Chapter 7 Bankruptcy Lawyers | Alpharetta, Cumming, Roswell, Johns Creek, Milton, Atlanta-Metro Area

Consultation_GraphicGeorgia Chapter 7 Bankruptcy Lawyers

Phone: 770-609-1247

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In a Personal Chapter 7 Bankruptcy case, you will usually be able to totally discharge the following types of debts:

  • Georgia Chapter 7 Bankruptcy Lawyers (Personal Bankruptcy and Business Bankruptcy) Credit Card Debts
  • Store Charge Accounts
  • Medical and Dental Bills
  • Certain Kinds of Past Due Tax Obligations
  • Contract Obligations
  • Secured Loans
  • Unsecured Personal Loans
  • Mortgages, Home Equity Lines of Credit (HELOCs)
  • Most Types of Law Suits & Judgments

Personal bankruptcy includes cases filed by single people, either spouse if married, and married couples.  A discharge completely extinguishes the debt, meaning that the creditor can never ask you to pay the debt in the future.  In addition, the creditor cannot take any action to collect the debt in the future. See 11 U.S. Code § 727 – Discharge.

There are other types of debts that may be able to be discharged.

In Georgia, the bankruptcy property exemptions laws allow the vast majority of people who file a Chapter 7 bankruptcy to keep all of their personal belongings, including their cars and home.  Technically, under Chapter 7 bankruptcy law, a bankruptcy Trustee takes control of all property that is not protected by the Georgia bankruptcy exemptions law.

As stated above, most people that file bankruptcy get to keep all of their property because it is protected by the exemptions afforded for the law.  Most debtors receive a discharge of their debts with three (3) to four (4) months of the filing of their case. However, in more complex cases it may take longer to get a discharge.  The bankruptcy stay will protect the debtor from all collection activity by debtors unless a special order is issued by the bankruptcy court.

Business Chapter 7 Bankruptcy

In a business Chapter 7 bankruptcy case, the business is liquidated (all the assets are sold) for the benefit of creditors.  Businesses are “liquidated” in a Chapter 7 bankruptcy case and do not receive a discharge.  For a business to file bankruptcy, the business has to be officially organized as a Corporation, Limited Liability Company, or some other type of recognized form of organized business.  Sole proprietors should consider filing a personal bankruptcy case if needed.

When a business files a Chapter 7 bankruptcy, the business should immediately stop all business operations and for all practical purposes, it goes completely out of business.  However, the owner(s) of the business can start a new business at anytime before, during or after the bankruptcy case.  A bankruptcy Trustee is appointed to “liquidate” (sell) the company’s assets and the money is used to pay off business debts.  Business debts may include money owed to creditors, investors and even a sole owner.

Businesses are not generally allowed to retain any assets in Chapter 7 bankruptcy, but the Trustee may decide to “abandon” certain assets if the liquidation of the asset is more expensive than it is worth.  Examples of property that may be abandoned by a bankruptcy Trustee may include, but is not limited to: old computers, office supplies, and old business furniture.  In most small business bankruptcy cases, no assets are actually liquidated because the value of the assets is de minimis, having little to no liquidation value (Examples:  Furniture, Unsold Inventory, Computers, Office Supplies).

As a court approved debt relief agency, we help people file for bankruptcy relief under the U.S. Bankruptcy Code. United States Bankruptcy Code pursuant to Section 528(a)(4).

Bankruptcy, Personal and Business Cases – Georgia Areas We Serve

Our Georgia bankruptcy lawyers and attorneys handle cases in the following cities and communities:  Atlanta, Alpharetta, Roswell, Duluth, Johns Creek, Milton, Cumming, Suwanee, Marietta, Woodstock, Sandy Springs, Kennesaw, Gainesville, Midtown Atlanta, Norcross, Lawrenceville, Kennesaw, Duluth, Buckhead, Dunwoody, Vinings, Smyrna, Buford, Inman Park, Old Fourth Ward, Decatur, Grant Park, East Atlanta and the Virginia Highlands.

Our Georgia bankruptcy lawyers and attorneys frequently handle cases for clients residing in the following counties:  Fulton, Gwinnett, Forsyth, Cobb, DeKalb, Henry, Cherokee, Douglas, Carroll, Coweta, Paulding, Bartow, Hall, Barrow, Walton, Newton, Rockdale, Henry, Spalding, Fayette and Clayton.

Our main office is located in Alpharetta Georgia at: 5755 North Point Parkway, Suite 51, Alpharetta, GA 30022.  We also have offices conveniently located at:

Alpharetta Georgia
North Point Park
5755 North Point Parkway
Suite 51
Alpharetta, GA 30022
Phone: 770-609-1247 | Map
Atlanta Georgia
Colony Square
1201 Peachtree Street, 400
Colony Square, Suite 200
Atlanta, GA 30361
Phone: 770-609-1247 | Map
Dunwoody, Sandy Springs
GA 400, Atlanta Georgia
1200 Abernathy Rd
Building 600
Atlanta, GA 30328
Phone: 770-609-1247 | Map
Cumming Georgia
The Avenue Forsyth
410 Peachtree Parkway
Building 400, Suite 4245
Cumming, GA 30041
Phone: 770-609-1247 | Map
Johns Creek, Duluth GA
11555 Medlock Bridge Road
Suite 100
Johns Creek, GA 30097
Phone: 770-609-1247 | Map
Duluth Georgia
Sugarloaf
2180 Satellite Boulevard
Suite 400
Duluth, GA 30097
Phone: 770-609-1247 | Map
Kennesaw Georgia
TownPark Center
125 TownPark Drive
Suite 300
Kennesaw, GA 30144
Phone: 770-609-1247 | Map
Lawrenceville
Huntcrest
1755 North Brown Road
Suite 200
Lawrenceville, GA 30043
Phone: 770-609-1247 | Map

WE ARE A DESIGNATED DEBT RELIEF AGENCY, HELPING CONSUMERS FILE FOR DEBT RELIEF UNDER THE BANKRUPTCY CODE.

Copyright © 2021 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 51 • Alpharetta, Georgia 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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