Chapter 7 of the U.S. Bankruptcy Code is designed to give consumers a fresh start. If you are in debt and cannot seem to find a clear path to clearing that debt, Chapter 7 may be your best option.
Consumers must pass a means test, participate in education about debt, and file the proper paperwork with the courts. While some debts including child support, most taxes, and student loans may not be eligible for discharge, you can still find substantial relief by filing bankruptcy.
In most cases, you will not be forced to sell your home or automobile. Additionally, if you are facing the potential of losing your home or car, filing bankruptcy can stop that process. You could even have wage garnishments suspended if you file bankruptcy.
We understand your intention is to repay all debts you owe but sometimes it makes more sense to seek bankruptcy protection and get a fresh financial start. If you live in Gwinnett County or the surrounding areas, contact Parker Law Firm and let us review your current financial status and help you determine if Chapter 7 bankruptcy can help you get a fresh start.