Athens GA Bankruptcy Lawyer | Georgia Attorneys

Bankruptcy in Oconee County, GA

2010-06-02T05:27:00.000-04:00

Title 11 of the United States Code contains the federal bankruptcy law. The The Constitution of the United States, in Section 8, gives Congress the power to establish uniform rules on the subject of bankruptcies all over the United States. States don’t regulate bankruptcy but they may pass laws that affect other aspects of the debtor-creditor relationship. Therefore it is important to know the federal rules that are applicable to bankruptcy as well as any state laws that are applicable.
In April 2005 some big changes to bankruptcy rules were made with the Bankruptcy Abuse Prevention and Consumer Protection Act, affecting all bankruptcies filed after October 2005. The assets in Individual Retirement Accounts are exempt assets and cannot be sold to pay creditors. To restrict the availability of a Chapter 7 discharge of debt, the rules have been significantly revised. A Means test now governs eligibility for filing Chapter 7. Debtors must attend in approved credit counseling prior to filing for bankruptcy. Filing fees have been increased and subsequently lawyer fees have also gone up.
There is a great amount of misinformation out there for debtors considering bankruptcy. If you are thinking about filing bankruptcy, there is no reason to panic by the means test. If you are well below the state median income, you will be unaffected. Even debtors who are above the state median income generally are eligible for chapter 7 as the expenses are way too high to be eligible. But, if you have an income near your state's median, you must contact a seasoned bankruptcy in Oconee County, GA.

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

Oconee County, GA personal bankruptcy attorney

2010-06-01T05:26:00.000-04:00

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

Oconee County, GA chapter 7 business bankruptcy attorney

2010-05-31T05:24:00.000-04:00

A Chapter 7 proceeding begins when the debtor filing a petition with the bankruptcy court. In addition to the petition, the debtor should also file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules and statements must contain the following information:
A list of all creditors and the amount and nature of their claims;
The source, amount, and frequency of the debtor's income;
Details of of all of the debtor's property; and
A detailed list of the debtor's monthly living expenses (food, clothing, shelter, utilities, taxes, transportation, medicine, etc.).
Businesses intending to file Chapter 7 must seek the help of a seasoned Oconee County, GA chapter 7 business bankruptcy attorney since the chapter 7 business bankruptcy process is complicated.

In Chapter 7, the company ceases all activities and goes completely out of business. A trustee is appointed to liquidate the company's assets and the amount is used to clear the debt, which may include debts to creditors and investors.
The investors who take the least risk are paid first. Secured creditors take less risk as the credit that they give is typically supported by collateral, like a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy.
Bondholders have greater potential of recovering their investments than stockholders, as bonds represent the debt of the business and the company has accepted to pay bondholders interest and to return their principal. Stockholders own the business, and take more risk. They could make more money if the business does well, but they can lose money if the business does poorly. The owners are the last to be repaid if the company fails. Bankruptcy laws determine the order of payment.

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

Oconee County, GA bankruptcy trustee

2010-05-30T05:22:00.000-04:00

The Oconee County, GA bankruptcy trustee in may use, sell, or lease property in the debtor's estate in the usual course of business. In addition, the bankruptcy court can permit the trustee to operate the filer’s business for a certain time if continued operation is in the best interests of the all. For example, if the farm debtor is in the hog business and the estate consists of hogs of different sizes, the trustee may be permitted to feed the hogs until they attain market weight so as to maximize the amount recovered by the estate. However, when the livestock belonging to a farm debtor is subject to a valid, perfected security interest, the trustee will not, in almost all cases, undertake the further care and feeding of the livestock. Rather, the trustee may abandon the property so as to restrict the estate's continued responsibility. Though the appointment of a case trustee is very rare in a chapter 11 case, a party in interest or the United States trustee may seek the appointment of a case trustee or examiner at any time before confirmation in a chapter 11 proceeding. The judge, on application by a party in interest or the United States trustee and subsequent to notice and hearing, can direct the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests 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

Oconee County, GA Chapter 13 attorney

2010-05-29T05:22:00.000-04:00

Any individual, either self employed or employed with any organization may file a chapter 13 bankruptcy in Oconee County, GA and obtain protection under it. The only condition is that his unsecured debts should be lower than $336,900 and secured part of the debts below $ 1,010,650. No corporation may seek assistance or file chapter 13. A person cannot file for chapter 13 if his bankruptcy application was dismissed 180 days prior to the filing. An experienced Oconee County, GA Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Bankruptcy is a really terrible state to be in, for any individual or an organization. But even in such difficult times, there are ways to handle such situations. Chapter 13 Bankruptcy helps individuals only, to come out of financial crisis under the guidance of a federal bankruptcy court. The debtor with a regular income can restructure his financial position with the help of Chapter 13 Bankruptcy. The debtor must propose a plan with the assistance of which he or she can repay all his outstanding debts in 3 to 5 years. Five years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Oconee County, GA.

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

Oconee County, GA individual bankruptcy attorney

2010-05-28T05:21:00.000-04:00

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.

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

Oconee County, GA bankruptcy attorney

2010-05-27T05:20:00.000-04:00

Generally, people are worried about who will find out about their bankruptcy. Your employer and your landlord will not be informed. You may technically file for bankruptcy every eight years in Chapter 7. Under Chapter 13, you may file as many times as is required so long as you have paid at least 70% of the unsecured debt in your last Chapter 13 filing.

All taxes are not discharged by filing bankruptcy. But, in Chapter 13, you may not have to pay interest or penalties. In Chapter 7 some taxes can be discharged. A good Oconee County, GA bankruptcy attorney can help you differentiate between those that may qualify from the others.
The bankruptcy procedure in Oconee County, GA has become more complicated and needs detailed planning and consideration. So selecting a good bankruptcy attorney in Oconee County, GA is more important now than ever before. Trying to go through the procedure all alone is a big mistake and so is the decision to file before consulting with an experienced Oconee County, GA bankruptcy attorney.

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

Oconee County, GA Chapter 13 Bankruptcy attorney

2010-05-26T05:19:00.000-04:00

A Chapter 13 Bankruptcy has many additional benefits over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, an individual can at least save his home from foreclosure. All proceedings will be stayed if he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay back his creditors. The Chapter 13 Bankruptcy permits the individual to reallocate secured debts. It can over a period of time, reduce the payments that he has to make. Finally a debtor will have no connection or contact with the creditors if he or she has filed Chapter 13 Bankruptcy.
A Oconee County, GA Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any individual, either self employed or working in an organization may file a chapter 13 bankruptcy in Oconee County, GA and seek protection under it. The only criteria is that his unsecured debts should be lower than $336,900 and secured part of the debts less than $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 when his bankruptcy application was dismissed 180 days prior to the filing.

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

Oconee County, GA Chapter 7 attorney

2010-05-25T05:18:00.000-04:00

Chapter 7 is about selling the debtor’s assets rather than repayment. Earlier debtors could pick whether they wanted Chapter 7 or 13. However now, if their income is high, they do not have a choice and will have to file under Chapter 13. To file Chapter 7, a debtor would have to establish that his disposable income is less than a certain low sum of money. Contact with an experienced Oconee County, GA Chapter 7 attorney to know if you qualify for Chapter 7. For Chapter 7, assets are sold and the proceeds are used to pay off the filer's creditors. Chapter 13 involves repayment. All income is used for paying off creditors. If available income is more than that of the median in the State of Georgia, the debtor’s allowable expenses will be determined by the IRS. The amount must come out of the filer's income during the six-month period prior to the filing. The chapter 11 debtor has a one-time absolute right to convert the chapter 11 case to a case under chapter 7 except if (1) the debtor is not a debtor in possession, (2) the case originally was started as an involuntary case under chapter 11, or (3) the case was converted to a case under chapter 11 other than at the debtor's request. The debtor in a chapter 11 case does not have an absolute right to have the case dismissed upon request. There are important exceptions to the conversion process in a chapter 11 case. Unless the debtor requests the conversion, section 1112(c) of the Federal Bankruptcy Code does not allow the court to convert a proceeding involving a farmer or charitable institution to a liquidation case under chapter 7.

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

Oconee County, GA farm bankruptcy attorney

2010-05-24T05:17:00.000-04:00

Chapter 11 permits the debtor to run its business through a plan of reorganization, which should fulfill certain legal criteria. By legislating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it can continue to operate, provide employment, pay its creditors, and provide a return for its stockholders. As chapter 11 deals with an ongoing business, the most likely individuals to have knowledge and details of the operation will be the existing managers who generally continue operations during the chapter 11 case. A major rationale behind business reorganizations is that the value of a business as an ongoing concern is far more than it would be if its assets were liquidated. Chapter 12 is a U.S. bankruptcy chapter especially for family farms or fisheries that gives the farm or fishery owner the opportunity to reorganize his or her finances and debts while at the same time retaining the farm or fishery. The farm or fishery owner must co-ordinate with a bankruptcy trustee and creditors to determine a payment program that will satisfy his or her owner obligations. A Chapter 12 proceeding in Oconee County, GA is available for individually run family farms and fisheries as well as those owned by a corporation or partnership. Chapter 12 was created in 1986 exclusively for farms and fisheries to make the bankruptcy process easier for such businesses. Prior to Chapter 12, farmers would have to either file for protection under Chapter 11, which can be very expensive and is mainly for big corporations, or Chapter 13, which is basically for those with comparatively small outstanding debts (typically not the case for farms and fisheries). Farm debtors looking to file for bankruptcy must contact a Oconee County, GA farm bankruptcy attorney to know about the options.

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

Bankruptcy in Madison County, Georgia

2010-05-23T05:15:00.000-04:00

Bankruptcy law is a federal statutory law contained in Title 11 of the United States Code. The The Constitution of the United States, in Section 8, gives Congress the power to create uniform rules on the subject of bankruptcies all over the United States. States don’t regulate bankruptcy but they may pass laws that influence other aspects of the debtor-creditor relationship. Therefore it is important to know the federal statutes that apply to bankruptcy as well as any state laws that are applicable.
In April 2005 some major changes to bankruptcy rules were made by the Bankruptcy Abuse Prevention and Consumer Protection Act, affecting all bankruptcies filed after October 2005. The assets in Individual Retirement Accounts are exempt assets and cannot be sold to pay creditors. To limit the availability of a Chapter 7 discharge of debt, the regulations have been significantly revised. A Means test now determines eligibility for filing Chapter 7. Debtors must attend in approved credit counseling prior to filing for bankruptcy. Filing fees were increased and subsequently lawyer fees have also increased.
There is a great amount of misinformation out there for debtors considering bankruptcy. If you are considering about filing bankruptcy, there is no reason to worry by this test. If you are well below the state median income, you will be unaffected. Even debtors who are above the state median income often are eligible for chapter 7 because the expenses are high enough to qualify. However, if your income is near your state's median, you must contact a seasoned bankruptcy in Madison County, Georgia.

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

Madison County, Georgia personal bankruptcy attorney

2010-05-22T05:14:00.000-04:00

In 2005 the US Bankruptcy Code was altered mandating that individuals qualify to file for 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 know that there are other requirements. All individuals filing for Chapter 7 bankruptcy protection has to undergo a debt counseling course within six months of filing for Chapter 7 protection. Also the debtor may also be made to attend a financial education course before discharge of the debts. All persons considering bankruptcy must consult with an experienced Madison County, Georgia personal bankruptcy since the changes to United States Bankruptcy Code have now made it difficult to qualify for Chapter 7. Prior to filing for bankruptcy under either Chapter 7 or Chapter 13, you should complete credit counseling with an agency approved by the United States Trustee's office. You can get the list of approved agencies from the United States Trustee’s website located at www.usdoj.gov/ust. This counseling is meant to give you an idea of whether there is a genuine requirement to file for bankruptcy or whether an informal repayment plan can will be sufficient.

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

Madison County, Georgia chapter 7 business bankruptcy attorney

2010-05-21T05:13:00.000-04:00

A Chapter 7 case starts with the debtor filing a petition with the bankruptcy court. In addition to the petition, the debtor is also required to file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules and statements must contain the following information:
A list of all creditors and the amount and nature of their claims;
The source, amount, and frequency of the debtor's income;
A list of all of the debtor's property; and
A detailed list of the debtor's monthly living expenses (food, clothing, shelter, utilities, taxes, transportation, medicine, etc.).
Businesses intending to file Chapter 7 must seek the help of a seasoned Madison County, Georgia chapter 7 business bankruptcy attorney because the chapter 7 business bankruptcy process is complicated.

Under Chapter 7, the company ceases all operations and goes completely out of business. A trustee is appointed to liquidate the business’s assets and the money is used to clear the debt, which can include debts to creditors and investors.
The first to be paid are the investors who take the least risk. Secured creditors take less risk due to the fact that the credit that they give is generally backed by collateral, like a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy.
Bondholders have greater chances of getting back their investments than stockholders, because bonds represent the debt of the business and the company has agreed to pay bondholders interest and to pay back their principal. Stockholders own the business, and take more risk. They could make larger amounts of money if the company does well, but they may lose money if the business does badly. The owners are last in line to be repaid if the business fails. Bankruptcy regulations decide the order of payment.

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

Madison County, Georgia bankruptcy trustee

2010-05-20T05:12:00.000-04:00

A Madison County, Georgia bankruptcy trustee in may use, sell, or lease property in the debtor's estate in the ordinary course of business. In addition, the bankruptcy court may allow the trustee to operate the debtor's business for a limited period if continued operation is in the best interests of the estate and the creditors. For example, if the farm debtor is in the hog business and the estate consists of hogs of different sizes, the trustee can be permitted to feed the hogs till they attain market weight so as to maximize the amount recovered by the estate. However, if the livestock belonging to a farm debtor is subject to a valid, perfected security interest, the trustee will not, in most cases, undertake the further care and feeding of the livestock. Rather, he may abandon the property so as to restrict the estate's continued responsibility. Even though the appointment of a case trustee is very rare in a chapter 11 proceeding, a party in interest or the United States trustee may apply for the appointment of a case trustee or examiner at any time before confirmation in a chapter 11 case. The judge, on application by a party in interest or the United States trustee and upon notice and hearing, can order the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests 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

Madison County, Georgia Chapter 13 attorney

2010-05-19T05:11:00.000-04:00

Any person, either self employed or employed with any organization may file a chapter 13 bankruptcy in Madison County, Georgia and secure protection under it. The only condition is that the unsecured debts must be below $336,900 and secured part of the debts lower than $ 1,010,650. No organization may seek help or file chapter 13. A person cannot file for chapter 13 when his bankruptcy petition was dismissed 180 days before the filing. An experienced Madison County, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Bankruptcy is a really bad situation to be in, for any person or an organization. But even in such tough times, there are ways to tackle such situations. Chapter 13 Bankruptcy assists individuals only, to work out of financial crisis under the guidance of a federal bankruptcy court. A debtor with a regular income can restructure his financial position with the assistance of Chapter 13 Bankruptcy. The debtor has to submit a plan with the help of which he or she can repay all his outstanding debts in 3 to 5 years. 5 years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Madison County, Georgia.

