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With 20 years of experience working with clients from all walks of life, Craig Black is in the perfect place to determine your best path forward.
We take the time to get to know you and your unique circumstances, because we want to serve you well. Because when it comes to debt relief the details really do matter.
Craig Black Law Firm Locations
100 Hartsfield Centre Parkway
Atlanta, Georgia 30354
1775 Parker Road,
Building C Suite 210
Conyers, Georgia 30094
1000 Parkwood Cir SE
Atlanta, Georgia 30339
5555 Glenridge Connector,
Sandy Springs, GA 30342
What is Chapter 7 Bankruptcy in Georgia?
Chapter 7 bankruptcy is for those who can't make regular payments to pay off their debt. It allows you to wipe out most of the debt that isn't secured – like credit cards, for instance. It is sometimes called a “liquidation” bankruptcy, because you will sell some of your assets for cash to pay off debt. The goal is a fresh financial start. (Source: irs.gov)
Here are a few details:
- Chapter 7 will end most, or even all, of your debt
- It can stop the debt collection phone calls, garnishments, liens, repossessions, and foreclosures
- You might have to give up some of the things that you owe money on
- Your car and home will remain in your possession provided you have no equity
- Chapter 7 isn't as harmful to your long-term credit score as many people think
Will Chapter 7 Wipe Out All My Debts?
Possibly! When your Chapter 7 bankruptcy is done, you will receive a “discharge of debt” – a document that says you are no longer required to pay certain debts back, like credit cards, medical bills, overdue utility bills, personal loans, old tax debt, and deficiencies on repossessed vehicles.
However there are some debts you may still have to pay, such as child support and alimony payments, student loans, criminal restitution, debts for personal injury/death resulting from a DUI/DWI, and certain taxes. Some of these debts can be handled with a Chapter 13 reorganization.
We will help you understand whether you qualify for Chapter 7, and if so, which debts you may still be responsible for.
Chapter 7 vs Chapter 13 Bankruptcy?
What's the difference? Under Chapter 13, an individual with a regular paycheck can create a plan to repay all or part of their debts. This is seen as a reorganization of your debt to make it easier to pay off, while Chapter 7 is seen as a liquidation or cancellation of debt that cannot be repaid.
We can help you determine whether Chapter 7 or Chapter 13 Bankruptcy is right for you.
Should I File for Bankruptcy?
If you have mounting debt that could lead to repossession or foreclosure, bankruptcy may be your best option. But it takes a skilled and experienced bankruptcy attorney to determine what you qualify for.
In your initial consultation with The Craig Black Law Firm LLC, we will take a look at your financial situation and give you options. You'll also discuss the up and downsides of filing bankruptcy, so you will have all the information you need to be comfortable with your decision.
Once you choose your path out of financial distress, we will explain the information needed from you, and how everything will work. We'll then walk with you through the entire process.
Wondering whether you qualify for Chapter 7 or Chapter 13 bankruptcy? Sign up for a Free Consultation with Craig!
How Long Does The Bankruptcy Process Take?
Most debtors who decide to file Chapter 7 are able to complete the process in 90 days after filing. Here's how the process works:
- We start by collecting all the information we need
- We prepare all the documents needed
- You review the documents with us and sign them
- We file the documents with the court
- 30 days later, you will attend a meeting with us and the bankruptcy trustee
- In most cases, after 60 days your debts will be discharged
How Can I Find a Reputable Chapter 7 Lawyer Near Me?
You don't need to look any further than The Craig Black Law Firm LLC. We have been helping individuals and families get out from under the pressure and stress of debt since 2002. Personal attention and expert legal service make us the perfect choice! Let us help you regain your financial freedom. See our reviews!