Choosing to file for bankruptcy can be a difficult decision, but living under the weight of debt can be debilitating. Further, bankruptcy can be a confusing area of law and there are many myths and misinformation floating around about bankruptcy.
Here at the Law Offices of Barbara B. Braziel we help hundreds of families, just like yours, file for bankruptcy protection every year.
Chapter 7 Bankruptcy Explained
Chapter 7 Bankruptcy eliminates credit card debts, medical debts, and other types of debt. In fact, Chapter 7 eliminates most unsecured debts. Unsecured debts are debts that are not backed by anything. Meaning they do not have property attached as collateral.
It is our mission to ensure that you understand the power and benefits of Chapter 7 bankruptcy. We’re here to answer all of your questions. Call us right now (912) 351-9000 to schedule a free consultation.
Benefits of Chapter 7 Bankruptcy
- Erases most unsecured debts: including credit card debt and medical bills.
- Stops all collection action.
- Stops harassing phone calls from creditors.
- Stop wage garnishments and bank levies.
- Stops lawsuits filed by creditors.
- Depending on your specific situation you will most likely be able to keep your car and your home. It is more likely that you can keep your car or home if your payments are current and there is not significant equity.
Chapter 7 bankruptcy might be the solution to your debt problems. However, depending on your specific case, you may still owe on some debts after bankruptcy, such as newer tax debts and student loans. Also, Chapter 7 cannot help you catch up on mortgage arrears or missed car payments (though Chapter 13 bankruptcy can).
Filing for bankruptcy will adversely affect your credit score in the short term; however, if you have already fallen behind on paying your debts, your score has likely already decreased.
Qualifying for Chapter 7 Bankruptcy
Qualifying for Chapter 7 bankruptcy was made more difficult in 2005 when congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). To qualify for Chapter 7 debtors must have an income below the state median for their household size, or if above the median, must pass the Means Test.
When you hire us to represent you, it is our job to determine if you are eligible for bankruptcy relief.
Costs of Filing Chapter 7 Bankruptcy
Those costs of filing for Chapter 7 include: court filing fees, mandatory credit counseling fees, and attorneys fees.
When we meet for a free consultation, we will go over all of the costs together. There will not be any surprise fees or costs down the road.
After Filing for Bankruptcy
At the conclusion of a Chapter 7 bankruptcy you will not be buried under the weight of debt. You will no longer receive harassing phone calls from creditors. You will have a fresh start. Contact us today to schedule a free consultation to learn how bankruptcy can help you and your family.
The Law Offices of Barbara B. Braziel proudly serves Savannah, Richmond Hill, Hinesville, Pooler, Port Wentworth, Tybee Island, Clyo, Ellabel, Midway, Ludowici, Springfield, Pembroke, Brooklet, and Garden City, GA.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.