Are you considering filing for bankruptcy in Georgia? If so, you may be wondering what the process entails and whether it is the right decision for you. This blog post will provide an overview of chapter 7 bankruptcy in Georgia so that you can make an informed decision about your financial future. 

Chapter 7 bankruptcy is also known as liquidation bankruptcy. It is the most common type of bankruptcy filed in the United States. If you file for chapter 7 bankruptcy, a court-appointed trustee will oversee the sale of your non-exempt assets and use the proceeds to pay off your creditors. In most cases, chapter 7 bankruptcies are over within four months. 

Eligibility for Chapter 7 Bankruptcy in Georgia



To be eligible for chapter 7 bankruptcy in Georgia, you must pass the means test. The means test is used to determine whether your income is low enough to qualify for chapter 7 bankruptcy. 

If your income is below the median income for a household of your size in Georgia, you will automatically qualify for chapter 7 bankruptcy. If your income is above the median income, you may still qualify if you can demonstrate that you have little to no disposable income after paying for essential living expenses. 

Benefits of Chapter 7 Bankruptcy

There are several benefits to filing for chapter 7 bankruptcy. First, it will allow you to discharge most of your debts. This means that you will no longer be legally obligated to repay those debts. Second, it will stop creditors from harassing you with phone calls and letters. Third, it will give you a fresh start financially. 

Once your bankruptcy case is over, you will be able to rebuild your credit and make a new start. However, it is important to note that not all debts can be discharged through chapter 7 bankruptcy. Debts that cannot be discharged include child support payments, student loans, and taxes owed to the government. 

Filing for Chapter 7 Bankruptcy in Georgia

If you are considering filing for chapter 7 bankruptcy in Georgia, it is important to seek legal assistance from an experienced attorney. The process can be complicated and confusing, and an attorney can help ensure that everything is done correctly.

At The Boone Firm, PC we have extensive experience handling bankruptcies in Georgia. We can guide you through every step of the process and help ensure that everything is done correctly. Contact us today to schedule a consultation with one of our attorneys. 

Filing for chapter 7 bankruptcy can provide relief from overwhelming debt and a fresh start financially. However, the process can be complicated and confusing. An experienced attorney can guide you through every step of the process and help ensure that everything is done correctly. Contact The Boone Firm, PC today to schedule a consultation with one of our attorneys