Get the law to work for you — get an attorney who understands your needs
When facing a tough financial situation, we know that it's hard to see a bright future. Here at the Law office of W. Thomas Bible, Jr. we give you ways to protect your assets and have a bright financial future.
Chapter 7 bankruptcy - explained
Chapter 7 is also called “liquidation”, “straight bankruptcy,” or "debt liquidation" because as a debtor, your assets are sold, creditors receive payment, and you're freed from your debts. Although it's a quick and simple form of declaring bankruptcy, there are still many factors to be considered.
Not everyone can qualify for Chapter 7 bankruptcy; you must first pass a means test. This has been implemented to prevent people with the ability to pay their debts from getting those debts discharged. For those who do not qualify for Chapter 7, Chapter 13 bankruptcy is an alternative.
Reliable Chapter 7 services for you
- Wiping out debt for a fresh start
- Keeping property under finance (in few cases)
- Assistance to those who can't make minimum payments
Bankruptcy Reform Act of 2005
Here at the Law office of W. Thomas Bible, Jr. you'll get excellent help with the Bankruptcy Reform Act of 2005. This act has made sweeping changes to the bankruptcy filing requirements and eligibility standards. It has greatly helped clients not only from Chattanooga but also from Athens, GA, Dalton, GA and other areas of North Georgia.
Get a FREE consultation to know to what extent your home, car and other possessions are protected. We can also tell you how you can reclaim repossessed property!
Don't have any assets? We can show you how Chapter 7 bankruptcy can still help you. Call us now to book an appointment