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

Madison County, Georgia individual bankruptcy attorney

2010-05-18T05:11:00.000-04:00

An individual can file for bankruptcy under Chapter 7 in Madison County, Georgia and can have certain debts discharged when they meet the necessary requirements. These necessary criteria were formulated under the BACCP Act and now include both a means test and the necessity to receive credit counseling. The process is complicated and you should use the services of a Madison County, Georgia ndividual bankruptcy attorney
Prior to being allowed to file a Chapter 7 bankruptcy a person must prove that their disposable income is below a certain limit which may vary slightly from state to state based on the average income of that state.
The person is also required to have undergone credit counseling from an accredited organization at some stage in the 180 days prior to the bankruptcy petition.
If a Chapter 7 petition has been filed in Madison County, Georgia, an impartial trustee will be appointed to liquidate the non-exempt assets of the filer. The trustee often will be an attorney or someone who is familiar with the bankruptcy regulations and the courts. The trustee must call a meeting of creditors, generally within 40 days after the filing date. The debtor must appear at the meeting and must provide to an examination under oath. The examination generally is limited to questions about the extent and whereabouts of the filer’s assets. However, the trustee will ask questions to ensure the filer understands the potential 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 initiation of a Chapter 7 case in Madison County, Georgia under the US Bankruptcy Code creates a bankruptcy estate. A trustee is entrusted with selling all property 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

Madison County, Georgia bankruptcy attorney

2010-05-17T05:10:00.000-04:00

Typically, people are concerned about who will find out about their bankruptcy. Your employer and your landlord will not be informed. You may technically file for bankruptcy every eight years under Chapter 7. In Chapter 13, you may file as many times as is required so long as you have paid at least 70% of your unsecured debt in your previous Chapter 13 filing.

All taxes are not wiped out by filing bankruptcy. However, under Chapter 13, you will not have to pay interest or penalties. Under Chapter 7 some taxes may be discharged. A seasoned Madison County, Georgia bankruptcy attorney can asssit you differentiate between those that may qualify from the others.
The bankruptcy process in Madison County, Georgia has become more complex and needs detailed planning and consideration. So selecting a seasoned bankruptcy attorney in Madison County, Georgia is more important now than ever before. Attempting to go through the procedure by yourself is a big mistake and so is the decision to file prior to talking to an experienced Madison County, Georgia bankruptcy attorney.

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

Madison County, Georgia Chapter 13 Bankruptcy attorney

2010-05-16T05:09:00.000-04:00

A Chapter 13 Bankruptcy has many additional benefits over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, an individual can at least save his home from foreclosure. All proceedings will come to halt when he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off his debts. The Chapter 13 Bankruptcy permits an individual to reallocate secured debts. It can over a time period, lower the payments which he must make. Finally the debtor will not have any connection or contact with the creditors while he or she has filed Chapter 13 Bankruptcy.
A Madison County, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any person, either self employed or working in an organization can file a chapter 13 bankruptcy in Madison County, Georgia and seek protection under it. The only condition is that the unsecured debts must be less than $336,900 and secured part of the debts less than $ 1,010,650. No corporation may seek help or file chapter 13. An individual cannot file for chapter 13 when his bankruptcy petition was dismissed 180 days prior to the filing.

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

Madison County, Georgia Chapter 7 attorney

2010-05-15T05:08:00.000-04:00

Chapter 7 is about liquidating the filer’s assets rather than repayment. Previously debtors could determine whether they wanted Chapter 7 or 13. However now, when their income is high, they may not have a choice and must file for Chapter 13. In order to file Chapter 7, the filer should prove that his disposable income is less than a certain low sum of money. Consult with an experienced Madison County, Georgia Chapter 7 attorney to know if you qualify for Chapter 7. For Chapter 7, assets are sold and the proceeds are used to pay off the debtor’s debts. Chapter 13 involves repayment. All income goes into repaying debts. When available income is greater than that of the median in the State of Georgia, the filer's permitted expenses will be decided by the IRS. The amount should come out of the filer's income during the six-month period prior to the filing. A chapter 11 debtor has a one-time absolute right to convert the chapter 11 case to a case under chapter 7 except if (1) the debtor is not a debtor in possession, (2) the case originally was filed as an involuntary case under chapter 11, or (3) the proceeding was converted to a proceeding under chapter 11 but not at the debtor's request. A debtor in a chapter 11 case does not have an absolute right to have the proceeding dismissed upon request. There are major exceptions to the conversion process in a chapter 11 case. Except when the debtor requests the conversion, section 1112(c) of the US Bankruptcy Code does not allow the court to convert a proceeding involving a farmer or charitable institution to a liquidation case under chapter 7.

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

Madison County, Georgia farm bankruptcy attorney

2010-05-14T05:07:00.000-04:00

Chapter 11 permits the debtor to operate its business by means of a plan of reorganization, which should meet certain statutory criteria. By legislating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it may continue to operate, provide its employees with jobs, pay its creditors, and produce a return for its stockholders. As chapter 11 deals with an ongoing business, the most likely persons to have knowledge and details of the operation are the present managers who often continue operations during the chapter 11 proceeding. The main rationale of business reorganizations is that the value of an ongoing is much more than it would be if its assets were sold. Chapter 12 is a U.S. bankruptcy proceeding meant for family farms or fisheries which gives the farm or fishery owner the opportunity to reorganize his or her finances and debts while still keeping the farm or fishery. The farm or fishery owner will co-ordinate with the bankruptcy trustee and creditors to determine a payment program that will satisfy his or her owner obligations. This Chapter 12 proceeding in Madison County, Georgia is available for individually run family farms and fisheries and also those owned by a corporation or partnership. Chapter 12 was created in 1986 epecially for farms and fisheries to make the bankruptcy process easier for such businesses. Before Chapter 12, farmers had to either file for protection under Chapter 11, which can be very expensive and is mainly for large corporations, or Chapter 13, which is mainly for those with relatively small outstanding debts (generally not the case for farms and fisheries). Farm debtors considering bankruptcy should contact a Madison County, Georgia farm bankruptcy attorney to know about the options.

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

Bankruptcy in Harris County, GA

2010-05-13T05:07:00.000-04:00

Bankruptcy law is a federal statutory law contained in Title 11 of the United States Code. The United States Constitution, in Section 8, grants Congress the power to establish uniform laws on the subject of bankruptcies all over the US. States do not regulate bankruptcy but they may pass laws that affect other aspects of the debtor-creditor relationship. Therefore it is important to know the federal rules that apply to bankruptcy as well as any state laws that are applicable.
In April 2005 some major changes to bankruptcy laws were made by the Bankruptcy Abuse Prevention and Consumer Protection Act, affecting all bankruptcies filed after October 2005. The assets in Individual Retirement Accounts are protected and are exempt from liquidation to pay creditors. To limit the availability of a Chapter 7 discharge of debt, the rules have been significantly changed. A Means test now governs if you are eligible for filing Chapter 7. Debtors should participate in approved credit counseling prior to filing for bankruptcy. Filing fees were increased and as a result attorney fees have also increased.
There is a great amount of misinformation out there for persons contemplating bankruptcy. If you are considering about filing bankruptcy, there is no reason to worry by this test. If you are well below the state median income, you will be unaffected. Even debtors who are above the state median income generally are eligible for chapter 7 because the expenses are high enough to be eligible. But, if your income is near your state's median, you should contact a seasoned bankruptcy in Harris County, GA.

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

Harris County, GA personal bankruptcy attorney

2010-05-12T05:06:00.000-04:00

In 2005 the US Bankruptcy Code was altered mandating 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 can 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 six months of filing for Chapter 7 bankruptcy. Also the debtor can also be made to undergo a financial education course prior to discharge of the debts. All individuals considering bankruptcy must consult with an experienced Harris 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 must undergo credit counseling with an agency approved by the United States Trustee's office. The United States Trustee’s website located at www.usdoj.gov/ist has the list of the approved agencies.. This counseling is meant to give the debtor an idea of whether there is a genuine need to file for bankruptcy or whether an informal repayment plan would will be sufficient.

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

Harris County, GA chapter 7 business bankruptcy attorney

2010-05-11T05:05:00.000-04:00

A Chapter 7 proceeding starts with the debtor filing a petition with the bankruptcy court. In addition to the petition, the debtor must also file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules and statements include the following information:
Details of of all creditors and the amount and nature of their claims;
The source, amount, and frequency of the debtor's income;
A list of all of the debtor's property; and
Details of of the debtor's monthly living expenses (food, clothing, shelter, utilities, taxes, transportation, medicine, etc.).
Businesses intending to file Chapter 7 should seek the assistance of a seasoned Harris County, GA chapter 7 business bankruptcy attorney as the chapter 7 business bankruptcy process is complex.

In Chapter 7, the company ceases all activities and exits the business completely. A trustee is appointed to liquidate the company's assets and the amount is used to pay off the debt, which can include debts to creditors and investors.
The investors who take the least risk are paid first. Secured creditors take less risk because the credit that they extend is generally backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company files for bankruptcy protection.
Bondholders have greater potential of recovering their investments than stockholders, because bonds represent the debt of the company and the company has accepted to pay bondholders interest and to return their principal. Stockholders own the company, and take more risk. They could make more money if the company does well, but they could lose money if the company does poorly. The owners are the last to be repaid if the business fails. Bankruptcy regulations determine the order of payment.

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

Harris County, GA bankruptcy trustee

2010-05-10T05:04:00.000-04:00

A Harris County, GA bankruptcy trustee in may use, sell, or lease property in the debtor's estate in the usual course of business. In addition, the bankruptcy court may permit a trustee to operate the debtor's business for a limited period when continued operation is in the best interests of the all. For example, if the farm debtor is in the hog business and the estate consists of hogs of varying sizes, the trustee may be ordered to feed the hogs until they attain market weight so as to maximize the amount recovered by the estate. However, when the livestock owned by a farm debtor is subject to a valid, perfected security interest, the trustee will not, in almost all cases, undertake the continued care and feeding of the livestock. Instead, the trustee will likely abandon the property to limit the estate's continued responsibility. Though the appointment of a case trustee is very rare in a chapter 11 case, a party in interest or the United States trustee may seek the appointment of a case trustee or examiner at any time before confirmation in a chapter 11 proceeding. The court, on request by a party in interest or the United States trustee and subsequent to notice and hearing, can order the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests 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

Harris County, GA Chapter 13 attorney

2010-05-09T05:04:00.000-04:00

Any person, either self employed or working in any organization may file a chapter 13 bankruptcy in Harris County, GA and get protection under it. The only condition is that his unsecured debts must be below $336,900 and secured part of the debts less than $ 1,010,650. No corporation may seek help or file chapter 13. A person cannot file for chapter 13 when his bankruptcy application was dismissed 180 days prior to the filing. An experienced Harris County, GA Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Bankruptcy is a very bad situation to be in, for any individual or a party. But even in such difficult times, there are ways to tackle such situations. Chapter 13 Bankruptcy assists individuals only, to work out of financial crisis under the guidance of a federal bankruptcy court. A debtor with a regular income can restructure his financial position with the assistance of Chapter 13 Bankruptcy. The debtor should submit a plan with the help of which he or she can repay all his outstanding debts in three to five. Five years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Harris County, GA.

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

Harris County, GA individual bankruptcy attorney

2010-05-08T05:03:00.000-04:00

An individual can file for bankruptcy under Chapter 7 in Harris County, GA and can have certain debts discharged when they fullfil the necessary criteria. The necessary requirements were established under the BACCP Act and now include both a means test and also the necessity to receive credit counseling. The process is complicated and you must use the services of a Harris County, GA ndividual bankruptcy attorney
Before being allowed to file a Chapter 7 bankruptcy an individual must prove that their disposable income is below a certain limit which can vary slightly from state to state depending on the average income of the state.
The person is also required to have undergone credit counseling from an accredited organization at some stage in the 180 days before their bankruptcy petition.
Once the Chapter 7 petition has been filed in Harris County, GA, an impartial trustee is appointed to sell the non-exempt assets of the debtor. The trustee generally will be a lawyer or someone who knows the bankruptcy rules and the courts. The trustee will hold a meeting of creditors, generally within 40 days after the filing date. The debtor should attend the meeting and must provide to an examination under oath. The examination usually is restricted to questions concerning the extent and whereabouts of the debtor's assets. But, a trustee can ask questions that ensure the filer is aware of 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 initiation of a Chapter 7 proceeding in Harris County, GA under the United States Bankruptcy Code creates a bankruptcy estate. The trustee is entrusted with liquidating all property 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

Harris County, GA bankruptcy attorney

2010-05-07T04:59:00.000-04:00

Typically, people are worried about who will find out about their bankruptcy. Your employer and your landlord will not be informed. You may technically file for bankruptcy every eight years under Chapter 7. Under Chapter 13, you can file as many times as is necessary so long as you have paid at least 70% of your unsecured debt under your previous Chapter 13 filing.

All taxes will not be wiped out by filing bankruptcy. However, in Chapter 13, you will not be required to pay interest or penalties. In Chapter 7 some taxes may be discharged. A seasoned Harris County, GA bankruptcy attorney can help you distinguish between those that may be discharged from the others.
The bankruptcy process in Harris County, GA has become more complicated and needs detailed planning and consideration. Therefore selecting a competent bankruptcy attorney in Harris County, GA is more important now than ever before. Trying to go through this process by yourself is a huge error and so is the decision to file before talking to an experienced Harris County, GA bankruptcy attorney.

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

Harris County, GA Chapter 13 Bankruptcy attorney

2010-05-06T04:59:00.001-04:00

The Chapter 13 Bankruptcy has numerous added benefits over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, an individual can at least protect his house from foreclosure. All proceedings will come to halt if he files for Chapter 13 Bankruptcy. He will get a period of 3-5 years to pay back the creditors. A Chapter 13 Bankruptcy allows the individual to reallocate secured debts. It can over a period of time, lower the payments that he has to make. Finally a debtor will not have any connection or contact with his or her creditors once he or she has filed Chapter 13 Bankruptcy.
A Harris County, GA Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any individual, either self employed or working in any organization may file a chapter 13 bankruptcy in Harris County, GA and secure protection under it. The only criteria is that his unsecured debts must be lower than $336,900 and secured part of the debts below $ 1,010,650. No organization may seek help or file chapter 13. An individual cannot file for chapter 13 if his bankruptcy application was dismissed 180 days prior to the filing.

