Chapter 7 Bankruptcy Attorneys With Offices In Augusta, Dublin and Statesboro

Chapter 7 Bankruptcy Attorneys With Offices In Augusta, Dublin and Statesboro

Chapter 7 bankruptcy can be a good option for people who have large amounts of unsecured debt such as credit card debt or medical bills that they want to eliminate. Many people wrongly assume that they will lose everything they own after filing for Chapter 7 bankruptcy. This is a long-standing myth about Chapter 7 that is completely untrue. The law was not written to leave you out on the street with nothing. It was written to give you a fresh start without the burden of unmanageable debt holding you back.

At the law firm of Claeys, McElroy-Magruder & Kitchens, our Augusta Chapter 7 bankruptcy lawyers are dedicated to helping people take back control of their finances. When you decide on Chapter 7, we will be there with you at every step from completing the means test to obtaining your final discharge. Our only concern is to see that you receive the debt relief you need and are entitled to by law.

What Property Do I Get To Keep In A Chapter 7?

In a Chapter 7, nonexempt property can be sold by the trustee to raise money to repay your creditors. Under the law, debtors are allowed to keep certain assets that are deemed necessary to live a normal, productive life. These assets are protected and cannot be taken and sold by the trustee at auction. The assets you get to keep in a Chapter 7 may include your home, your car, household furnishings, tools for your job, retirement accounts and others.

It is important to note that, in the majority of Chapter 7 cases, most people don’t lose anything. The trustee usually decides that there is nothing that would be worthwhile to sell at auction. This is frequently due to the fact that the debtor owes more on the asset than it is worth, or the asset is protected regardless of the value. In these cases the debtor gets to keep all of his or her property, and the bankruptcy moves directly to the discharge stage. These are frequently referred to as “no-asset” cases.

Respected Fresh Start Bankruptcy Lawyers With Offices In Augusta, Dublin And Statesboro

We will help you understand your bankruptcy exemptions and work with you to ensure that Chapter 7 is the best solution for your needs. Contact us today for a free bankruptcy consultation with an attorney. We have offices in Augusta, Dublin and Statesboro as well as a mobile office to serve you. We are available during regular business hours and by appointment evenings and weekends.

Call One Of Our Three Convenient Georgia Offices

Contact Us for a free consultation

Augusta: 706-724-6000

Dublin: 478-275-8311

Statesboro: 912-764-7000

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.