Chapter 7 Bankruptcy: Is It Right For You?

When facing large debt, many individuals fear they will lose everything. Most people spend many sleepless nights wondering what to do next. Sadly, many of the actions people take in an attempt to eliminate debt only result in making matters worse.

Often when people attempt to deal with their debt by taking out additional loans, they end up creating additional debt. Failure to make their payments will result in penalties and higher interest rates.

With over 20 years of experience, I will work with you to find the best possible option available for you or your business. I have a deep understanding of filing discharge debt, stopping wage garnishments and putting an end to harassing telephone calls.

Also, you won’t be burdened by paperwork. I will handle all the necessary paperwork and be your legal voice during your Chapter 7 bankruptcy proceedings. Learn more today in a free consultation with Lisa D. Loftin, PC. I serve Spalding County as well as people throughout Georgia.

What Is Chapter 7 Bankruptcy?

While both Chapter 7 bankruptcy and Chapter 13 bankruptcy exist to assist individuals facing insurmountable debt, these two types of bankruptcy are very different from each other. Under Chapter 7 bankruptcy, a trustee collects and liquidates certain property in order to pay your creditors.

However, under the bankruptcy rules, much of your property is exempt from such liquidation. These exemptions permit you to file bankruptcy without losing that property. When filed correctly, Chapter 7 bankruptcy allows you to receive a fresh financial start while having all of your debts forgiven.

Legal Guidance You Can Count On

As your attorney, I will help you decide if Chapter 7 bankruptcy is your best option. I have been involved in the filing of thousands of bankruptcies for Georgia filers. You can put your trust in me that I will provide you the correct guidance and legal representation.

Call my Griffin and Carrollton offices at 770-227-0110 to set up your free initial consultation to discuss your circumstances.

I am a debt relief agent. I help people file for bankruptcy relief under the Bankruptcy Code.