Atlanta Chapter 7 Bankruptcy Lawyers
Let Our Team Help You Obtain Freedom from Debt
Don't let debt control your life anymore. Filing for
bankruptcy is a safe, legal, and quick way to help you on your way to a future free
from financial burden. Chapter 7 bankruptcy, especially, can help you
settle your debts in a timely and neat fashion. However, knowing if Chapter
7 is the right type of bankruptcy for you is the first step you must take.
If you are unsure how to proceed, reach out to the skilled Atlanta bankruptcy
attorneys at Khoshnood Law Firm, P.C. and we can help you get started.
now to get the comprehensive legal advice that you need.
The Means Test
The means test is the determining factor in knowing whether you can go
through Chapter 7 or not. In this financial assessment, your monthly disposable
income will be measured along with other factors. Should your income be
low enough, you may be eligible to file for Chapter 7 bankruptcy.
Liquidating Assets to Settle Debt
Chapter 7 bankruptcy deals primarily with the liquidation of assets. This
means all nonexempt property will be forfeited in order to pay off any
outstanding debts. In most cases, you will still be allowed to keep your
car and home. In addition, when you go through bankruptcy, you benefit
from an automatic stay, which protects your home from foreclosure and
also stops harassing calls from creditors altogether.
Many types of debt can be discharged through Chapter 7, including:
- Medical bills
- Credit card debt
- Personal loans
- Expenses related to lawsuits
- Unsecured business debts
- Expenses related to contracts
- Expenses related to leases
- Promissory notes
Get Our Atlanta Chapter 7 Attorneys on Your Side
At Khoshnood Law Firm, P.C., our Atlanta bankruptcy lawyers can offer you
a simple solution to your financial issues. In addition, our firm's
initial consultations are complimentary, and we offer unlimited in-office
visits for our clients.
Call (404) 978-4411 today to schedule your free case evaluation
at our firm.