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

Harris County, GA Chapter 7 attorney

2010-05-05T04:58:00.000-04:00

Chapter 7 deals with liquidating the filer’s assets rather than repayment. Earlier filers could choose whether they wanted Chapter 7 or 13. But now, if their income is high, they do not have a choice and should file under Chapter 13. In order to file Chapter 7, the filer must prove that his disposable income is less than a certain low sum of money. Consult with an experienced Harris County, GA Chapter 7 attorney to know if you qualify for Chapter 7. For Chapter 7, assets are liquidated and the proceeds are used to repay the debtor’s debts. Chapter 13 involves repayment. All income is used for paying off creditors. When available income is more than that of the median in Georgia, the debtor’s allowable expenses will be decided by the IRS. This amount should come out of the filer's income during the six-month period before the filing. A chapter 11 debtor has a one-time absolute right to convert the chapter 11 proceeding to a case under chapter 7 except if (1) the debtor is not a debtor in possession, (2) the case initially was started as an involuntary proceeding under chapter 11, or (3) the proceeding was converted to a proceeding under chapter 11 but not at the debtor's request. A debtor in a chapter 11 proceeding does not have an absolute right to have the case dismissed upon request. There are major exceptions to the conversion process in a chapter 11 proceeding. Unless the debtor requests the conversion, section 1112(c) of the United States Bankruptcy Code does not allow the court to convert a case involving a farmer or charitable institution to a liquidation case under chapter 7.

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

Harris County, GA farm bankruptcy attorney

2010-05-04T04:56:00.000-04:00

Chapter 11 allows the debtor to operate its business by means of a plan of reorganization, that should meet certain statutory criteria. By creating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it may continue to operate, provide its employees with jobs, pay its creditors, and produce a return for its stockholders. As chapter 11 deals with an ongoing business, the most likely individuals to have knowledge and details of the business are the present managers who often continue operations during the chapter 11 proceeding. The main rationale of business reorganizations is that the value of an ongoing is greater than it would be if its assets were liquidated. Chapter 12 is a U.S. bankruptcy proceeding intended for family farms or fisheries which gives the farm or fishery owner the ability to reorganize his or her finances and debts while still keeping the farm or fishery. The farm or fishery owner should co-ordinate with a bankruptcy trustee and creditors to formulate a payment program that will meet his or her owner obligations. This Chapter 12 proceeding in Harris County, GA is available for individually run family farms and fisheries as well as those owned by a corporation or partnership. Chapter 12 was created in 1986 epecially for farms and fisheries to make the bankruptcy process easier for these types of businesses. Before Chapter 12, farmers would have to either file for protection under Chapter 11, which can be very expensive and is mainly for large companies, or Chapter 13, which is essentially for those with relatively small outstanding debts (typically not the case for farms and fisheries). Farm debtors considering bankruptcy must consult a Harris County, GA farm bankruptcy attorney to know about the options.

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

Bankruptcy in Athens, Georgia

2010-05-03T04:56:00.000-04:00

Title 11 of the United States Code contains the federal bankruptcy law. The US Constitution, in Section 8, grants Congress the power to create uniform laws on the subject of bankruptcies all over the US. States don’t regulate bankruptcy but they can pass statutes that influence other aspects of the debtor-creditor relationship. Therefore it is important to understand the federal rules that are applicable to bankruptcy as well as any state laws that are applicable.
Since April 2005 some major changes to bankruptcy rules were made by the Bankruptcy Abuse Prevention and Consumer Protection Act, affecting all bankruptcies filed after October 2005. The assets in Individual Retirement Accounts are exempt assets and cannot be sold to pay creditors. To restrict the availability of a Chapter 7 discharge of debt, the rules have been significantly revised. A Means test now determines eligibility for filing Chapter 7. Debtors must participate in approved credit counseling prior to filing for bankruptcy. Filing fees have been increased and subsequently attorney fees have also gone up.
There is a lot of misinformation available there for persons contemplating bankruptcy. If you are thinking about filing bankruptcy, there is no reason to be alarmed by this test. If you are well below the state median income, this change will not affect you. Even debtors who are above the state median income generally can qualify for chapter 7 because the expenses are way too high to be eligible. However, if you have an income near your state's median, you must consult a seasoned bankruptcy in Athens, Georgia.

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

Athens, Georgia personal bankruptcy attorney

2010-05-02T04:55:00.000-04:00

In 2005 the Federal Bankruptcy Code was altered mandating that debtors qualify to file for Chapter 7 bankruptcy. The debtor has to first take the Means Test. If the Means Test shows that the debtor qualifies to file for a Chapter 7 bankruptcy then it is important to know that there are other requirements. All individuals filing for Chapter 7 bankruptcy protection has to attend a debt counseling course within six months of filing for Chapter 7 bankruptcy. Also the debtor can also be made to undergo a financial education course before discharge of the debts. All individuals considering bankruptcy should consult with an experienced Athens, Georgia personal bankruptcy as the changes to US Bankruptcy Code have now made it tough to qualify for Chapter 7. Before you can file for bankruptcy under either Chapter 7 or Chapter 13, you must complete credit counseling with an agency approved by the United States Trustee's office. The United States Trustee’s website located at www.usdoj.gov/ist has the list of the approved agencies.. This counseling is meant to give you an idea of whether there exists a real need to file for bankruptcy or whether an informal repayment plan would 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

Athens, Georgia chapter 7 business bankruptcy attorney

2010-05-01T04:54:00.000-04:00

A Chapter 7 case starts when the debtor filing a petition with the bankruptcy court. In addition to the petition, the debtor is also required to file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules and statements must contain the following information:
A list of all creditors and the amount and nature of their claims;
The source, amount, and frequency of the debtor's income;
A list of all of the debtor's property; and
Details of of the debtor's monthly living expenses (food, clothing, shelter, utilities, taxes, transportation, medicine, etc.).
Businesses intending to file Chapter 7 must seek the assistance of a seasoned Athens, Georgia chapter 7 business bankruptcy attorney since the chapter 7 business bankruptcy process is complex.

In Chapter 7, the company ceases its operations and goes completely out of business. A trustee is appointed to sell the business’s assets and the money is used to clear the debt, which can include debts to creditors and investors.
The first to be paid are the investors who take the least risk. Secured creditors take less risk as the credit that they extend is usually backed by collateral, like a mortgage or other assets of the business. They realize they will be paid first if the company declares bankruptcy.
Bondholders have more potential for recovering their investments unlike stockholders, because bonds represent the debt of the business and the company has agreed to pay bondholders interest and to pay back their principal. Stockholders own the company, and take greater risk. They can make larger amounts of money if the business does well, but they can lose money if the company does badly. The owners are the last to be repaid if the company closes. Bankruptcy regulations determine the order of payment.

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

Athens, Georgia bankruptcy trustee

2010-04-30T04:53:00.000-04:00

A Athens, Georgia bankruptcy trustee in may use, sell, or lease property in the filer’s estate in the ordinary course of business. In addition, a bankruptcy court can allow the trustee to operate the debtor's business for a limited period when continued operation is in the best interests of the all. For instance, if the farm debtor is in the hog business and the estate consists of hogs of different sizes, the trustee may be allowed to feed the hogs until they attain market weight so as to maximize the amount recovered by the estate. But, when the livestock owned by a farm debtor is subject to a valid, perfected security interest, the trustee will not, in most cases, undertake the further care and feeding of the livestock. Instead, the trustee will likely abandon the property so as to limit the estate's continued responsibility. Even though the appointment of a case trustee is rarely occurs in a chapter 11 case, a party in interest or the United States trustee may seek the appointment of a case trustee or examiner at any time before confirmation in a chapter 11 case. The court, on request by a party in interest or the United States trustee and upon notice and hearing, can order the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests 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

Athens, Georgia Chapter 13 attorney

2010-04-29T04:53:00.000-04:00

Any person, either self employed or employed with an organization can file a chapter 13 bankruptcy in Athens, Georgia and seek protection under it. The only condition is that the unsecured debts should be less than $336,900 and secured part of the debts less than $ 1,010,650. No organization can seek assistance or file chapter 13. A person cannot file for chapter 13 when his bankruptcy petition was dismissed 180 days before the filing. An experienced Athens, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Bankruptcy is a really terrible state to be in, for any person or an organization. But even in such difficult times, there are ways to handle such situations. Chapter 13 Bankruptcy helps individuals only, to work out of financial crisis under the guidance of a federal bankruptcy court. A debtor having a regular income can restructure his financial position with the help of Chapter 13 Bankruptcy. The debtor should submit a plan with the help of which he or she can repay all his outstanding debts in 3 to 5 years. Five years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Athens, Georgia.

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

Athens, Georgia individual bankruptcy attorney

2010-04-28T04:52:00.000-04:00

An individual can file for bankruptcy under Chapter 7 in Athens, Georgia and can have certain debts discharged if they fullfil the necessary requirements. These necessary requirements were formulated by the BACCP Act and now has both a means test and the necessity to undergo credit counseling. The process is complicated and you should use the services of a Athens, Georgia ndividual bankruptcy attorney
Before being permitted to file a Chapter 7 bankruptcy a person should prove that their disposable income falls below a certain threshold which can vary slightly from state to state based on the average income of that state.
The individual will also need to have received credit counseling from an accredited organization at some stage in the 180 days before their bankruptcy petition.
When the Chapter 7 petition has been filed in Athens, Georgia, an impartial trustee is appointed to liquidate the non-exempt assets of the debtor. The trustee generally will be an attorney or an individual who is aware of the bankruptcy laws and the courts. The trustee should hold a meeting of creditors, usually within 40 days after the date of filing. The debtor should appear at this meeting and should submit to an examination under oath. The examination generally is limited to questions about the extent and whereabouts of the filer’s assets. But, a trustee can ask questions to ensure the filer understands 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 initiation of a Chapter 7 petition in Athens, Georgia under the US Bankruptcy Code creates a bankruptcy estate. A trustee is entrusted 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

Athens, Georgia bankruptcy attorney

2010-04-27T04:51:00.000-04:00

Generally, people are concerned about who will know about their bankruptcy. Your employer and your landlord will not be notified. You may technically file for bankruptcy every eight years under Chapter 7. In Chapter 13, you may file as many times as is required so long as you have paid at least 70% of the unsecured debt under your previous Chapter 13 filing.

All taxes are not discharged by filing bankruptcy. However, under Chapter 13, you may not have to pay interest or penalties. In Chapter 7 few taxes can be discharged. A seasoned Athens, Georgia bankruptcy attorney can asssit you distinguish between those that may qualify from the others.
The bankruptcy procedure in Athens, Georgia has become more complicated and needs careful planning and consideration. So choosing a competent bankruptcy attorney in Athens, Georgia is more important now than ever before. Attempting to go through the process all alone is a huge mistake and so is the decision to file before talking to an experienced Athens, Georgia bankruptcy attorney.

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

Athens, Georgia Chapter 13 Bankruptcy attorney

2010-04-26T04:50:00.000-04:00

The Chapter 13 Bankruptcy has numerous additional advantages over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, the individual can at least protect his home from foreclosure. All proceedings will be stayed if he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off the creditors. A Chapter 13 Bankruptcy permits the individual to reallocate secured debts. It can over a time period, reduce the payments that he should make. Finally the debtor will not have any connection or contact with his or her creditors while he or she has filed Chapter 13 Bankruptcy.
A Athens, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any person, either self employed or employed with any organization may file a chapter 13 bankruptcy in Athens, Georgia and obtain protection under it. The only criteria is that the unsecured debts must be below $336,900 and secured part of the debts lower than $ 1,010,650. No corporation can seek help or file chapter 13. A person cannot file for chapter 13 if his bankruptcy application was dismissed 180 days before the filing.

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

Athens, Georgia Chapter 7 attorney

2010-04-25T04:50:00.000-04:00

Chapter 7 is about selling the debtor’s assets rather than repayment. Earlier debtors could determine whether they wanted Chapter 7 or 13. However now, if their income is high, they may not have a choice and should file for Chapter 13. To file Chapter 7, the filer should prove that his disposable income is less than a certain low sum of money. Consult with an experienced Athens, Georgia Chapter 7 attorney to know if you qualify for Chapter 7. In Chapter 7, assets are liquidated and the proceeds are used to repay the filer's creditors. Chapter 13 is about repayment. All income is used for paying off creditors. If available income is greater than that of the median in Georgia, the filer's permitted expenses will be decided by the IRS. The amount must come out of the filer's income during the six-month period prior to the filing. A chapter 11 debtor has a one-time absolute right to convert the chapter 11 proceeding to a proceeding under chapter 7 except if (1) the debtor is not a debtor in possession, (2) the proceeding originally was started as an involuntary proceeding under chapter 11, or (3) the case was converted to a proceeding under chapter 11 other than at the debtor's request. A debtor in a chapter 11 case does not have an absolute right to have the case dismissed upon request. There are important exceptions to the conversion process in a chapter 11 proceeding. Except when the debtor requests the conversion, section 1112(c) of the Federal Bankruptcy Code does not permit the court to convert a proceeding involving a farmer or charitable institution to a liquidation proceeding under chapter 7.

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

Athens, Georgia farm bankruptcy attorney

2010-04-24T04:46:00.000-04:00

Chapter 11 allows the debtor to operate its business through a plan of reorganization, which must fulfill certain statutory criteria. By legislating chapter 11, the Congress provided the debtor a chance to restructure its finances so that it can continue to operate, provide its employees with jobs, pay its creditors, and produce a return for its stockholders. Since chapter 11 deals with an ongoing business, the most likely persons who have knowledge and details of the operation are the present managers who often continue operations during the chapter 11 proceeding. The main rationale behind business reorganizations is that the value of a business as an ongoing concern is greater than it would be if its assets were liquidated. Chapter 12 is a U.S. bankruptcy proceeding specifically for family farms or fisheries which gives the farm or fishery owner the opportunity to reorganize his or her finances and debts while at the same time keeping the farm or fishery. The farm or fishery owner must co-ordinate with the bankruptcy trustee and creditors to fix a payment program that will meet his or her owner obligations. The Chapter 12 proceeding in Athens, Georgia is available for individually run family farms and fisheries and also those owned by a corporation or partnership. Chapter 12 was created in 1986 epecially for farms and fisheries to make the bankruptcy process easier for such businesses. Before Chapter 12, farmers would have to either file for protection under Chapter 11, which can be very expensive and is mainly for large corporations, or Chapter 13, which is mainly for those with comparatively small outstanding debts (generally not the case for farms and fisheries). Farm debtors considering bankruptcy must consult a Athens, Georgia farm bankruptcy attorney to know about the options.

