Chapter 7 Bankruptcy
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Debt Relief Through Chapter 7 Bankruptcy

Filing for Chapter 7 bankruptcy is known as a “Fresh Start” or “Liquidation” bankruptcy. In this type of proceeding, you, the debtor, file a petition with the bankruptcy court. In this petition you must include statements of your assets and liabilities. Together we will go through your financial information to prepare this petition for the court. You will also need to provide tax returns from the previous year and any filed during the bankruptcy proceeding.

If you are filing with a spouse, the two of you will still need to file documents as individual debtors. You will file a joint petition, and this will save you some money in filing fees. The court charges one fee for a bankruptcy, whether it is an individual or a couple. When you file together, you pay half the cost than if you both filed separately.

Any person who is married must provide information for their spouse, even if they are filing separate petitions, or one is not filing for bankruptcy. The income and expenses of the nonfiling spouse are necessary so that the trustee and creditors can look at the entire financial picture of the household. While you may be under a mountain of debt from prior to your marriage, your spouse’s income is considered when looking at any debt accrued during your marriage.

It’s important to be prepared for your consultation with Attorney Jack Setters. The more financial information you can provide at the consultation, the easier it will be to determine if Chapter 7 Bankruptcy is right for you. You should bring with you all information regarding your bank accounts, credit card statements, loan payments and current income. If you are in over your head financially and you are no longer able to stay on top of your bills, we will help you find your way back to financial stability.

What To Bring To Your First Meeting

  • All bills, including correspondence, addresses and account numbers for all creditors including ones you signed for friends and family (co-signed loans)
  • Your most recent tax return or a transcript from the IRS office
  • Last three months’ bank statements from all banks
  • Last two months of paystubs
  • All lawsuits, garnishments and foreclosures letters
  • Contracts from personal loans, car loans, rent to own and title pawns
  • Student loan information and bills
  • Payment books on loans
  • Copy of credit report (
  • Credit counseling course (

Call Us Today To Schedule An Appointment

Is filing for bankruptcy the right choice for you? Learn more about how our team at the law firm of James M. Setters, Attorney at Law, can help you. Call our Dalton office at 706-529-4783 or our Ringgold office at 706-965-5220 or email us through our website.  

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.