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The Bankruptcy Process We Can Help You Find out Whether Bankruptcy Is Right for You

An Overview of the Bankruptcy Process

Bankruptcy Attorney in Roswell

The process of filing for bankruptcy is often a complicated one, and varies depending on the type of bankruptcy that one is filing for. At The Sherman Law Group, we are very familiar with all bankruptcy types, and the steps that one must take in order to file for them. We have gained this experience by helping countless individuals in their bankruptcy cases, allowing them to attain their goals of financial freedom.

We are available to help you if you live in the following areas:

If you would like more information on bankruptcy, and how it works, contact a Roswell bankruptcy attorney at our offices, and we will help you come to a decision regarding whether or not it is the right choice for you.

The bankruptcy process differs depending on whether you are filing for Chapter 7 or Chapter 13. The steps in each process are as follows:

  • Chapter 7 - involves taking a “means test” prior to filing, which establishes the validity of your financial hardship. Generally, if you pass the test, you will be able to successfully file with the court. Once you have done so, you will have a creditors meeting, in which your debt, and the bankruptcy, is discussed with your creditors. Any disputes they have regarding the discharge of your debt will take place at this meeting, and subsequent meetings, if necessary. Upon successful completion of the means test, you will likely see your eligible debt discharged by the court within 75 days.
  • Chapter 13 - does not require a means test to file, but you must be able to establish that you have the income necessary to fund the payment plan you will be entering into. Once you have filed, you will work out this payment plan with the bankruptcy court. Following that, you will have a creditors meeting to discuss the specifics of the plan with your various creditors. If there are no disputes, the meeting concludes, and you will enter into the plan shortly thereafter. The time-frame for completing the payment plan depends on the amount of debt you possess, but typically it takes between 3 and 5 years.

Are you struggling financially?

Bankruptcy caters to individuals in almost all manner of serious financial situations, but it is not for everyone. Before you make a decision regarding bankruptcy, it is to your benefit to consult with an experienced attorney who can review your financial circumstances and advise you on the best way to proceed. Should you decide to file for bankruptcy, they can also help you determine with method is right for you.

Contact a Roswell bankruptcy lawyer who can assist you in each step of the bankruptcy process, and help you work towards your goal of a debt-free life.