Chapter 7 bankruptcy, or “straight bankruptcy,” is the most common type of bankruptcy. This chapter of bankruptcy is ideal for individuals who make below the medium income of the state of Georgia.
The goals in a Chapter 7 case are to retain exempt property and discharge as many debts as possible. Does this sound like the right option for you? Call Brannen Law Firm in Morrow, Sandy Springs and Stockbridge, GA today for a free and confidential consultation.
No two people have the same kind of debt. Debt can be accrued on credit cards, loans, mortgages and in other manners. Where is the majority of your debt?
If you file for Chapter 7 bankruptcy, you can typically discharge most debts, except for: