This chapter of the Bankruptcy Code provides for "liquidation" - the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.

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Who can file?

Individuals and businesses are eligible to file a Chapter 7 bankruptcy in Georgia.

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How will debts be repaid?

All debt is repaid via asset liquidation.

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How long will the process last?

Timing varies depending on the individual case. Can be anywhere from four to six months or several years.

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Which types of debt are non-eligible?

Student loans, certain tax debts, and domestic support are generally not eligible for discharge in a bankruptcy.

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Who are the best candidates for filing a Chapter 7 bankruptcy?

Debtors who should consider a Chapter 7 bankruptcy are those with little property and low income.

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Think you're eligible to file for bankruptcy? Contact us here to discuss your case.

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