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Georgia Bankruptcy Lawyers

Filing Personal Bankruptcy in Georgia May Provide Debt Relief

Don't let debt dominate your life. Filing bankruptcy in Georgia may provide the debt relief solution you need to regain control of your finances and your future.

Why bankruptcy? When you successfully file Chapter 7 or Chapter 13 bankruptcy, you have the power to silence creditors and stop wage garnishment, repossession, foreclosure and lawsuits, thanks to the power of bankruptcy's automatic stay.

Discuss your situation with a local Georgia bankruptcy attorney. Together, you can decide what options are available to help you and your family overcome this difficult situation. Simply fill out the free form below or call 877-833-2410 to talk with a lawyer today.

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Chapter 7 & Chapter 13 Bankruptcy Options

If you decide to file personal bankruptcy in Georgia, there are two main options available to you: Chapter 7 and Chapter 13.

Chapter 7 bankruptcy is a straight debt elimination that can wipe out credit card debts, medical debts, payday loans, personal loans and more.

Chapter 13 bankruptcy is a reorganization that can combine unpaid mortgage debts, auto loans and other "secured" debts into one manageable payment, based on your household budget.

Chapter 7 Bankruptcy in Georgia

In order to file Chapter 7 bankruptcy, you'll have to meet certain requirements, which may include a means test that compares your income to the state median income. If you are unable to file Chapter 7, you may still qualify for Chapter 13 bankruptcy.

In a Chapter 7 bankruptcy, some possessions may be taken by the bankruptcy and sold to repay your creditors. However, Georgia bankruptcy laws allow for some items to be protected from sale. These bankruptcy exemptions include:

  • Up to $10,000 in real estate, or up to $20,000 for a married filer.
  • Up to 75% of weekly income.
  • Up to $5,000 in household furniture and goods.
  • Motor vehicles totaling $3,500
  • Up to $1,500 in professional tools
  • Full amount of some retirement and insurance benefits

Because of the nature of Chapter 7 bankruptcy, many Chapter 7 filers are completely protected by these exemptions, and do not have to surrender any property to the bankruptcy court. Get the full facts about Georgia bankruptcy exemptions by speaking with a bankruptcy attorney today.

Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.

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