Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How bad is it to file bankruptcy twice?

<p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.</p><p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.</p>

Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

5 Best Columbus Bankruptcy Attorneys

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24/7 Legal

Columbus, GA

Clients looking for a bankruptcy attorney can connect with 24/7 Legal. The company has a database of over 20,000 professionals, allowing it to match clients with the right service provider regardless of their location. It connects clients with bankruptcy attorneys who represent both creditors and debtors in chapters 7 and 13 proceedings. These lawyers handle both transactional and litigation matters. 24/7 Legal maintains open communication with clients to ensure that they find the provider that fits their specific requirements.

(762) 239-4017

Arey & Cross, P.C.

4800 Armour Road, Columbus, GA 31904

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Arey Long & Cross P.C. is a firm of bankruptcy lawyers offering legal advice to clients in Columbus. The bankruptcy lawyers of Arey Long & Cross P.C. helps clients temporarily stop any foreclosures or evictions through a Chapter 7 Bankruptcy. Clients also have the option to file for a Chapter 13 bankruptcy to readjust the payment terms of secured debts with the help of bankruptcy lawyers. Arey Long & Cross P.C. has been providing bankruptcy law services for more than 50 years.

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Brace W Luquire Attorney At Law

821 3rd Ave, Columbus, GA 31901

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Brace W. Luquire, Attorney at Law, represents the residents of Columbus and surrounding counties in bankruptcy matters. The company's bankruptcy attorney has been helping clients deal with legal issues since 1983. He offers debt relief solutions through chapter 13 and chapter 7 bankruptcy. Apart from filing for bankruptcy, he seeks to resolve related problems on taxes, IRS compliance, repossessions, wage garnishments, foreclosures, and creditor harassment. Brace W. Luquire, Attorney at Law also strives to discharge credit card liabilities in bankruptcy proceedings.

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Gary I. Klepak, Lawyer Attorney And Counselor At Law

2953 Mimosa Street, Columbus, GA 31906

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Chapter 7 Bankruptcy

Gary I. Klepak is a lawyer and counselor at law offering services to clients in Columbus. The law firm's bankruptcy lawyers help clients go through bankruptcy by filing a Chapter 7 bankruptcy. The bankruptcy attorney also helps creditors from being harassed and preventing third parties from directly deducting payment from a debtor's wage or bank account. The law firm also aids clients through any legal issues falling under family law and legal matters pertaining to wills and probate.

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Valerie Long, Attorney at Law

3006 University Avenue, Columbus, GA 31907

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Valerie Long, Attorney at Law, has been providing legal services to clients in Columbus since 1994. She offers assistance to people seeking to file for an uncontested divorce. Clients can seek her advice through a consultation, where she can assess their case and discuss their available options. She also guides them through the various phases of the divorce process. Long offers her clients convenient, controlled, and private legal services. Aside from divorce, she also handles other family law matters and bankruptcy law.

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Best Bankruptcy Attorneys in Columbus

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Bankruptcy Attorneys FAQs

24/7 Legal

Arey & Cross, P.C.

Brace W Luquire Attorney At Law

Gary I. Klepak, Lawyer Attorney And Counselor At Law

Valerie Long, Attorney at Law

Frequently Asked Questions

Q: Can anyone file bankruptcy?

Q: How bad is it to file bankruptcy twice?

Q: Can they take my car in Chapter 7 bankruptcy?

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