Augusta Chapter 7 Bankruptcy Lawyer

Let Us Help You Get Out from Under Your Debt

Nobody thinks they are ever going to have to file for bankruptcy. Isn't bankruptcy what happens to people who have absolutely nothing left? Doesn't bankruptcy ruin your credit forever? These are false beliefs that, unfortunately, many people think are true.

In reality, filing for bankruptcy can be life-changing in the best way possible! If you're struggling to keep your head above water, bankruptcy can be your chance for a brand new beginning—and our Augusta Chapter 7 bankruptcy lawyers at the Law Firm of Seymour and Associates, P.C. can help you through.

Chapter 7 is a commonly used legal tool to assist clients through their financial situation. Though the circumstances that could have led to a bankruptcy filing can be emotionally charged such as:

• The loss of a job
• A divorce
• A medical emergency

Our firm offers professional and practical advice and legal representation to assist you through your case.

Filing Chapter 7 in Georgia – What Are the Benefits?

If you have accumulated a large amount of debt that you are unable to repay and the harassing calls from debt collectors will not stop, then you could be a good candidate for Chapter 7 bankruptcy.

Augusta residents who file for Chapter 7 bankruptcy typically do not have jobs or a reliable source of income. The bills keep coming and they simply do not have the ability to pay them.

Some common debts that can be erased in a Chapter 7 case include:

• Credit card debts
• Car loans
• Medical bills
• Personal loans
• Past-due utility bills

Additionally, filing for bankruptcy institutes the automatic stay. This stay prevents creditors from continuing most collection actions, including wage garnishments.

Exempt Property and Assets in Chapter 7

Contrary to what people may say, you do not have to lose a home or car when you file Chapter 7 bankruptcy in Georgia. The state of Georgia offers several exemptions, allowing you to keep your needed property and assets.

Exemptions in a Georgia bankruptcy include:

• $21,500 in real estate or personal property
• $5000 in value for a motor vehicle
• 75% of all earned, unpaid weekly wages
• $1500 in value for tools of your trade
• Alimony and child support

These are just a few of the available exemptions to Chapter 7 filers. We know how to protect your assets while eliminating your debt.

Income Earned After Filing Chapter 7

Because chapter 7 bankruptcy is based on the financial situation you were in when you filed, your income earned afterwards does not affect your status. Your wages earned after filing will not be considered in your bankruptcy estate and cannot be used to pay back your creditors. In certain cases, if your inc

Qualifications for Chapter 7

Before you consider filing for bankruptcy it is important to determine whether it is the best option for you and if you are eligible for it. Our bankruptcy attorneys in Augusta can help you determine whether you qualify or not during the process.

In order to continue with Chapter 7 bankruptcy you must be able to pass the Means Test. The means test determines whether you qualify for Chapter 7 bankruptcy based on your income. If your average income from the last 6 months is lower than the average median household income in Georgia then you can file for Chapter 7.

How to File for Chapter 7 Bankruptcy

Filing for Chapter 7 starts with the bankruptcy petition, which lists what you earn, spend, and owe. If you are currently employed, you will also submit pay stubs and recent tax returns to the bankruptcy court.

A bankruptcy trustee will review what you have submitted. They will then schedule a meeting, where you will go over some clarifying questions. You will also take a credit counseling course and debtor education course.

Chapter 7 bankruptcy takes anywhere between four to six months to complete. After this time, you will receive a letter confirming your bankruptcy discharge.

Free Bankruptcy Consultations!

Dealing with debt can seem very lonely, but it doesn't have to be when you work with Seymour and Associates. Our Chapter 7 Bankruptcy attorneys are extremely sensitive to how you're feeling right now and we will use our more than three decades of experience in bankruptcy law to help you get your life back on track.

Bankruptcy law is one of the most complicated forms of law in the United States. It is important to educate yourself, but you should not handle a bankruptcy filing without professional legal assistance. Our firm only handles Chapter 7, Chapter 13, and student loan cases, so you can rest easy knowing that you are in good hands.