Chapter 7-Liquidation Bankruptcy
Chapter 7 cases are liquidation or fresh start bankruptcies. These
cases are designed for Debtors with few, if any, assets (property)
or equity (value of an item above the debt on the item). A Chapter
7 case allows the Debtor to liquidate (or wipe away) most unsecured
debt, such as credit card bills, medical expenses, old utility bills,
auto deficiencies (balances from repossessions), etc.
As a Chapter 7 Debtor, you can make arrangements to keep (reaffirm)
certain things, such as a home or vehicle (secured debt) if you
meet certain requirements, (including, but not limited to, proper
insurance and maintenance of payments). However, certain debts are
rarely, if ever, dischargeable, such as recent tax debt, student loans
and child support obligations.
A Chapter 7 case takes approximately 5 months from beginning (filing)
to end (discharge) and an entry regarding the filing will remain
on your credit history for 10 years. Once you have received your
discharge, you may begin to reestablish your credit. |
Please fill out and submit the form below and we will contact you shortly.
S.S. Brown & Associates, P.C.
4296 Memorial Drive, Suite D
(located in Park Plaza, beside the Kensington
Marta Station)
We are open:
Mon, Wed, Thur: 9AM – 5PM
Tuesday: 9AM - 7PM
Friday: 9AM - 3PM
On call Saturdays: 10AM - 2PM
Evening and Weekend Appointments Available
Telephone: (404) 297.2077
Fax: (404) 297.2011 |