Atlanta Lawyers Handling Chapter 7 Bankruptcy
Let Our Team Help You Toward Freedom from Debt
Don't let debt control your life anymore - filing for bankruptcy today is a safe, legal, and quick way to help you on your way to a future free from financial burden. Chapter 7 bankruptcy, especially, can help you settle your debts in a timely and neat fashion. However, knowing if Chapter 7 is the right type of bankruptcy for you in the first step you must take. If you are unsure how to proceed, reach out to the skilled Atlanta bankruptcy attorneys at Khoshnood Law Firm, P.C. and we can help you get started.
Contact us now to get the comprehensive legal advice that you need.
The Means Test
The Means Test is the determining factor that will help you understand whether you can go through Chapter 7 or not. In this financial assessment, your monthly disposable income will be measured along with other factors. Should your income be low enough, you may be eligible to file for Chapter 7 bankruptcy.
Liquidating Assets to Settle Debt
Chapter 7 bankruptcy deals primarily with the liquidation of assets. This means all nonexempt property will be forfeited in order to pay off any outstanding debts. In most cases, you will still be allowed to keep your car and home. In addition, when you go through bankruptcy, you benefit from an automatic stay, which protects your home from foreclosure and also stops harassing calls from creditors altogether.
The following types of debts can be discharged through Chapter 7:
- Medical bills
- Credit card debt
- Personal loans
- Expenses related to lawsuits
- Unsecured business debts
- Expenses related to contracts
- Expenses related to leases
- Promissory notes
Get Our Attorneys on Your Side
At Khoshnood Law Firm, P.C., our Atlanta bankruptcy lawyers can offer you a simple solution to your financial issues. In addition, initial consultations with our team are complimentary, and we offer unlimited in-office visits for our clients.
Call (404) 978-4411 today to schedule your free case evaluation at our firm.