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

Bankruptcy in Athens-Clarke County, Georgia

2010-04-23T04:45:00.000-04:00

Bankruptcy law is a federal statutory law contained in Title 11 of the United States Code. The United States Constitution, in Section 8, gives Congress the power to create uniform rules on the subject of bankruptcies throughout the US. States do not regulate bankruptcy but they may pass laws that affect other areas of the debtor-creditor relationship. So it is important to know the federal rules that apply to bankruptcy as well as any state laws that are applicable.
In April 2005 some big changes to bankruptcy laws were made by the Bankruptcy Abuse Prevention and Consumer Protection Act, affecting all bankruptcies filed after October 2005. The assets in Individual Retirement Accounts are exempt assets and cannot be sold to pay creditors. To restrict the availability of a Chapter 7 discharge of debt, the guidelines have been significantly revised. A Means test now governs if you are eligible for filing Chapter 7. Debtors should take part in approved credit counseling prior to filing for bankruptcy. Filing fees were increased and as a result attorney fees have also increased.
There is a great amount of misinformation out there for debtors contemplating bankruptcy. If you are considering about filing bankruptcy, there is no reason to worry by the means test. If you are well below the state median income, this change will not affect you. Even debtors who are above the state median income often can qualify for chapter 7 as the expenses are way too high to be eligible. However, if you have an income near your state's median, you must contact a seasoned bankruptcy in Athens-Clarke County, Georgia.

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

Athens-Clarke County, Georgia personal bankruptcy attorney

2010-04-22T04:44:00.000-04:00

In 2005 the United States Bankruptcy Code was altered requiring that individuals qualify to seek protection under Chapter 7 bankruptcy. The debtor should first take the Means Test. If the Means Test shows that the debtor can file for a Chapter 7 bankruptcy then it is important to understand that there are more requirements. All individuals filing for Chapter 7 bankruptcy protection must attend a debt counseling course within six months of filing for Chapter 7 protection. In addition the debtor will also be required to attend a financial education course prior to discharge of the debts. All individuals considering bankruptcy must consult with an experienced Athens-Clarke County, Georgia personal bankruptcy because the changes to US 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 must 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 exists a real 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

Athens-Clarke County, Georgia chapter 7 business bankruptcy attorney

2010-04-21T04:43:00.000-04:00

A Chapter 7 proceeding begins with the debtor filing a petition with the bankruptcy court. In addition to the petition, the debtor should also file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules and statements include the following information:
Details of of all creditors and the amount and nature of their claims;
The source, amount, and frequency of the debtor's income;
Details of of all of the debtor's property; and
Details of of the debtor's monthly living expenses (food, clothing, shelter, utilities, taxes, transportation, medicine, etc.).
Businesses intending to file Chapter 7 must seek the help of a seasoned Athens-Clarke County, Georgia chapter 7 business bankruptcy attorney since the chapter 7 business bankruptcy process is complicated.

Under Chapter 7, the business stops all operations and goes completely out of business. A trustee is appointed to liquidate the business’s assets and the money is used to pay off the debt, which may include debts to creditors and investors.
The first to be paid are the investors who take the least risk. Secured creditors take less risk due to the fact that the credit that they give is generally backed by collateral, like a mortgage or other assets of the business. They know they will get paid first if the business declares bankruptcy.
Bondholders have greater chances for getting back their investments unlike stockholders, as bonds represent the debt of the business and the company has agreed to pay bondholders interest and to pay back their principal. Stockholders own the company, and take greater risk. They can make more money if the business does well, but they can lose money if the business does poorly. The owners are the last to be repaid if the business closes. Bankruptcy rules determine the order of payment.

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

Athens-Clarke County, Georgia bankruptcy trustee

2010-04-20T04:41:00.000-04:00

A Athens-Clarke County, Georgia bankruptcy trustee in can use, sell, or lease property in the debtor's estate in the ordinary course of business. Besides, a bankruptcy court will allow the trustee to operate the filer’s business for a certain time when continued operation is in the best interests of the all. For example, if the farm debtor is in the hog business and the estate is made of hogs of varying sizes, the trustee can be ordered to feed the hogs till they attain market weight so as to maximize the amount recovered by the estate. But, when the livestock owned by a farm debtor is subject to a valid, perfected security interest, the trustee will not, in almost all cases, undertake the continued care and feeding of the livestock. Instead, he may abandon the property to limit the estate's continued responsibility. Though the appointment of a case trustee is very rare in a chapter 11 case, a party in interest or the United States trustee can apply for the appointment of a case trustee or examiner at any time prior to confirmation in a chapter 11 proceeding. The judge, on request by a party in interest or the United States trustee and subsequent to notice and hearing, can direct the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests 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

Athens-Clarke County, Georgia Chapter 13 attorney

2010-04-19T04:40:00.000-04:00

Any person, either self employed or working in any organization can file a chapter 13 bankruptcy in Athens-Clarke County, Georgia and secure protection under it. The only condition is that his unsecured debts should be lower than $336,900 and secured part of the debts lower than $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 if his bankruptcy petition was dismissed 180 days before the filing. An experienced Athens-Clarke County, Georgia Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Bankruptcy is a really bad situation to be in, for any individual or a party. However even in such tough times, there are ways to handle such situations. Chapter 13 Bankruptcy helps individuals only, to come out of financial crisis under the guidance of a federal bankruptcy court. The debtor with a regular income can restructure his financial position with the assistance of Chapter 13 Bankruptcy. The debtor should propose a plan with the assistance of which he or she can repay all his outstanding debts in three to five. 5 years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Athens-Clarke County, Georgia.

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

Athens-Clarke County, Georgia individual bankruptcy attorney

2010-04-18T04:39:00.000-04:00

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

Athens-Clarke County, Georgia bankruptcy attorney

2010-04-17T04:38:00.000-04:00

Typically, people are concerned about who will know about their bankruptcy. Your employer and your landlord will not be notified. You may technically file for bankruptcy every eight years under Chapter 7. Under Chapter 13, you can file as many times as is necessary as long as you have paid at least 70% of the unsecured debt in your last Chapter 13 filing.

All taxes will not be wiped out by filing bankruptcy. But, under Chapter 13, you will not be required to pay interest or penalties. Under Chapter 7 some taxes can be discharged. A good Athens-Clarke County, Georgia bankruptcy attorney could help you distinguish between those that may qualify from the others.
The bankruptcy procedure in Athens-Clarke County, Georgia has become more complicated and needs careful planning and consideration. Therefore selecting a competent bankruptcy attorney in Athens-Clarke County, Georgia is more important now than ever before. Attempting to go through the procedure all alone is a big error and so is the decision to file before talking to an experienced Athens-Clarke County, Georgia bankruptcy attorney.

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

Athens-Clarke County, Georgia Chapter 13 Bankruptcy attorney

2010-04-16T04:37:00.000-04:00

A Chapter 13 Bankruptcy has numerous added benefits over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in a Chapter 13 Bankruptcy, an individual can at least protect his house from foreclosure. All proceedings will come to halt after he files for Chapter 13 Bankruptcy. He will get a period of 3-5 years to pay back the debts. The Chapter 13 Bankruptcy permits the individual to reallocate secured debts. It can over a period of time, lower the payments that he should make. Finally the debtor will have no connection or contact with his or her creditors when he or she has filed Chapter 13 Bankruptcy.
A Athens-Clarke County, Georgia Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Any individual, either self employed or employed with any organization can file a chapter 13 bankruptcy in Athens-Clarke County, Georgia and seek protection under it. The only criteria is that the unsecured debts should be lower than $336,900 and secured part of the debts below $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 if his bankruptcy petition was dismissed 180 days before the filing.

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

Athens-Clarke County, Georgia Chapter 7 attorney

2010-04-15T04:36:00.000-04:00

Chapter 7 is about liquidating the filer’s assets rather than repayment. Previously filers could select whether they wanted Chapter 7 or 13. But now, if their income is high, they may not have a choice and must file under Chapter 13. To file Chapter 7, a debtor should establish that his disposable income is less than a certain low sum of money. Contact with an experienced Athens-Clarke County, Georgia Chapter 7 attorney to know if you qualify for Chapter 7. For Chapter 7, assets are sold and the proceeds are used to pay off the filer's creditors. Chapter 13 involves repayment. All income is used for repaying creditors. If available income is greater than that of the median in Georgia, the debtor’s allowable expenses will be determined by the IRS. This amount should come out of the filer's income during the six-month period prior to the filing. A chapter 11 debtor has a one-time absolute right to convert the chapter 11 case to a case under chapter 7 except if (1) the debtor is not a debtor in possession, (2) the case originally was filed as an involuntary proceeding under chapter 11, or (3) the case was converted to a proceeding under chapter 11 other than at the debtor's request. A debtor in a chapter 11 case does not have an absolute right to have the proceeding dismissed upon request. There are major exceptions to the conversion process in a chapter 11 case. Except when the debtor requests the conversion, section 1112(c) of the United States Bankruptcy Code does not permit the court to convert a case involving a farmer or charitable institution to a liquidation case under chapter 7.

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

Athens-Clarke County, Georgia farm bankruptcy attorney

2010-04-14T04:32:00.001-04:00

Chapter 11 permits the debtor to operate its business through a plan of reorganization, which must meet certain legal criteria. By legislating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it can continue to operate, provide employment, pay its creditors, and provide a return for its stockholders. Since chapter 11 envisions an ongoing business, the most likely individuals to have knowledge and details of the operation are the present managers who often continue operations during the chapter 11 case. A major rationale of business reorganizations is that the value of a business as an ongoing concern is much more than it would be if its assets were liquidated. Chapter 12 is a U.S. bankruptcy proceeding meant for family farms or fisheries that provides the farm or fishery owner the ability to reorganize his or her finances and debts while still retaining the farm or fishery. The farm or fishery owner will co-ordinate with a bankruptcy trustee and creditors to fix a payment program that will satisfy his or her owner obligations. A Chapter 12 proceeding in Athens-Clarke County, Georgia can be availed by individually run family farms and fisheries and even those owned by a corporation or partnership. Chapter 12 was enacted in 1986 epecially for farms and fisheries to make the bankruptcy process easier for such businesses. Before Chapter 12, farmers had to either file for protection under Chapter 11, which was very costly and is mainly for large companies, or Chapter 13, which is basically for those with relatively small outstanding debts (often not the case for farms and fisheries). Farm debtors looking to file for bankruptcy must consult a Athens-Clarke County, Georgia farm bankruptcy attorney to know about the options.

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

Bankruptcy in Athens, GA

2010-04-13T04:32:00.000-04:00

Title 11 of the United States Code contains the federal bankruptcy law. The The Constitution of the United States, in Section 8, grants Congress the power to establish uniform laws on the subject of bankruptcies all over the United States. States don’t regulate bankruptcy but they may pass statutes that influence other aspects of the debtor-creditor relationship. So it is important to understand the federal laws that are applicable to bankruptcy as well as any state laws that are applicable.
In April 2005 some big changes to bankruptcy rules were made by the Bankruptcy Abuse Prevention and Consumer Protection Act, affecting all bankruptcies filed after October 2005. The assets in Individual Retirement Accounts are protected and are exempt from liquidation to pay creditors. To limit the availability of a Chapter 7 discharge of debt, the regulations have been significantly revised. A Means test now governs eligibility for filing Chapter 7. Debtors should attend in approved credit counseling prior to filing for bankruptcy. Filing fees have been increased and as a result attorney fees have also increased.
There is a great amount of misinformation available there for persons contemplating bankruptcy. If you are thinking about filing bankruptcy, there is no reason to be alarmed by this test. If you are well below the state median income, you will be unaffected. Even debtors who are above the state median income often can qualify for chapter 7 as the expenses are way too high to qualify. However, if your income is near your state's median, you might want to consult a seasoned bankruptcy in Athens, GA.

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

Athens, GA personal bankruptcy attorney

2010-04-12T04:31:00.000-04:00

In 2005 the Federal Bankruptcy Code was changed mandating that individuals qualify to file for Chapter 7 bankruptcy. The debtor has to first take the Means Test. If the Means Test shows that the debtor qualifies to file for a Chapter 7 bankruptcy then it is important to know that there are other requirements. All individuals seeking Chapter 7 bankruptcy protection must undergo a debt counseling course within six months of filing for Chapter 7 bankruptcy. In addition the debtor can also be made to complete a financial education course before discharge of the debts. All individuals considering bankruptcy should consult with an experienced Athens, GA personal bankruptcy since the changes to United States Bankruptcy Code have now made it tough to qualify for Chapter 7. Prior to filing for bankruptcy under either Chapter 7 or Chapter 13, you should complete credit counseling with an agency approved by the United States Trustee's office. You can get the list of approved agencies from the United States Trustee’s website located at www.usdoj.gov/ust. This counseling is meant to provide the debtor an idea of whether there exists a real requirement to file for bankruptcy or whether an informal repayment plan would will be sufficient.

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

Athens, GA chapter 7 business bankruptcy attorney

2010-04-11T04:30:00.000-04:00

A Chapter 7 case begins when the debtor filing a petition with the bankruptcy court. Along with the petition, the debtor must also file with the court several schedules of assets and liabilities, details of current income and expenditures, a statement of financial affairs, and details of executory contracts and unexpired leases. The schedules and statements must contain the following information:
A list of all creditors and the amount and nature of their claims;
The source, amount, and frequency of the debtor's income;
Details of of all of the debtor's property; and
A detailed list of the debtor's monthly living expenses (food, clothing, shelter, utilities, taxes, transportation, medicine, etc.).
Businesses intending to file Chapter 7 should seek the assistance of a seasoned Athens, GA chapter 7 business bankruptcy attorney as the chapter 7 business bankruptcy process is complex.

In Chapter 7, the company ceases all operations and goes completely out of business. A trustee is appointed to sell the company's assets and the amount is used to pay off the debt, which can include debts to creditors and investors.
The investors who take the least risk are paid first. Secured creditors take less risk as the credit that they extend is generally backed by collateral, like a mortgage or other assets of the company. They know they will get paid first if the business files for bankruptcy protection.
Bondholders have more chances of recovering their investments unlike stockholders, as bonds represent the debt of the company and the business has agreed to pay bondholders interest and to pay back their principal. Stockholders own the business, and take more risk. They could make larger amounts of money when the company does well, but they could lose money if the company does poorly. The owners are last in line to be repaid if the business closes. Bankruptcy laws decide the order of payment.

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

Athens, GA bankruptcy trustee

2010-04-10T04:29:00.000-04:00

A Athens, GA bankruptcy trustee in can use, sell, or lease property in the debtor's estate in the ordinary course of business. Besides, a bankruptcy court can permit a trustee to operate the debtor's business for a certain time when continued operation is in the best interests of the estate and the creditors. For instance, when the farm debtor is in the hog business and the estate is made of hogs of different sizes, the trustee may be authorized to feed the hogs till they attain market weight so as to maximize the amount recovered by the estate. But, if the livestock owned by a farm debtor is subject to a valid, perfected security interest, the trustee will not, in almost all cases, undertake the continued care and feeding of the livestock. Instead, the trustee may abandon the property to restrict the estate's continued responsibility. Though the appointment of a case trustee is very rare in a chapter 11 case, a party in interest or the United States trustee can apply for the appointment of a case trustee or examiner at any time before confirmation in a chapter 11 proceeding. The judge, on request by a party in interest or the United States trustee and subsequent to notice and hearing, may direct the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the interest of creditors, any equity security holders, and other interests 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

Athens, GA Chapter 13 attorney

2010-04-09T04:27:00.000-04:00

Any individual, either self employed or employed with an organization may file a chapter 13 bankruptcy in Athens, GA and obtain protection under it. The only criteria is that the unsecured debts should be lower than $336,900 and secured part of the debts less than $ 1,010,650. No organization can seek assistance or file chapter 13. A person cannot file for chapter 13 when his bankruptcy application was dismissed 180 days prior to the filing. An experienced Athens, GA Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Bankruptcy is a very terrible situation to be in, for any individual or an organization. But even in such tough times, there are ways to tackle such situations. Chapter 13 Bankruptcy assists individuals only, to work out of financial crisis under the guidance of a federal bankruptcy court. A debtor with a regular income can restructure his financial position with the help of Chapter 13 Bankruptcy. The debtor has to propose a plan with the assistance of which he or she can repay all his outstanding debts in 3 to 5 years. 5 years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Athens, GA.

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

Athens, GA individual bankruptcy attorney

2010-04-08T04:25:00.000-04:00

An individual can file for bankruptcy under Chapter 7 in Athens, GA and can have certain debts discharged when they fullfil the necessary requirements. The necessary requirements were established by the BACCP Act and now has both a means test and also the requirement to undergo credit counseling. The process is complicated and you must use the services of a Athens, GA ndividual bankruptcy attorney
Before being permitted to file a Chapter 7 bankruptcy an individual must show that their disposable income falls below a certain threshold which may vary slightly from state to state based on the average income of that state.
The individual is also required to have received credit counseling from an accredited organization at some stage in the 180 days prior to the bankruptcy petition.
When the Chapter 7 petition has been filed in Athens, GA, an impartial trustee is appointed to liquidate the non-exempt assets of the filer. The trustee often will be an attorney or an individual who is familiar with the bankruptcy laws and the legal systerm. The trustee must call a meeting of creditors, generally within 40 days after the date of filing. The filer must attend this meeting and must provide to an examination under oath. The examination often is restricted to questions concerning the extent and whereabouts of the filer’s assets. However, a trustee may ask questions to ensure the filer knows the potential 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 case in Athens, GA under the Federal Bankruptcy Code creates a bankruptcy estate. The trustee is charged with selling all property 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

Athens, GA bankruptcy attorney

2010-04-07T04:25:00.000-04:00

Generally, people are worried about who will find out about their bankruptcy. Your employer and your landlord will not be informed. You can technically file for bankruptcy every eight years under Chapter 7. Under Chapter 13, you can file as many times as is required as long as you have paid at least 70% of your unsecured debt under your previous Chapter 13 filing.

All taxes will not be discharged by filing bankruptcy. However, under Chapter 13, you will not have to pay interest or penalties. Under Chapter 7 few taxes can be discharged. A good Athens, GA bankruptcy attorney can help you distinguish between those that may qualify from the others.
The bankruptcy procedure in Athens, GA has become more complex and needs careful planning and consideration. Hence selecting a competent bankruptcy attorney in Athens, GA is more important now than ever before. Attempting to go through the procedure all alone is a huge mistake and so is the decision to file before talking to an experienced Athens, GA bankruptcy attorney.

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

Athens, GA Chapter 13 Bankruptcy attorney

2010-04-06T04:23:00.000-04:00

The Chapter 13 Bankruptcy has many additional advantages over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in a Chapter 13 Bankruptcy, an individual can at least protect his home from foreclosure. All proceedings will come to halt if he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off his creditors. The Chapter 13 Bankruptcy permits an individual to reallocate secured debts. It can over a time period, lower the payments which he must make. Finally a debtor will have no connection or contact with the creditors when he or she has filed Chapter 13 Bankruptcy.
A Athens, GA Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Any person, either self employed or working in an organization can file a chapter 13 bankruptcy in Athens, GA and secure protection under it. The only criteria is that his unsecured debts must be less than $336,900 and secured part of the debts below $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 when his bankruptcy petition was dismissed 180 days prior to the filing.

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

Athens, GA Chapter 7 attorney

2010-04-05T04:22:00.000-04:00

Chapter 7 is about selling the debtor’s assets rather than repayment. Previously filers could decide whether they wanted Chapter 7 or 13. However now, if their income is high, they may not have a choice and will have to file under Chapter 13. In order to file Chapter 7, the debtor must establish that his disposable income is less than a certain low sum of money. Consult with an experienced Athens, GA Chapter 7 attorney to know if you qualify for Chapter 7. For Chapter 7, assets are sold and the proceeds are used to pay off the debtor’s debts. Chapter 13 involves repayment. All income is used for paying off creditors. When available income is greater than that of the median in Georgia, the filer's allowable expenses will be decided by the IRS. This amount should come out of the filer's income during the six-month period preceding the filing. The chapter 11 debtor has a one-time absolute right to convert the chapter 11 case to a case under chapter 7 unless (1) the debtor is not a debtor in possession, (2) the case initially was started as an involuntary case under chapter 11, or (3) the proceeding was converted to a case under chapter 11 other than at the debtor's request. The debtor in a chapter 11 proceeding does not have an absolute right to have the case dismissed upon request. There are important exceptions to the conversion process in a chapter 11 case. Except when the debtor requests the conversion, section 1112(c) of the US Bankruptcy Code does not allow the court to convert a proceeding involving a farmer or charitable institution to a liquidation case under chapter 7.

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

Athens, GA farm bankruptcy attorney

2010-04-04T04:17:00.000-04:00

Chapter 11 allows the debtor to run its business through a plan of reorganization, which should fulfill certain statutory requirements. By creating chapter 11, the Congress provided the debtor a chance to restructure its finances so that it may continue to operate, provide employment, pay its creditors, and produce a return for its stockholders. Since chapter 11 deals with an ongoing business, the most likely individuals to have knowledge and details of the business will be the present managers who often continue operations during the chapter 11 proceeding. A major rationale behind business reorganizations is that the value of an ongoing is much more than it would be if its assets were liquidated. Chapter 12 is a U.S. bankruptcy chapter especially for family farms or fisheries which provides the farm or fishery owner the ability to reorganize his or her finances and debts while still keeping the farm or fishery. The farm or fishery owner should co-ordinate with a bankruptcy trustee and creditors to fix a payment program that will satisfy his or her owner obligations. This Chapter 12 proceeding in Athens, GA can be availed by individually run family farms and fisheries and also those owned by a corporation or partnership. Chapter 12 was enacted in 1986 exclusively for farms and fisheries to make the bankruptcy process easier for these types of businesses. Before Chapter 12, farmers would have to either file for protection under Chapter 11, which was very costly and is mainly for big corporations, or Chapter 13, which is mainly for those with comparatively small outstanding debts (often not the case for farms and fisheries). Farm debtors considering bankruptcy should contact a Athens, GA farm bankruptcy attorney to know about the options.

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

Why hire a Athens, GA Bankruptcy attorney

2010-04-03T01:34:00.000-04:00

Why hire a Athens, GA Bankruptcy attorney

Before electing to file bankruptcy yourself, ask a few questions.
1. Do you understand the means test?
2. How long does it take to discharge a bankruptcy?
3. Do you understand the Summary of Schedules?
4. Do you understand the Schedule D, E or F?

If you [are unable answer these questions without seeking help from the Internet, you are probably not prepared to file bankruptcy yourself. These Schedules are simply a minute part of the filing process. Bankruptcy lawyers in Athens, GA are professionals who understand how to function with the legal system to make the process of discharging debt as quick and painless as possible. There are few people like a bankruptcy lawyer who are knowledgeable enough about law to handle an immediate or emergency request for filing from the court and one mistake can cause debts not being discharged or the bankruptcy being drawn out over months and months.

Eliminating that fear when the phone rings can be a quick and easy process. Debt that is riding over your head can be discharged and the cost of a law firm to handle the proceeding is nothing compared to the effect on your personal life if bankruptcy proceedings go wrong. While you can file bankruptcy yourself, never risk the potential negative results to save a few dollars.

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

Liberty County Georgia Chapter 11

2010-04-02T01:33:00.000-04:00

Liberty County Georgia Chapter 11

In Athens, GA Chapter 11 is a bankruptcy category available to individuals, sole proprietors and corporations who want to reorganize and repay debts. Chapter 11 may also be available to large farming organizations that do not qualify for Chapter 12; a bankruptcy chapter specifically for family farmers and fishermen. Chapter 11 requires debtors to carry a minimum debt load of $336,900 of unsecured debts and a maximum of $1,010,650 in secured debts. If you filing for Chapter 11 bankruptcy, you must submit a proposed repayment plan with creditors during the 341 creditor meeting. This meeting generally takes place within 30 to 90 days after submission of the bankruptcy petition. Chapter 11 debt reorganization plans are typically broken down by creditor classification. Debts which are secured by real estate are often repaid over an extended time period. Unsecured loans are reorganized depending on the expected life cycle of the collateral. For example, loans for office equipment may be repaid over five years, whereas debts for machinery can be repaid over ten years. Bankruptcy repayment plans are confirmed through the court using a three-step process. First, you should to submit a repayment plan. Secondly, creditors must accept that plan. Third, the plan is presented to the judge at a confirmation hearing. The judge reviews the repayment proposal to make sure you have the financial capacity to follow through on the plan. Upon confirmation of Chapter 11, all debts with the exception of non-dischargeable debts will be discharged.

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

Athens, GA Chapter 13 Discharge

2010-04-01T01:32:00.000-04:00

Athens, GA Chapter 13 Discharge

Chapter 13 Bankruptcy filings in Athens, GA prevents foreclosure actions from occurring. It may permit you to breathe easier saving you from being physical removed from the home. Chapter 13 Bankruptcy filings in Athens, GA do not result in the liquidation of assets. Chapter 7 Bankruptcy needs liquidation of your assets. Therefore, perhaps Chapter 13 Bankruptcy is better suited to meet your needs than a Chapter 7 bankruptcy. Another benefit of filing Chapter 13 Bankruptcy is that the collection efforts must stop during the bankruptcy process. Collectors are not allowed to contact, harass and/or disrupt your business and personal life during this time. It is a relief not having to deal with creditors, banks, and businesses who are contacting you nonstop for the sake of collecting. It is a huge relief for people in debt is to eliminate this one factor. It makes a huge difference permitting people to think better. Bankruptcy will enable you to begin afresh in life by wiping out most of the debts. When a debt is discharged in bankruptcy, the creditor cannot enforce the debt against the debtor nor initiate any collection activity. You need not pay that debt. But some debts have to be paid and does not get discharged by bankruptcy. These include: taxes; spousal and child support; debts arising out of willful misconduct and or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; non-dischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures. Bankruptcy discharge does not discharge you from any debt incurred for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.

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

Athens, GA Chapter 7 Bankruptcy for individuals and business Individuals

2010-03-31T01:31:00.000-04:00

Athens, GA Chapter 7 Bankruptcy for individuals and business Individuals

A person can file for bankruptcy under Chapter 7 in Athens, GA and can have certain debts discharged if they meet the necessary criteria. These necessary criteria were formulated by the BACCP Act and now has both a means test and the necessity to receive credit counseling.

Prior to being allowed to file a Chapter 7 bankruptcy an individual will need to demonstrate that their disposable income is below a certain limit which will differ slightly from state to state depending on the average income of the state.
The individual is also required to have received credit counseling from an accredited organization at some stage in the 180 days preceeding their bankruptcy petition.

In Chapter 7 bankruptcy certain assets may be kept by the individual while others will be sold off to pay back some of the debt.

There are also some debts which cannot be discharged in Chapter 7 bankruptcy. These are debts like child support, property taxes, income taxes incurred in the past three years, student loans and fines.

Business
A business can file for bankruptcy under Chapter 7 in Athens, GA if they are heavily in debt and cannot service the debt with the present income of the business.
In a Chapter 7 bankruptcy typically there will be a cessation of operations. The trustee will take stock of the assets of the business and sell these off in an attempt to pay off its debts using the proceeds from the sale of the assets. If the business is very large, individual units of the business may be sold to pay off the creditors. Under a Chapter 7 bankruptcy for a business a debt is not discharged instead the business is dissolved.

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

Athens, GA Bankruptcy filing

2010-03-30T01:30:00.000-04:00

Athens, GA Bankruptcy filing

There are various ways of filing bankruptcy in Athens, GA. The filing system is based your current financial condition. If you have no money, then you have to complete the procedure yourself. If you have sufficient money to hire a petition preparer, then your ideal approach for filing bankruptcy will be to let him prepare your documents and do the rest by yourself. However if you are able to hire a bankruptcy lawyer, then your best approach is to let a bankruptcy lawyer do every thing.

Prior to filing bankruptcy you have to recognize what bankruptcy is. It is an opportunity which can be taken by anyone. If an individual is in such a financial trouble that he cannot pay off his creditors, then he is the best applicant for filing bankruptcy.

There are two kinds bankruptcy filing that are common. You must justify which kind is suitable for you. Chapter 7 bankruptcy will wipe out virtually all of the debts. Chapter 13 is the other kind of bankruptcy. Through this chapter you have to repay the creditors. However you will get a long time for this and the repayment amount will be based on your income.

After you select the right chapter, you must begin the work for filing bankruptcy in Athens, GA. This can be done online. But you should hire a Athens, GA bankruptcy attorney.

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

Athens, GA Bankruptcy attorney

2010-03-29T01:29:00.000-04:00

Athens, GA Bankruptcy attorney

The bankruptcy procedure in Athens, GA has become more complex and needs detailed planning and consideration. Therefore choosing a competent bankruptcy law firm in Athens, GA is more important now than ever before. Attempting to go through the procedure by yourself is a huge error and also the decision to file before speaking with bankruptcy lawyers.

If you decide to go it alone, you could be making numerous errors that will end up costing you. For example, a bankruptcy lawyer can help you realize many things you should avoid, such as certain purchases or loans you may make immediately prior to filing for bankruptcy. When you pay off a loan that was made to you recently by a family member, the bankruptcy court could force you to recover this amount in order to pay your debts.

You may also be surprised to know of other options that are available to you besides Chapter 7. All these options may be unknown to you if you don't seek the help of bankruptcy law firms in Athens, GA .

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

Filing Chapter 13 Bankruptcy in Athens, GA

2010-03-28T01:28:00.000-04:00

Filing Chapter 13 Bankruptcy in Athens, GA

Any individual, either self employed or employed with an organization can file a chapter 13 bankruptcy in Athens, GA and secure protection under it. The only condition is that his unsecured debts must be below $336,900 and secured part of the debts less than $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 when his bankruptcy petition was dismissed 180 days prior to the filing.

