Oconee County, GA individual bankruptcy attorney

An individual can file for bankruptcy under Chapter 7 in Oconee County, GA and can have certain debts discharged when they fullfil the necessary requirements. The necessary criteria were established under the BACCP Act and now has both a means test and also the necessity to receive credit counseling. The process is complicated and you must hire the services of a Oconee County, GA ndividual bankruptcy attorney
Before being permitted to file a Chapter 7 bankruptcy a person must show that their disposable income is below a certain threshold which will vary slightly from state to state depending on the average income of the state.
The individual will also need to have undergone credit counseling from an accredited organization at some stage in the 180 days preceeding their bankruptcy petition.
When the Chapter 7 petition has been filed in Oconee County, GA, an impartial trustee is appointed to sell the non-exempt assets of the debtor. This trustee generally will be a lawyer or someone who is aware of the bankruptcy laws and the courts. The trustee will conduct a meeting of creditors, generally within 40 days after the filing date. The filer must attend this meeting and should submit to an examination under oath. The examination usually is limited to questions about the extent and whereabouts of the debtor's assets. But, the trustee will ask questions that ensure the filer understands the likely effects 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 Oconee County, GA under the Federal Bankruptcy Code creates a bankruptcy estate. The trustee is charged with liquidating all property of the estate.

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