Zero Money Down Chapter 7 Bankruptcy
We'll Spend Our Own Money To Get You Out Of Debt
We know what you're going through — the bills, the calls, the stress. You're ready to start fresh with Chapter 7 bankruptcy, but money's so tight you can't even afford a filing fee. We understand. That's why as long as you've got a job and a bank account, DebtStoppers will advance your Chapter 7 filing fee and get you the relief you need today.
Most bankruptcy firms offer payment plans. Only DebtStoppers advances you the money to get you relief. Only DebtStoppers is ready to invest in you.
Providing clients with debt solutions they can actually afford
DebtStoppers helps clients enter Chapter 7 bankruptcy with no up-front costs. If you are already struggling to pay your bills, we don’t think you should have to struggle to afford a bankruptcy filing. When you come in to meet with us for a free one-on-one debt analysis, we help you determine whether you meet the qualifications for Chapter 7 bankruptcy in Georgia. If you qualify for this option and choose to work with us, we can begin the filing process with no money down from you. Repayment won’t start until your other debts have been eliminated.
Understanding the Chapter 7 bankruptcy process
Chapter 7 bankruptcy is a tool allowed under federal law. The proceedings take place in a federal court. Each state is able to define some of its own rules. In Georgia, you will need to pass a means test to determine whether you are eligible for Chapter 7 bankruptcy or if you may need to file under Chapter 13 instead. The means test determines whether your income is below a certain level. If your income exceeds this level, you will be expected to pay at least some of your debt back. You may also pass this test with a slightly higher income if your debts leave you nearly no disposable income. Our lawyers are experts in Chapter 7 bankruptcy law and can help you to assess if you're the right fit for filing.
Once DebtStoppers pays your filing fees and begins your bankruptcy proceedings, an “automatic stay” is put in place preventing any of your creditors from making any attempt to collect a debt. From this point forward, if they want to get paid, they will have to deal with the bankruptcy judge.
Determining what property you can keep in a zero-down bankruptcy
Two of the biggest fears people have about bankruptcy are that they can’t afford a lawyer and that they will lose all of their property. Neither of these is true when you work with DebtStoppers. Our firm allows clients to file with no up-front cost, so you don’t need to worry about paying us now.
You will also be able to keep some of your property in a zero-down bankruptcy. Georgia allows individuals to keep up to $21,500 in value on their home ($43,000 for a married couple). This number is determined by subtracting what you owe on the home from what the home is worth. You can also keep up to $5,000 worth of vehicles and $5,000 of personal property. There are additional exemptions for jewelry and burial plots. If you don’t use the entire homestead exemption, you may put up to $5,000 of that exemption towards any other property you wish to keep. Your DebtStoppers bankruptcy attorney will help you work out a strategy to keep the property you need. Most importantly, you won’t need to put any money down to begin the process.
Our firm’s service is truly zero money down
Many law firms have fancy advertising and gimmicks designed to confuse you. Our zero-down plan is straightforward. If you pass the means test for Chapter 7 bankruptcy in Georgia and you earn a wage, we will pay your initial filing costs. Smaller firms simply cannot afford to offer this deal to all of their clients.
Contact us today to stop the collections process with no money down
Your DebtStoppers bankruptcy attorney is your advocate. We provide real solutions to Atlanta families and stand up for you in court. To find out if you qualify for Chapter 7 bankruptcy with zero down, and to learn all of your options, call DebtStoppers today at 678-673-2142, or fill out our easy online appointment form.