Chapter 13 bankruptcy which basically begins with filing of the petition in the federal court in the place where the debtor resides. The debtor should produce certain documents showing his present income and expenditure, his liabilities, unexpired leases, and his financial status. Apart from that he or she also must provide a certificate from an approved credit counselor certifying that the debtor has undergone credit counseling and a plan showing the debt repayment plan.
There are few predefined fees for filing a case under Chapter 13 of the Federal bankruptcy code. The fees can also be paid in installments. Once the bankruptcy application is filed all collections against the debtor is stayed with immediate effect. If the debtor pays the dues on time, he or she enjoys protection under chapter 13 of the Federal Bankruptcy Code. Within 50 days the trustee arranges a meeting with the creditors. During the meeting, the debtor is put to several questions and a plan is arrived at detailing how he or she will repay his or her debts.

A debtor has to follow the repayment plan, and if he or she does not make regular payments as per the plan, the court will dismiss the proceeding and change it to a liquidation proceeding under Chapter 7. Therefore if you file a Chapter 13 petition, you must religiously follow the repayment plan and make the payments.

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

Athens, GA Chapter 13 Bankruptcy

2010-03-27T01:27:00.000-04:00

Athens, GA Chapter 13 Bankruptcy

Bankruptcy is a very terrible situation to be in, for any person or a party. However even in such difficult times, there are ways to handle such situations. Chapter 13 Bankruptcy assists individuals only, to work out of financial crisis under the guidance of a federal bankruptcy court. A debtor with a regular income can restructure his financial position with the assistance of Chapter 13 Bankruptcy. The debtor must propose a plan with the help of which he or she can repay all his outstanding debts in 3 to 5 years. 5 years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Athens, GA.

A Chapter 13 Bankruptcy has many added benefits over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in a Chapter 13 Bankruptcy, an individual can at least save his home from foreclosure. All proceedings will be stayed after he files for Chapter 13 Bankruptcy. He will get a period of 3-5 years to pay off his debts. The Chapter 13 Bankruptcy allows the individual to reallocate secured debts. It can over a period of time, reduce the payments which he should make. Finally a debtor will not have any connection or contact with his or her creditors when he or she has filed Chapter 13 Bankruptcy.

A Athens, GA Chapter 13 Bankruptcy attorney can help you file for Chapter 13 Bankruptcy.

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

Athens, GA Bankruptcy forms

2010-03-26T01:24:00.000-04:00

Athens, GA Bankruptcy forms

While the initial bankruptcy form you complete will be simple, as you move ahead through the bankruptcy forms, they will become more complicated.

Just how complicated is it? The first form - Form B1 has an instruction guide that totals 14 entire pages! When you are filing jointly with another person, then you will obviously require to complete the Codebtors form B6H (Schedule H), but other than this form, you may also need to fill some or all of the following:
Form B2 (Declaration); Form B3 (either A or B based on your circumstances); B4, B5 including some or all of the schedules (B6 A through J). Other than these, you will also fill the financial statement information (Form B7) besides forms B8 (that is the Statement of Intention); B9 plus B9C (when you are an individual or are filing jointly), and numerous others!

Without doubt, the process of filing for Chapter 7 bankruptcy is a complex one. You may complete the forms on your own and save some dollars, however it may probably come with a few migraine headaches, which you are probably seeking to escape in the first place.

So, when deciding to file for Chapter 7 in Athens, GA seeking professional assistance of a Athens, GA Chapter 7 attorney.

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

Athens, GA Chapter 7 Bankruptcy

2010-03-25T01:20:00.000-04:00

Athens, GA Chapter 7 Bankruptcy

Selecting to voluntarily file for Chapter 7 Bankruptcy is a difficult decision to take for most people. After all, filing Chapter 7 essentially is your method to invite your creditors to sell all of your assets and divide the proceeds amongst themselves to repay your debt.

Filing for Chapter 7 Bankruptcy is an emotionally difficult decision. There are numerous forms that must be filled. A filing for bankruptcy will be a complicated matter. So complicated, in fact, that it has provided the opportunity for people to actually charge for their service of helping you through the complex paperwork.
Filling the bankruptcy forms can be a tough task. Starting with understanding which forms to complete, you will very soon realize that it can be easy to overlook a particular form, creating potential delays in the bankruptcy filing process. For instance, if you are filing for Chapter 7 as a single debtor, there can generally be confusion as to whether other forms should to be filled.

For starters, if you are filing for Chapter 7 bankruptcy, you will begin with Form B1. This is the starting point for those filing for any category of Bankruptcy (Chapter 11, 13, and all others). In simple words, it is basically the starting point. So, the information given in this form is very general. As you progress through these bankruptcy forms, they will become more tough. Hence when you are filing for Chapter 7 bankruptcy in Athens, GA, seek the services of a bankruptcy attorney in Athens, GA.

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

Oconee County, GA Bankruptcy discharge

2010-03-24T03:32:00.000-04:00

Oconee County, GA Bankruptcy discharge

In a Chapter 7 bankruptcy, the individual files a petition in the court seeking to discharge all debts. The debtor can have secured debt and unsecured debt and how each of these is handled can vary from case-to-case. A debtor filing under chapter 7 of the United States Bankruptcy Code may have to give up a part of their personal assets in order to satisfy some of the debts owed to the creditors.

The usual grounds for denying a discharge to an individual debtor in Oconee County, GA include:
1. Failure of the debtor to keep or produce adequate books or financial records;
2. Debtor’s failure to explain satisfactorily any loss of assets;
3. The debtor is guilty of a bankruptcy crime such as perjury;
4. Failure of the debtor to obey a lawful order of the bankruptcy court; or
5. Fraudulent transfer, concealment or destruction by debtor of property that would have become property of the estate.

The Chapter 13 debtor in Oconee County, GA is eligible to obtain a discharge upon successful completion of the payments under the Chapter 13 plan. In exchange for the willingness of the Chapter 13 debtor to maintain the discipline of a repayment plan for 3 to 5 years, a broader discharge is granted under Chapter 13 than in a Chapter 7 case.
Usually, the debtor in Oconee County, GA is discharged from all debts provided for by the plan or debts that are rejected, except for the following:
1. Some long-term obligations such as a home mortgage;
2. Debts for alimony or child support;
3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime.

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

Oconee County, GA Chapter 20 Bankruptcy

2010-03-23T03:31:00.000-04:00

Oconee County, GA Chapter 20 Bankruptcy

Bankruptcy will discharge most of your debts. When a debt is discharged in bankruptcy, it is no longer enforceable against you personally. You are no longer required to pay the debt, or the portion of the debt that has been discharged. You cannot be subject to collection activity on the debt, including being sued on the debt. Creditors can, however, move to seize any collateral on which there is a valid lien that has not been avoided (or cleared) by the bankruptcy court. A bankruptcy discharge serves to erase the debt and give the debtor a new start financially. Some debts must still be paid. It is a rather lengthy list, but the following debts will not be discharged: taxes; spousal and child support; debts arising out of willful misconduct and or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; non-dischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures. It does not discharge the debtor from any debt incurred for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.

A so-called "Chapter 20" bankruptcy is the process filing of a "Chapter 7" bankruptcy to discharge unsecured debts, followed by a "Chapter 13" bankruptcy to allow the debtor to catch up on mortgage payments The 2005 Bankruptcy Reform Act attempts to limit "Chapter 20" bankruptcies by imposing limits on the filing of successive bankruptcies. Under current bankruptcy law a Chapter 13 bankruptcy can be filed only once in two years, and three years must be over after the filing of a Chapter 7 bankruptcy before a Chapter 13 filing. Few debtors attempt to overcome this law by filing for Chapter 13 protection while the Chapter 7 petition is still pending. This option is not available in all courts. In a "Chapter 20" bankruptcy, debtors should know that missing even a single mortgage payment after filing the initial "Chapter 7" petition may cost them their ability to save their house in a subsequent "Chapter 13" filing. Be careful: certain judges and creditors see the move as a scam. Creditors have the right to object and the judge can toss the action. Some judges will allow the second filing, provided there is a legitimate reason.

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

Chapter 11 Bankruptcy in Oconee County, GA

2010-03-22T03:30:00.000-04:00

Chapter 11 Bankruptcy in Oconee County, GA

Federal bankruptcy regulations decide how companies in Oconee County, GA go out of business or recover from deep financial crisis. A bankrupt company might file under Chapter 11 of the Federal Bankruptcy Code to reorganize its activities and attempt to become profitable again. The company continues to run the routine business operations, however all important business decisions should be approved by a bankruptcy court.

A debtor under Chapter 11 can enter into an agreement with creditors under which all or a part of the business continues. The business’s debts are restructured to allow the debtor to continue his business operation. Basically any partnership, corporation or limited liability entity except a governmental unit may be a debtor in a Chapter 11 proceeding in Oconee County, GA. Under Chapter 11, only the debtor can submit a plan of reorganization within 120 days of the initiation of the bankruptcy proceeding. Under a typical reorganization plan, the debtor attempts to restructure his debts. Such a plan will generally provide for the repayment of loans secured by real estate to be paid over an extended period of time. Intermediate term loans are generally proposed to be paid over the remaining useful life of the collateral, which is typically five to ten years.

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

Bankruptcy and Tax in Oconee County, GA

2010-03-21T03:30:00.000-04:00

Bankruptcy and Tax in Oconee County, GA

When you are an individual debtor in Oconee County, GA who files for bankruptcy under chapter 7 or 11 of the Federal Bankruptcy Code in , an independent ‘‘estate’’ is established consisting of assets which belonged to you prior to the filing date. The bankruptcy estate is a new taxable entity, totally independent from you as an individual taxpayer.

A penalty for failure to pay tax, including failure to pay estimated tax, will not be imposed for any period during which a title 11 bankruptcy case is pending provided:
1. The tax was incurred prior to the earlier of the order for relief or (in an involuntary case) the appointment of a trustee, and
2. The bankruptcy case was filed before the due date for the tax return (including extensions) or the date for imposing the penalty occurs on or after the day the bankruptcy petition was filed.

This relief from the failure-to-pay penalty does not apply to any penalty for failure to pay or deposit tax withheld or collected from others and required to be paid over to the US government. Nor does it apply to any penalty for failure to timely file a return.

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

Oconee County, GA Chapter 11 and 13

2010-03-20T03:29:00.000-04:00

Oconee County, GA Chapter 11 and 13

Chapter 11 bankruptcy in Oconee County, GA allows a debtor to enter into an agreement with creditors under which all or a part of the business continues. The business’s debts are restructured so as to allow the debtor to continue the operation of the business. In general any partnership, corporation or limited liability entity except a governmental unit may be a debtor in a Chapter 11 case. Under Chapter 11, only the debtor may submit a plan of reorganization within 120 days of the initiation of the bankruptcy case. Under a typical reorganization plan, the debtor will restructure the debts. Such a plan will generally include the repayment of loans secured by real estate to be paid over an extended time. Intermediate term loans will be proposed to be paid over the remaining useful life of the collateral, which is generally five to ten years.

Chapter 13 bankruptcy proceeding in Oconee County, GA allows the individual debtor to pay down his debts, either whole or a part of it, with the help of a payment plan under the supervision of the court. Debtors filing under this chapter can retain their assets with them while they follow the plan or after they have cleared the required portion of debt. This chapter involves the rehabilitation of the debtor to let the debtor to use future earnings to pay off debts.

A chapter 13 bankruptcy is also known as a wage earner's plan. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. Chapter 13 is designed for individuals with regular income who want to clear their debts but are unable to do so in a timely way. The purpose of this chapter is to enable financially distressed individual debtors to design and work out a repayment plan under which creditors are paid over an extended period of time generally three to five years. The creditors are forbidden from starting or continuing collection efforts during this time.

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

Oconee County, GA Chapter 11

2010-03-19T03:28:00.000-04:00

Oconee County, GA Chapter 11

Federal bankruptcy regulations decide how companies go out of business or recover from crippling financial crisis. A bankrupt company can use Chapter 11 of the US Bankruptcy Code to reorganize its activities and try to become profitable again. Management continues to run the day-to-day business activities, however all major business decisions should be approved by a bankruptcy court.

If you own a business or corporation n Oconee County, GA Chapter 11 is a reorganization proceeding to consider. There are special requirements you must meet. Some individual debtors whose debts are more than the limits of Chapter 13 can file Chapter 11. In Chapter 11, the debtor generally continues in possession of assets and continues to operate any business, subject to the oversight of the court and the creditors committee. The debtor proposes a plan of reorganization to the creditors, who vote on it. If accepted by the majority, the court will confirm the plan and it becomes binding on you and your creditors. Plans can provide for repayment from future income or sales of some or all of the assets.

In chapter 11 proceedings in Oconee County, GA the United States trustee, a federal employee, will not act as a case trustee, who is usually a private individual. The United States trustee is responsible for monitoring all chapter 11 proceedings and has mandate to appear and be heard on any issue in any case, but may not submit a plan. The case trustee, however, is responsible for management of the assets of the estate, management of the debtor's business, and, if necessary, the submission of a plan of reorganization. Section 1106 of the US Code authorizes the trustee to submit a plan "as soon as practicable" or, alternatively, to submit a report demonstrating why a plan will not be filed or to recommend that the proceeding be converted to another chapter or dismissed.

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

Medical Bills and Bankruptcy in Oconee County, GA

2010-03-18T03:28:00.000-04:00

Medical Bills and Bankruptcy in Oconee County, GA

Medical bills from a temporary illness or bills due to chronic medical problems bring many individuals to the edge of financial downfall in Oconee County, GA. Even in situations with the best medical insurance available, taking time off from employment and loss of earnings will strain a person's finances. If you have significant medical bills, filing a Chapter 7 Bankruptcy can eliminate your medical bills completely. If the bankruptcy means test says you qualify to file for Chapter 7, it will permit you to get rid of medical bills, hospital charges, doctor bills, medical collections, dental bills, and also most type of medical debt. Medical bills are considered unsecured debts, and are treated in bankruptcy similar to credit cards. Therefore, medical bills can be completely discharged in a Chapter 7 Bankruptcy.

Filing a bankruptcy case in Oconee County, GA prevents creditors from taking action against the debtor. What prohibits creditors from taking steps is the automatic stay - an injunction issued by the court as soon as the case is filed. The automatic stay continues until the case is complete. On motion, and after a hearing before the bankruptcy judge, a creditor may get an order granting relief from the stay. An order granting relief from the automatic stay permits a creditor to take certain specified actions, which will be spelled out in the order, to collect a debt against you.

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

Oconee County, GA Bankruptcy Attorney

2010-03-17T03:27:00.000-04:00

Oconee County, GA Bankruptcy Attorney

The bankruptcy attorney’s job in Oconee County, GA is difficult, and a lot of responsibility for ensuring checks is put on the attorney. The attorney’s signature certifies that the petition has been properly inspected, and the proceeding is not an abuse of the bankruptcy process. The attorney must also certify that the proceeding is acceptable under the existing law or that it is a good faith argument for the extension/modification of the existing law. If there is a violation, the attorney fees and the debtor cost will be determined and made payable to the trustee.

