Athens-Clarke County, Georgia individual bankruptcy attorney

An individual can file for bankruptcy under Chapter 7 in Athens-Clarke County, Georgia and can have certain debts discharged if they meet the necessary criteria. The necessary requirements were formulated by the BACCP Act and now include both a means test as well as the requirement to receive credit counseling. The process is complex and you should hire the services of a Athens-Clarke County, Georgia ndividual bankruptcy attorney
Before being allowed to file a Chapter 7 bankruptcy an individual will need to demonstrate that their disposable income is below a certain threshold which may differ slightly from state to state depending on the average income of the state.
The person will also need to have undergone credit counseling from an accredited organization at some stage in the 180 days preceeding their bankruptcy petition.
Once the Chapter 7 petition has been filed in Athens-Clarke County, Georgia, an impartial trustee is appointed to liquidate the non-exempt assets of the filer. The trustee generally will be an attorney or someone who is aware of the bankruptcy regulations and the courts. The trustee must call a meeting of creditors, generally within 40 days from the date of filing. The filer should appear at the meeting and should provide to an examination under oath. The examination usually is restricted to questions concerning the extent and whereabouts of the filer’s assets. But, the trustee will ask questions that ensure the filer is aware of the likely results of bankruptcy, including the effect on his credit history, ability to file a petition under a different chapter, the effect of receiving a discharge, and the effect of reaffirming a debt. The filing of a Chapter 7 petition in Athens-Clarke County, Georgia under the Federal Bankruptcy Code creates a bankruptcy estate. The trustee is charged with selling all assets of the estate.

---------------------Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy