Chapter 7 Guiding Good People Through Bad Times

Savannah Chapter 7 Bankruptcy Attorney

Backed by Decades of Legal Experience

Chapter 7 bankruptcy is an effective process for eliminating what is described as “unsecured debt.” This is debt that is not backed by any physical collateral, such as house or car. It includes such debt as credit card debt, personal loans, medical or dental bills, judgments, liens, and prior lease obligations. Generally, through a Chapter bankruptcy proceeding, this is the type of debt that will be discharged once the process is complete.

If you are facing insurmountable debt, you should learn your available options for solving this frustrating problem. That can easily be done by discussing your financial scene with our Savannah Chapter 7 bankruptcy lawyer at the Law Offices of Mark A. Bandy, PC. Attorney Bandy has more than 20 years of experience handling all aspects of Chapter 7 as well as other forms of debt relief solutions. He believes in personalized service where you get to know your attorney one-on-one and where you can be treated as the individual person you are with unique financial and family circumstances, obstacles, and goals,

Find out how your excessive debt can be relieved by contacting us at (912) 331-4501 for a free case analysis. You can also contact us by using our online messaging form.

How a Chapter 7 Bankruptcy Works

In a Chapter 7 bankruptcy, unexempt assets may be subject to sale by the trustee to pay your creditors. That said, most assets owned by individuals are exempt and herby protected from such a sale by the process. The Chapter 7 bankruptcy process begins with the filing of your bankruptcy petition which then kicks in what is called the “automatic stay.” This stay stops your creditors from contacting you in any way to collect on your debts. That means no more harassing phone calls, letters, emails, or texts. The automatic stay can stop wage garnishments, repossession, and even foreclosures, although secured debt on collateral will eventually have to be handled by reaffirming those debts and catching up of payments. Handling your secured debts through a Chapter 13 is often a better way to keep your home, vehicle, or other significant assets.

Two obstacles, however, may prevent you from a Chapter 7. These are:

  • Non-exempt assets
  • Income above the state median for a household of your size

Non-Exempt Assets

Every state has laws that protect the assets that you own from bankruptcy creditors up to a certain dollar value. These protections are called “exemptions.” In Georgia, exemptions exist that protect your car, house, furnishings, clothing, jewelry and firearms. These exemptions have limits and if you own an asset which exceeds the limit allowed by Georgia law, you could lose that asset or a portion of it in bankruptcy.

However, many people do not own assets with values that exceed these exemptions and, as a result, assets are not lost in a Chapter 7. In order to keep all of your assets, it is important that you work with a knowledgeable bankruptcy attorney who knows the applicable exemptions for your case and can protect your assets.

It is important to remember that the values of your assets are reduced by any related debts such as a mortgage or car loan in determining the value or “equity” which you actually own. For example, if you own a car worth $7,000 with a car loan of $4,000, you only own $3,000 worth of “equity” in the car. Georgia provides an individual automobile exemption of up to $5,000. Therefore, the $3,000 worth of “equity” in the car which you actually own is exempted, putting it out of the reach of the Bankruptcy Trustee.

Georgia provides exemptions for your homestead, motor vehicles, jewelry, household goods and furnishings, tools of the trade, and has a wildcard exemption that can be used as part of your homestead exemption.

Turn to the Law Offices of Mark A. Bandy, PC for Capable & Trusted Legal Help

The purpose of a Chapter 7 is to give you a fresh start. Once the entire bankruptcy process has been completed, it will result in a discharge of your unsecured debt. With a clean slate, you will have the opportunity to start again without the worry, stress, and roadblock of runaway debt. Our Savannah Chapter 7 lawyer is here to ensure that you bankruptcy case is handled to protect your best interests.

Phone us at (912) 331-4501 or contact us online to learn your options today.

Real Client Stories

Hear From People We Have Helped
  • If you are in a bad place financially, have lost all hope, and feel there is no one out there to turn to, then please reach out to Mr. Bandy before you make any other decisions. He will get you the relief and guidance you are looking for.

    “Mark is hands down the best bankruptcy attorney in all of Georgia. I highly recommend him to everyone. He is very knowledgeable and keeps you updated on every aspect of your case. He is in this ...”

    - Crystal
  • He helped us stay calm and positive throughout the whole experience.

    “When my husband and I decided to file for bankruptcy we were very nervous. A friend of our family suggested we talk to Mr. Bandy. I am so glad we did! He explained things very well and helped us feel ...”

    - Faith
  • He answered all my questions and made the whole situation go smoothly.

    “Had a great experience with Mr. Bandy. He answered all my questions and made the whole situation go smoothly. His firm always kept me in the loop and always gave me timely updates on my case. Thanks!!”

    - J.C.
  • Mark was very patient with my questions, answered them thoroughly and his recommendations were accurate and proved true.

    “I have been an attorney for over 40 years and was very impressed with Mark. If you are considering bankruptcy do yourself a favor and call Mark. His expertise in Bankruptcy allowed him to guide me ...”

    - M.A.
  • After reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms.

    “Although bankruptcy was a great option for me financially, it was also a very scary thought to process which initially made me reluctant to pursue this option. However, after reaching out to Mark my ...”

    - Ben
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Reasons Clients Trust Us

Our Core Values
  • Flexible & Affordable

    We offer free consultations, weekend, after-hour, and virtual appointments for your convenience.

  • Accessible

    We are accessible to our clients and are here to answer all questions throughout the process.

  • Client-Focused

    When you retain us you can rest assure you will receive excellent representation and the best possible outcome.

  • Experience

    Attorney Mark A. Bandy has over 20 years of experience successfully handling bankruptcy filings in Savanna.

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