In 2005 the US Bankruptcy Code was changed requiring that individuals qualify to seek protection under Chapter 7 bankruptcy. The debtor has to first take the Means Test. If the Means Test establishes that the debtor qualifies to file for a Chapter 7 bankruptcy then it is important to understand that there are other conditions. All individuals filing for Chapter 7 bankruptcy protection must undergo a debt counseling course within 6 months of filing for Chapter 7 protection. Also the debtor may also be made to undergo a financial education course before discharge of the debts. All individuals considering bankruptcy should consult with an experienced Oconee County, GA personal bankruptcy as the changes to Federal Bankruptcy Code have now made it difficult to qualify for Chapter 7. Before you can file for bankruptcy under either Chapter 7 or Chapter 13, you should undergo credit counseling with an agency approved by the United States Trustee's office. The list of approved agencies is available on the United States Trustee’s website located at www.usdoj.gov/ust. This counseling is meant to give the debtor an idea of whether there is a genuine need to file for bankruptcy or if an informal repayment plan can will be enough.
---------------------Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
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