs, but hundreds of thousands of people use bankruptcy to obtain a fresh financial start every year—and you can, too.

Our Chapter 7 bankruptcy attorneys in Atlanta want you to know we are here to support you, providing solutions that actually work. Our reliable team at Holston & Huntley can help you with your financial crisis, no matter how dire.

Call (404) 620-3337 or contact us online so we can provide you with affordable Chapter 7 bankruptcy services. We offer complimentary consultations and reasonable payment plans for all our bankruptcy clients.

What Is Chapter 7 Bankruptcy?

Although everyone has heard of bankruptcy, most people know very little about it, except that it sounds risky and dangerous. In reality, bankruptcy is an opportunity for a fresh start, and Chapter 7 bankruptcy is one of the best options for those who are struggling to get back on their feet. Here at Holston & Huntley, we want to clarify exactly what Chapter 7 is so you can make a fully informed financial decision.

Chapter 7 bankruptcy is a provision of the U.S. bankruptcy code that permits individuals to liquidate assets and discharge (i.e. eliminate) debt. Therefore, this form of debt relief is directed toward the most common consumer debts, including credit card debt, medical bills, personal loans, and more. Once the liquidation process is complete, the court can discharge any remaining unsecured debt. Like all types of bankruptcy, Chapter 7 prohibits your creditors from contacting you about debt and pursuing all collection activities, such as garnishments, repossessions, and foreclosures.

Unfortunately, not everyone will qualify for Chapter 7 protection. We can provide a personalized assessment of your situation to determine whether you will be eligible for Chapter 7 and if it is the best possible solution for your financial crisis.

The Chapter 7 Process

One of the greatest benefits of Chapter 7 bankruptcy is the debt discharge, which liberates you from qualifying financial liabilities. However, you must complete several steps before benefiting from this discharge.

The steps to filing for Chapter 7 include:

• Meeting key income criteria – Your eligibility is determined by a means test, which calculates your total income after supporting all the members in your family and paying other household expenses.
• Receiving credit counseling – This counseling must come from a certified agency, and you must complete the course before you file. You must also complete a debtor education course before the court can discharge your debt.
• File an application with the bankruptcy court – You must also give a complete list of any liabilities and assets, in addition to other financial documents.