You first consultation with your bankruptcy lawyer in Oconee County, GA is generally free. At the first meeting, you must frankly explain your situation to the attorney and try to determine if you are comfortable with the lawyer and their staff. At the same time the lawyer will give you feedback on your situation and the options available.

When conversing with the attorney in Oconee County, GAfind out how long he or she has been in practice, what the specifics of their specialization are, approximately how many cases they have handled and what your expectations should be from the lawyer in terms of representation. Also find out if the attorney will be personally appearing in your case and that it is not passed on to a junior attorney or staff. Ask as all questions as you need and make sure that you are comfortable with the fact that you are appointing him as your bankruptcy attorney.

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

Oconee County, GA Bankruptcy Chapters 11 and 13

2010-03-16T03:26:00.000-04:00

Oconee County, GA Bankruptcy Chapters 11 and 13

An ordinary person can file under chapter 11 in Oconee County, GA however, the provisions of chapter 11 are mostly availed to reorganize a business. Chapter 11 allows the debtor to manage its business by means of a plan of reorganization, that must meet certain statutory criteria. By legislating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it may continue to operate, provide employment, pay its creditors, and produce a return for its stockholders.

In situations where the bankruptcy means test says that you cannot file for Chapter 7 Bankruptcy in Oconee County, GA you can instead select to file for Chapter 13 Bankruptcy. A Chapter 13 Bankruptcy is a court supervised repayment plan that can permit you to retain your most important assets while paying off your debts over a period of time. If you file for Chapter 13 Bankruptcy you may be able to substantially reduce your medical bills. Chapter 13 will permit you to repay the medical bills over a 3 to 5 year period of time depending on your disposable income. Many times, Chapter 13 Bankruptcy compels unsecured creditors such as medical providers, hospitals, and doctor’s to accept pennies on the dollar.

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

Oconee County, GA Bankruptcy

2010-03-15T03:25:00.000-04:00

Oconee County, GA Bankruptcy

Bankruptcy case in Oconee County, GA begins with the filing of a petition with the bankruptcy court. The filing of the petition establishes a bankruptcy estate, which usually consists of all the assets of the person filing the bankruptcy petition. A separate taxable entity is created if the bankruptcy petition is filed by an individual under chapter 7 or chapter 11 of the US Bankruptcy Code.

The bankruptcy petition is the document that starts the bankruptcy process. The petition may be a voluntary petition, that is filed by the debtor, or it can be an involuntary petition, that is filed by creditors that meet certain requirements. A voluntary petition must be as prescribed in Form 1 of the Official Forms prescribed by the Judicial conference of the United States. The Official Forms may be obtained at legal stationary stores.

The documentation necessary at the time of filing for bankruptcy in Oconee County, GA has increased. For instance, you must provide additional information that details all income and expenses. If the expenses exceed the IRS allowance, a special circumstances document has to be submitted which explains the necessity of the extra expense incurred. A statement of accuracy should also be submitted, along with these special circumstance documents.

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

Madison County, GA Bankruptcy discharge

2010-03-14T07:00:00.000-04:00

Madison County, GA Bankruptcy discharge

In a Chapter 7 bankruptcy, the individual files a petition in the court seeking to discharge all debts. The individual can have secured debt as well as unsecured debt and how each of these is dealt with can vary from case-to-case. An individual filing under chapter 7 of the Federal Bankruptcy Code may have to relinquish a portion of his or her assets in order to satisfy some of the debts owed to the creditors.

The common grounds for denying a discharge to an individual debtor in Madison County, GA include:
1. Failure of the debtor to keep or produce adequate books or financial records;
2. Failure of the debtor to explain satisfactorily any loss of assets;
3. The debtor committed a bankruptcy crime such as perjury;
4. Failure of the debtor to obey a lawful order of the bankruptcy court; or
5. Fraudulent transfer, concealment or destruction by debtor of property that would have become property of the estate.

The Chapter 13 debtor in Madison County, GA is entitled to obtain a discharge on successful completion of entire payments under the Chapter 13 plan. In return for the willingness of the Chapter 13 debtor to undergo the discipline of a repayment plan for three to five years, a broader discharge is granted under Chapter 13 than in a Chapter 7 case.

Generally, the debtor in Madison County, GA is discharged from all debts under the plan or debts that are disallowed, except for the following:
1. Certain long-term obligations such as a home mortgage;
2. Debts for alimony or child support;
3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime.

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

Madison County, GA Chapter 20 Bankruptcy

2010-03-13T06:58:00.000-05:00

Madison County, GA Chapter 20 Bankruptcy

Most of your debts will be discharged by bankruptcy. When a debt is discharged in bankruptcy, it is no longer enforceable against the debtor personally. You are no longer required to pay the debt, or the portion of the debt that has been discharged. The debtor be subject to collection activity on the debt, including being sued on the debt. Creditors can, however, move to seize any collateral on which there is a valid lien that has not been discharged (or cleared) by the bankruptcy court. A bankruptcy discharge serves to erase the debt and give the debtor a fresh start financially. Some debts must still be cleared. It is a rather longish list, but the following debts will not be discharged: taxes; spousal and child support; debts arising out of willful misconduct and or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; non-dischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures. It does not discharge the debtor from any debt incurred for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.

A so-called "Chapter 20" bankruptcy is the process filing of a "Chapter 7" bankruptcy to discharge unsecured debts, followed by a "Chapter 13" bankruptcy to allow the debtor to catch up on mortgage payments The 2005 Bankruptcy Reform Act attempts to limit "Chapter 20" bankruptcies by imposing limits on the filing of successive bankruptcies. Under current bankruptcy law a Chapter 13 bankruptcy can be filed only once every two years, and three years must be over after the filing of a Chapter 7 bankruptcy before a Chapter 13 filing. Few debtors attempt to circumvent this restriction by filing for Chapter 13 protection while the Chapter 7 petition is still pending. That option is not available in all courts. In a "Chapter 20" bankruptcy, debtors should know that missing even a single mortgage payment after filing the initial "Chapter 7" petition can cost them their ability to save their house in a subsequent "Chapter 13" filing. Be careful: certain judges and creditors see the move as a scam. Creditors have the right to object and the judge can dismiss the action. Few judges will allow the second filing, if there is a legitimate reason.

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

Chapter 11 Bankruptcy in Madison County, GA

2010-03-12T06:56:00.000-05:00

Chapter 11 Bankruptcy in Madison County, GA

Federal bankruptcy rules determine how companies in Madison County, GA go out of business or recover from deep financial crisis. A bankrupt corporation might use Chapter 11 of the US Bankruptcy Code to reorganize its business and attempt to become profitable again. The company continues to operate the daily business operations, but all major business decisions should be approved by a bankruptcy court.

A debtor under Chapter 11 can enter into an agreement with creditors under which all or a part of the business continues. The business’s debts are restructured to allow the debtor to continue the business operation. Basically any partnership, corporation or limited liability entity except a governmental unit can be a debtor in a Chapter 11 case in Madison County, GA. Under Chapter 11, only the debtor can submit a plan of reorganization within 120 days of the filing of the bankruptcy case. Under a typical reorganization plan, the debtor will restructure his debts. Such a plan will generally include the repayment of loans secured by real property to be paid over an extended time. Intermediate term loans will be proposed to be paid over the remaining useful life of the security, which is typically five to ten years.

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

Bankruptcy and Tax in Madison County, GA

2010-03-11T06:55:00.000-05:00

Bankruptcy and Tax in Madison County, GA

When you are an individual debtor in Madison County, GA filing for bankruptcy under chapter 7 or 11 of the Federal Bankruptcy Code in , an independent ‘‘estate’’ is established comprising of property which belonged to you prior to the filing date. This bankruptcy estate is a new taxable entity, totally separate from you as an individual taxpayer.

A penalty for failure to pay tax, including failure to pay estimated tax, will not be imposed for any period during which a title 11 bankruptcy case is pending provided:
1. The tax was incurred before the earlier of the order for relief or (in an involuntary case) the appointment of a trustee, and
2. The bankruptcy petition was filed before the due date for the tax return (including extensions) or the date for imposing the penalty occurs on or after the day the bankruptcy case was filed.

The relief from the failure-to-pay penalty does not apply to any penalty for failure to pay or deposit tax withheld or collected from others and required to be paid over to the United States government. Nor does it apply to any penalty for failure to timely file a return.

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

Madison County, GA Chapter 11 and 13

2010-03-10T06:54:00.000-05:00

Madison County, GA Chapter 11 and 13

Chapter 11 bankruptcy in Madison County, GA allows a debtor to enter into an agreement with creditors under which all or a part of the business continues. The debts of the business are restructured to permit the debtor to continue his operation of the business. Basically any partnership, corporation or limited liability entity except a governmental unit may be a debtor in a Chapter 11 proceeding. Under Chapter 11, only the debtor may submit a plan of reorganization within 120 days of the filing of the bankruptcy proceeding. Under a typical reorganization plan, the debtor will restructure his debts. Such a plan will generally provide for the repayment of loans secured by real property to be paid over an extended time. Intermediate term loans will be proposed to be paid over the remaining useful life of the collateral, which is typically five to ten years.

Chapter 13 bankruptcy proceeding in Madison County, GA permits the individual debtor to pay down his debts, either the entire amount or a part of it, using a payment plan under the supervision of the court. Those who file under this chapter can keep their assets with them while they follow the plan or after they have paid off the required portion of debt. It involves the rehabilitation of the debtor to let the debtor to use future earnings to pay off creditors.

A chapter 13 bankruptcy is also called a wage earner's plan. Under this chapter, debtors set up a repayment plan to make installments to creditors over three to five years. Chapter 13 is designed for individuals with regular income who want to pay their debts but are unable to do so in a timely way. The purpose of Chapter 13 is to enable financially distressed individual debtors to design and work out a repayment plan under which the debts are paid off over an extended period of time usually three to five years. During this time the law forbids creditors from starting or continuing collection efforts.

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

Madison County, GA Chapter 11

2010-03-09T06:53:00.001-05:00

Madison County, GA Chapter 11

Federal bankruptcy rules govern how corporations go out of business or recover from crippling debt. A bankrupt corporation may file under Chapter 11 of the Federal Bankruptcy Code to reorganize its business and attempt to become profitable again. Management continues to operate the daily business activities, but all important business decisions have to be approved by a bankruptcy court.

If the debtor owns a business or corporation n Madison County, GA Chapter 11 is a reorganization proceeding to consider. There are certain requirements the debtor have to meet. Some individual debtors whose debts are more than the limits of Chapter 13 can file Chapter 11. In Chapter 11, the debtor generally remains in possession of assets and continues to operate any business, under the supervision of the court and the creditors committee. The debtor proposes a plan of reorganization to the creditors, who vote on it. If the majority accept it, the plan is confirmed by the court and it becomes binding on the debtor and the creditors. Plans can call for repayment from future income or sales of some or all of the assets.

In chapter 11 cases in Madison County, GA the United States trustee, a federal employee, can not function as a case trustee, who is usually a private individual. The United States trustee is responsible for observing all chapter 11 proceedings and has authority to appear and be heard on any issue in any case, but may not submit a plan. The case trustee, however, is responsible for management of the property of the estate, management of the debtor's business, and, if necessary, the filing of a plan of reorganization. Section 1106 of the United States Code authorizes the trustee to submit a plan "as soon as practicable" or, alternatively, to submit a report demonstrating the reasons a plan will not be submitted or to recommend that the proceeding be converted to another chapter or dismissed.

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

Medical Bills and Bankruptcy in Madison County, GA

2010-03-08T06:49:00.000-05:00

Medical Bills and Bankruptcy in Madison County, GA

Medical bills from a temporary illness or bills because of chronic medical problems push many people to the edge of financial downfall in Madison County, GA. Even in situations with the best medical insurance available, taking time off of work and loss of earnings can strain a person's finances. If you have huge medical bills, filing a Chapter 7 Bankruptcy can discharge your medical bills completely. If the bankruptcy means test determines you qualify to file for Chapter 7, it will allow you to discharge medical bills, hospital charges, doctor bills, medical collections, dental bills, as well as most type of medical debt. Medical bills are considered unsecured debts, and are treated in bankruptcy just like credit cards. Hence, medical bills can be totally eliminated in a Chapter 7 Bankruptcy.

Filing a bankruptcy proceeding in Madison County, GA prohibits creditors from taking action against you. What stops creditors from taking steps is the automatic stay - an injunction passed by the court as soon as you file the case. This automatic stay continues until the case is complete. On motion, and after a hearing before the bankruptcy judge, a creditor may get an order granting relief from the stay. An order for relief from the automatic stay permits a creditor to take certain specified actions, which will be listed in the order, to collect a debt against the debtor.

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

Madison County, GA Bankruptcy Attorney

2010-03-07T06:47:00.000-05:00

Madison County, GA Bankruptcy Attorney

The bankruptcy attorney’s job in Madison County, GA is complex, and a lot of responsibility for ensuring checks is fixed on the attorney. The attorney’s signature certifies that the petition has been reasonably inspected, and the proceeding does not abuse the bankruptcy process. The lawyer must also confirm that the proceeding is acceptable under the existing rules or that it is a good faith argument for the extension/modification of the current rules. In case of a violation, the attorney fees and the debtor cost will be determined and made payable to the trustee.

You initial meeting with your bankruptcy lawyer in Madison County, GA is generally free. During the initial meeting, you must frankly explain your situation to the attorney and try to gauge if you are comfortable with the lawyer and their staff. At the same time the attorney will provide you with feedback on your situation and the options available.

When meeting with the lawyer in Madison County, GAfind out how long he or she has been in practice, what the specifics of their specialization are, approximately how many cases they have handled and what your expectations should be from the attorney in terms of representation. Also check whether the attorney will be personally appearing in your case and that it is not passed on to a junior lawyer or staff. Ask as many questions as you need and make sure that you are comfortable with the fact that you are appointing him as your bankruptcy lawyer.

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

Madison County, GA Bankruptcy Chapters 11 and 13

2010-03-06T06:46:00.000-05:00

Madison County, GA Bankruptcy Chapters 11 and 13

An individual can file under chapter 11 in Madison County, GA but, the provisions of chapter 11 are mostly used to reorganize a business. Chapter 11 allows the debtor to run its business through a plan of reorganization, that must meet certain legal requirements. By creating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it can continue to operate, provide employment, pay its creditors, and provide a return for its stockholders.

