Cobb County Chapter 7 Bankruptcy Attorney

Seeking Debt Relief in Georgia?

Dealing with debt and filing for bankruptcy can be overwhelming. If you are searching for a solution that will allow you to move forward and recover from your debt, do not hesitate to contact The Purcell Law Firm, P.C. We recognize that you are probably going through a stressful time in your life, but this does not mean you have to lose hope.

There are methods, such as Chapter 7 bankruptcy, meant to give you a chance at a fresh start. 
We want to help you get your second chance. 

Why Put Your Trust in Our Firm?

When you are considering filing for bankruptcy, it is important that you seek guidance from someone who is well-versed and experienced in the field. Our Cobb County bankruptcy attorney has been handling bankruptcy cases for years, during which he gained an extensive understanding of what it takes to help his clients obtain a debt-free future.

Some of the practices we implement to put clients first include:

• We keep our caseload small so that every client will receive the upmost level of individualized attention they deserve.
• We don't just handle the paperwork— we prepare our clients for life after bankruptcy because we truly care about seeing them move on to a better and brighter future.
• We help our clients plan how to repair their credit so they can immediately begin rebuilding their credit score after filing.
• Clients always work directly with our lawyer rather than having their case handed off to an assistant or paralegal.

We believe that our clients always come first, and we demonstrate this by maintaining high standards of client-focused care and professionalism.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is often referred to as liquidation bankruptcy because a trustee must collect all non-exempt assets (properties deemed non-essential to living) and then sell them to repay all or a majority of the debts. Many people who file for Chapter 7 bankruptcy have high amounts of credit card debt, various other unsecured bills, and few assets to their name.

The State of Georgia requires that you participate in credit counseling prior to filing for Chapter 7 bankruptcy. You must prove that you received credit counseling from an agency approved by the U.S. Trustee in Georgia within 6 months before you file. You must also complete the bankruptcy petition, multiple other mandatory forms, and file said forms in the appropriate Georgia bankruptcy court. In addition, a means test is required.

Qualifying for Chapter 7 Bankruptcy - The Means Tests

A means test compares your income to the median household income of your size in Georgia. If your income is less than the median, you will qualify for Chapter 7 bankruptcy. If your income is over the median income amount, you may still be able to file—but you must provide detailed information regarding your expenses and payments relating to secured debts. Depending on the types of debt that you owe and the results of your means test, filing for Chapter 13 bankruptcy may be more beneficial for you.

Advantages of Chapter 7 Bankruptcy

If you are unsure about filing for a Chapter 7 bankruptcy, there are a number of benefits to take into consideration:

• Efficiency: A typical case can be opened and closed within three to six months.
• Keep your property: Although it is possible to lose property, most filers do not. In most circumstances, you will be able to keep your home and your car.
• No need to repay your debt: There is no requirement to repay any of the debts you owe.

While Chapter 7 bankruptcy is beneficial and the filer emerges from the process debt-free, there are certain types of debt that cannot be discharged. These include mortgages, car payments, student loans, recent taxes, and unpaid child support.

We Can Help You File Today

Over the years, our team has helped hundreds of people throughout Cherokee and Cobb County file for Chapter 7 bankruptcy. You do not have to work through this process on your own! See how you may benefit from retaining our services by giving our firm a call.

Our team can help determine if you qualify for Chapter 7 bankruptcy, and assist you throughout the entire process. Contact us for a free evaluation or submit an online form !