Chapter 7 bankruptcy discharges you from liability for the majority of your debts, stops creditors from  trying to get their money back through collections, and gives you a fresh financial start.

Chapter 7 bankruptcy is a wise choice for Atlanta residents. It cuts a majority of your debts, namely credit card debts and other nonexempt debts. There are some debts which cannot be discharged, including mortgage, car payments, student loans, and unpaid child support.

Yet Chapter 7 bankruptcy has other advantages for Atlanta residents. You can typically be discharged of debt fast, within 3-6 months time. Although you can technically lose property in Chapter 7 bankruptcy, most filers do not lose property such as homes and cars.

While it’s now more difficult to file Chapter 7, as many are now forced to file Chapter 13 bankruptcy, it’s still the best way to escape impossible debts.

Notes on Chapter 7 Bankruptcy Discharge
While creditors cannot in most cases pursue collections against you after you file, there is some fine print. Creditors can still contact you, technically, and have the right to appeal certain debts.  If you don’t want creditors to contact you, you can refer them to your Atlanta bankruptcy attorney. If you have a car which is an unsecured debt, creditors can still seize it. If you want to keep the car, you can “reaffirm” the debt, which means you will pay the money owed. You are responsible for the payments, but you have a chance to keep property this way.

How You Can Be Denied Chapter 7 Discharge
You can technically be denied for a Chapter 7 bankruptcy discharge in some cases. While somewhat rare, if you failed to keep clear financial records, failed to explain loss of assets, committed perjury, failed to obey the court, transferred or concealed money and property, or even failed to take a proper instructional course on financial management.

Being denied may be uncommon, but it happens all the time. The best way to get a Chapter 7 bankruptcy discharge is to 1) follow all laws to the letter and 2) hire a professional Atlanta bankruptcy attorney.

Laws to Follow for Chapter 7 Bankruptcy
If you fail to keep proper records of your assets and money, you can be denied Chapter 7 bankruptcy. This means you need to confirm your assets before filing; it will speed up your discharge. Since not all debts are discharged by Chapter 7 bankruptcy, Atlanta residents should be clear on the fact that though discharge cancels most debts, alimony, child support, tax debt, mortgage, and some others are not.

Hiring a Professional Atlanta Bankruptcy Attorney
Since Chapter 7 bankruptcy is now more complicated, it’s clear you should hire professional counsel to work with you. If you want to be discharged from your debts, stop collection agencies, and keep your assets, the best decision you can make is to hire a professional Atlanta bankruptcy attorney to get your debts discharged and give you a fresh start.