When someone who is struggling with debt wants to secure a fresh financial start, they may have a number of options. From Augusta to Richmond and throughout the state of Georgia, Chapter 7 bankruptcy is the best way for some people to tackle their overwhelming debt, while others opt for a strategy that suits their situation better. Before filing for Chapter 7, people who are in this position should closely evaluate the process and take the right approach.
A solar power firm based in Maine recently filed for Chapter 7 bankruptcy, citing more than $780,000 worth of debt. A lawyer for the company, which also cited insignificant assets, said it is not likely that any of the company's funds will be distributed.