Griffin Lawyers File Chapter 7 Bankruptcies to Discharge Clients’ Debts
Knowledgeable Georgia firm helps people overcome financial problems
Sometimes, financial troubles are serious enough that there is no reasonable way to pay what you owe, even with extra time or modified terms. In these cases, the best solution is a fresh start. Chapter 7 bankruptcy is a legal tool that stops creditor harassment and gives clients the ability to put their money problems behind them. At Thacker & Dutton Law Firm, LLC in Griffin, we are Georgia attorneys with 40 years of combined experience helping clients gain a second chance after financial hardship. Our lawyers offer personalized attention while working diligently to eliminate many different kinds of debts, including credit card bills, medical expenses and some types of loans. Relief might even be available for certain tax debts. When you feel there is no place to turn, our firm will show you how Chapter 7 bankruptcy can help.
Accomplished counselors outline the law relating to debt discharge
Chapter 7 is the most common form of bankruptcy in the United States, but we take the time to determine if it is right for your situation. Our firm explains key aspects of this process, so that you understand issues such as:
- Eligibility requirements — Debt discharge is a serious remedy that is only available if your income and assets show that you cannot repay your obligations in other ways. If you don’t qualify under this means test, Chapter 13 bankruptcy might be a more suitable option. You might also be barred from seeking Chapter 7 relief if you received a debt discharge within the past eight years or a repayment plan in the last six years.
- Protecting your home and car — Many people hesitate to seek a Chapter 7 bankruptcy because they’re worried about losing their home, car or other personal items. Usually, this is not the case. Though certain assets might be sold off to repay creditors, most people are able to retain essentials such as their house, vehicle, clothing and retirement accounts.
- Business Chapter 7 — Chapter 7 bankruptcy can provide many small business owners with the relief they need when they choose to liquidate their assets and wind down operations.
To discover what bankruptcy options are available to you, contact us today for a free confidential consultation.
Spalding County attorneys guide clients through the Chapter 7 process
There’s no need to be intimidated by the Chapter 7 bankruptcy process. We are qualified advocates who will guide you through each step, including:
- Filing and automatic stay — As soon as you file a Chapter 7 bankruptcy, your creditors are no longer permitted to contact you or take legal action against you. This can stop your wages from being garnished, keep your utilities running, and prevent your bank accounts from being levied.
- Creditor meeting — In most bankruptcies, this is the only time that you need to go to court. The trustee appointed to your case convenes a meeting between you and your creditors where specific claims are discussed along with your ability to repay your obligations.
- Discharge of nonexempt debts — When the process concludes, many of your debts are eliminated forever. However, certain obligations are exempt from this discharge, including most student loan payments, many taxes, alimony, and child support.
No matter how complex or desperate your situation seems, we have the experience and compassion to ease your financial and emotional burdens.
Contact a dedicated Georgia Chapter 7 bankruptcy attorney for a free initial consultation
Thacker & Dutton Law Firm, LLC represents Georgia clients in Chapter 7 liquidation proceedings and other bankruptcy matters. Please call 770-229-9593 or contact us online to schedule a free initial consultation at our office in Griffin.