When the bankruptcy means test dictates that you aren’t eligible to file for Chapter 7 Bankruptcy in Madison County, GA you can instead choose to file for Chapter 13 Bankruptcy. A Chapter 13 Bankruptcy is a court administered repayment plan which can allow you to retain your most important assets while paying off your debts over a period of time. If you file for Chapter 13 Bankruptcy you may be able to significantly lower your medical bills. Chapter 13 will allow you to pay off the medical bills over a 3 to 5 year period of time based on your disposable income. Many times, Chapter 13 Bankruptcy compels unsecured creditors like medical providers, hospitals, and doctor’s to accept pennies on the dollar.

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

Madison County, GA Bankruptcy

2010-03-05T06:23:00.000-05:00

Madison County, GA Bankruptcy

Bankruptcy case in Madison County, GA starts with the filing of a petition with the bankruptcy court. The filing of the petition creates a bankruptcy estate, which usually consists of all the assets of the person filing the bankruptcy petition. An independent taxable entity is created if the bankruptcy petition is submitted by an individual under chapter 7 or chapter 11 of the US Bankruptcy Code.

A bankruptcy petition is a document that starts the bankruptcy process. A petition can be a voluntary petition, that is filed by the debtor, or it can be an involuntary petition, that is filed by creditors who fulfill certain requirements. The voluntary petition should be as provided in Form 1 of the Official Forms prescribed by the Judicial conference of the United States. The Official Forms can be obtained at legal stationary stores.

The documentation necessary at the time of filing for bankruptcy in Madison County, GA has increased. For example, you should provide additional information that details all income and expenses. When the expenses exceed the IRS allowance, a special circumstances document should be submitted which explains the necessity of the extra expense incurred. A statement of accuracy must also be submitted, along with these special circumstance documents.

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

Athens, Georgia Bankruptcy discharge

2010-03-04T04:15:00.000-05:00

Athens, Georgia Bankruptcy discharge

In a Chapter 7 bankruptcy, the individual files a petition in the court seeking to discharge all debts. The individual may have secured debt and unsecured debt and how each of these is handled can vary from case-to-case. A debtor seeking protection under chapter 7 of the Federal Bankruptcy Code may have to give up a part of their personal property in order to satisfy some of the debts owed to the creditors.

The common grounds for denying a discharge to an individual debtor in Athens, Georgia include:
1. Failure of the debtor to keep or produce adequate books or financial records;
2. Debtor’s failure to explain satisfactorily any loss of assets;
3. The debtor committed a bankruptcy crime such as perjury;
4. The debtor failed to obey a lawful order of the bankruptcy court; or
5. Fraudulent transfer, concealment or destruction by debtor of property that would have become property of the estate.

The Chapter 13 debtor in Athens, Georgia is eligible to obtain a discharge upon successful completion of entire payments under the repayment plan. In return for the willingness of the Chapter 13 debtor to undergo the discipline of a repayment plan for three to five years, a wider discharge is available under Chapter 13 than in a Chapter 7 case.
Generally, the individual in Athens, Georgia is discharged from all debts under the plan or debts that are rejected, except for the following:
1. Certain long-term obligations such as a home mortgage;
2. Alimony and Child support;
3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime.

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

Athens, Georgia Chapter 20 Bankruptcy

2010-03-03T04:14:00.000-05:00

Athens, Georgia Chapter 20 Bankruptcy

Bankruptcy will discharge most of your debts. A debt discharged in bankruptcy is no longer enforceable against you personally. The debtor is no longer required to pay the debt, or the portion of the debt that has been discharged. You cannot be subject to collection activity on the debt, including being sued on the debt. Creditors can, however, move to seize any secured asset on which there is a valid lien that has not been discharged (or cleared) by the bankruptcy court. A bankruptcy discharge serves to erase the debt and give the debtor a new start financially. Some debts must still be paid. It is a rather lengthy list, but the following debts will not be discharged: taxes; spousal and child support; debts arising out of willful misconduct and or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; non-dischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures. Bankruptcy does not discharge the debtor from debts incurred for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.

A so-called "Chapter 20" bankruptcy is the process filing of a "Chapter 7" bankruptcy to discharge unsecured debts, followed by a "Chapter 13" bankruptcy to allow the debtor to catch up on mortgage payments The 2005 Bankruptcy Reform Act attempts to limit "Chapter 20" bankruptcies by imposing limits on the filing of successive bankruptcies. Under existing bankruptcy law a Chapter 13 bankruptcy may be filed only once every two years, and three years must be over after the filing of a Chapter 7 bankruptcy before a Chapter 13 filing. Some debtors try to circumvent this restriction by filing for Chapter 13 protection while the Chapter 7 petition is still pending. That option is not available in all courts. In a "Chapter 20" bankruptcy, debtors should know that missing even a single mortgage payment after filing the initial "Chapter 7" petition may cost them their ability to save their house in a later "Chapter 13" filing. Be careful: some judges and creditors consider the move as a scam. Creditors have the right to oppose and the judge can dismiss the action. Some judges will allow the second filing, if there is a legitimate reason.

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

Chapter 11 Bankruptcy in Athens, Georgia

2010-03-02T04:13:00.000-05:00

Chapter 11 Bankruptcy in Athens, Georgia

Federal bankruptcy rules govern how companies in Athens, Georgia go out of business or recover from deep financial crisis. A bankrupt company might file under Chapter 11 of the US Bankruptcy Code to reorganize its activities and try to become profitable again. The company continues to run the daily business operations, but all significant business decisions should be approved by a bankruptcy court.

A debtor under Chapter 11 can enter into an agreement with creditors under which all or a part of the business continues. The debts of the business are restructured to allow the debtor to continue his business operation. In general any partnership, corporation or limited liability entity except a governmental unit can be a debtor in a Chapter 11 proceeding in Athens, Georgia. Under Chapter 11, only the debtor may submit a plan of reorganization within 120 days of the filing of the bankruptcy proceeding. Under a typical reorganization plan, the debtor will restructure his debts. Such a plan will generally provide for the repayment of loans secured by real property to be paid over an extended time. Intermediate term loans are generally proposed to be paid over the remaining useful life of the collateral, which is generally five to ten years.

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

Bankruptcy and Tax in Athens, Georgia

2010-03-01T04:12:00.000-05:00

Bankruptcy and Tax in Athens, Georgia

If you are an individual debtor in Athens, Georgia who files for bankruptcy under chapter 7 or 11 of the US Bankruptcy Code in , a separate ‘‘estate’’ is created comprising of property that belonged to you before the date of filing. The bankruptcy estate will be a new taxable entity, completely separate from you as an individual taxpayer.

A penalty for failure to pay tax, including failure to pay estimated tax, will not be imposed for any period during which a title 11 bankruptcy case is pending provided:
1. The tax was incurred before the earlier of the order for relief or (in an involuntary case) the appointment of a trustee, and
2. The bankruptcy case was filed before the due date for the tax return (including extensions) or the date for imposing the penalty occurs on or after the day the bankruptcy case was filed.

This relief from the failure-to-pay penalty is not applicable to any penalty for failure to pay or deposit tax withheld or collected from others and required to be paid over to the US government. Nor does it apply to any penalty for failure to timely file a return.

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

Athens, Georgia Chapter 11 and 13

2010-02-28T04:11:00.000-05:00

Athens, Georgia Chapter 11 and 13

Chapter 11 bankruptcy in Athens, Georgia allows a debtor to enter into an agreement with creditors under which all or a part of the business continues. The debts of the business are restructured to permit the debtor to continue the operation of the business. In general any partnership, corporation or limited liability entity except a governmental unit can be a debtor in a Chapter 11 proceeding. Under Chapter 11, only the debtor can submit a plan of reorganization within 120 days of the filing of the bankruptcy case. Under a typical reorganization plan, the debtor attempts to restructure his debts. Such a plan will generally provide for the repayment of loans secured by real property to be paid over an extended time. Intermediate term loans will be proposed to be paid over the remaining useful life of the security, which is generally five to ten years.

Chapter 13 bankruptcy filing in Athens, Georgia permits the individual debtor to pay down his debts, either the entire amount or a part of it, using a payment plan under the supervision of the court. Those who file under this chapter can keep their assets with them while they stick to the plan or after they have paid off the required portion of debt. This chapter involves the rehabilitation of the debtor to let him or her to use future earnings to pay off debts.

A chapter 13 bankruptcy is also referred to as a wage earner's plan. Under this chapter, debtors set up a repayment plan to make installments to creditors over three to five years. Chapter 13 is especially for individuals with regular income who want to clear their debts but are unable to do so in a timely method. The purpose of this chapter is to enable financially distressed individual debtors to propose and carry out a repayment plan under which the debts are paid off over an extended period of time generally three to five years. During this time the law forbids creditors from starting or continuing collection efforts.

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

Athens, Georgia Chapter 11

2010-02-27T04:10:00.000-05:00

Athens, Georgia Chapter 11

Federal bankruptcy rules govern how corporations go out of business or recover from crippling financial crisis. A bankrupt company might use Chapter 11 of the Federal Bankruptcy Code to reorganize its activities and try to become profitable again. Management continues to operate the daily business operations, but all important business decisions should be approved by a bankruptcy court.

If the debtor owns a business or corporation n Athens, Georgia Chapter 11 is a reorganization proceeding to consider. There are certain requirements the debtor have to meet. Some individual debtors whose debts are more than the limits of Chapter 13 can file Chapter 11. In Chapter 11, the debtor generally remains in possession of assets and continues to operate any business, under the supervision of the court and the creditors committee. You propose a plan of reorganization to the creditors, who vote on it. If the majority accept it, the court will confirm the plan and it becomes binding on you and your creditors. Plans may call for repayment out of future income or sales of some or all of the assets.

In chapter 11 proceedings in Athens, Georgia the United States trustee, a federal employee, will not function as a case trustee, who is usually a private individual. The United States trustee is responsible for monitoring all chapter 11 proceedings and has mandate to appear and be heard on any issue in any case, but may not file a plan. The case trustee, however, is responsible for management of the property of the estate, operation of the debtor's business, and, if necessary, the submission of a plan of reorganization. Section 1106 of the US Code mandates the trustee to file a plan "as soon as practicable" or, alternatively, to file a report demonstrating why a plan will not be submitted or to recommend that the proceeding be converted to another chapter or dismissed.

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

Medical Bills and Bankruptcy in Athens, Georgia

2010-02-26T04:10:00.000-05:00

Medical Bills and Bankruptcy in Athens, Georgia

Medical bills from a temporary illness or bills because of chronic health problems bring many people to the edge of financial illness in Athens, Georgia. Even in situations where people have the best medical insurance available, taking time off from job and loss of earnings can strain a person's finances. If you have huge medical bills, filing a Chapter 7 Bankruptcy can discharge your medical bills completely. If the bankruptcy means test determines you qualify to file for Chapter 7, it will permit you to get rid of medical bills, hospital charges, doctor bills, medical collections, dental bills, and also most type of medical debt. Medical bills are considered unsecured debts, and are treated in bankruptcy just like credit cards. As such, medical bills can be completely discharged in a Chapter 7 Bankruptcy.

Filing a bankruptcy proceeding in Athens, Georgia prevents creditors from initiating action against the debtor. What stops creditors from acting is the automatic stay - an injunction issued by the court as soon as you file the case. The automatic stay remains in effect until the case is over. On motion, and after a hearing before the bankruptcy judge, a creditor may obtain an order for relief from the stay. An order granting relief from the automatic stay allows a creditor to take certain specified actions, which will be listed in the order, to collect a debt against the debtor.

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

Athens, Georgia Bankruptcy Lawyer

2010-02-25T04:09:00.000-05:00

Athens, Georgia Bankruptcy Lawyer

The bankruptcy attorney’s job in Athens, Georgia is difficult, and a lot of responsibility for ensuring checks is put on the attorney. The attorney’s signature certifies that the petition has been reasonably inspected, and the proceeding is not an abuse of the bankruptcy process. The attorney should also confirm that the proceeding is acceptable under the current rules or that it is a good faith argument for the extension/modification of the existing rules. If there is a violation, the lawyer fees and the debtor cost can be assessed and made payable to the trustee.
You initial meeting with your bankruptcy lawyer in Athens, Georgia is usually free. At the initial meeting, you should frankly explain your situation to the attorney and try to gauge if you are comfortable with the attorney and their staff. At the same time the attorney will give you feedback on your situation and the options available.

When conversing with the lawyer in Athens, Georgiafind out how long he or she has been in practice, what the specifics of their specialization are, approximately how many cases they have handled and what your expectations should be from the attorney in terms of representation. Also find out whether the lawyer will be personally appearing in your case and that it will not be passed on to a junior lawyer or staff. Ask as all questions as you need and make sure that you are comfortable with the fact that you are appointing him as your bankruptcy lawyer.

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

Athens, Georgia Bankruptcy Chapters 11 and 13

2010-02-24T04:08:00.000-05:00

Athens, Georgia Bankruptcy Chapters 11 and 13

An ordinary person can file under chapter 11 in Athens, Georgia but, the provisions of chapter 11 are mostly used to reorganize a business. Chapter 11 permits the debtor to run its business through a plan of reorganization, which must fulfill certain legal requirements. By creating chapter 11, the Congress provided the debtor an opportunity to restructure its finances so that it may continue to operate, provide its employees with jobs, pay its creditors, and provide a return for its stockholders.

When the bankruptcy means test shows that you cannot file for Chapter 7 Bankruptcy in Athens, Georgia you may instead select to file for Chapter 13 Bankruptcy. A Chapter 13 Bankruptcy is a court administered payment plan which will permit you to keep your most important property while repaying the debts over time. If you file for Chapter 13 Bankruptcy you might be able to substantially decrease your medical bills. Chapter 13 can permit you to pay off your medical bills over a 3 to 5 year period of time based on your disposable income. Many times, Chapter 13 Bankruptcy forces unsecured creditors such as medical providers, hospitals, and doctor’s to accept pennies on the dollar.

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

Athens, Georgia Bankruptcy

2010-02-23T04:05:00.000-05:00

Athens, Georgia Bankruptcy

Bankruptcy process in Athens, Georgia begins with the filing of a petition in the bankruptcy court. The filing of the petition establishes a bankruptcy estate, that typically consists of all the assets of the person seeking bankruptcy protection. A separate taxable entity is established if the bankruptcy petition is submitted by an individual under chapter 7 or chapter 11 of the US Bankruptcy Code.

The bankruptcy petition is the document which starts the bankruptcy process. A petition can be a voluntary petition, which is filed by the debtor, or it can be an involuntary petition, that is filed by creditors that fulfill certain requirements. The voluntary petition must be as provided in Form 1 of the Official Forms prescribed by the Judicial conference of the United States. The Official Forms may be obtained at legal stationary stores.

The documentation required when filing for bankruptcy in Athens, Georgia has increased. For instance, you should provide additional information that details all income and expenses. In cases where the expenses are more than the IRS allowance, a special circumstances document should be submitted which reasons the necessity of the extra expense incurred. A statement of accuracy should also be submitted, together with these special circumstance documents.

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