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chapter 7 Archives

Is Chapter 7 or Chapter 13 best for you?

The main types of bankruptcy that can be filed for by individuals in Georgia are Chapter 7 bankruptcy and Chapter 13 bankruptcy. If you've never used bankruptcy before, you need to know the key differences to decide which one is right for you. They both offer advantages and disadvantages, and every situation is different.

Financial information needed when filing for Chapter 7

When debt in Georgia is overwhelming, you may want to consider Chapter 7 bankruptcy. This is a type of bankruptcy that liquidates a good portion of your assets -- some things are exempt, though, as the goal of bankruptcy isn't to make you homeless and entirely broke, but to give you a fresh start -- and then eliminates your debt.

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