Richmond County, GA Bankruptcy

Richmond County, GA Bankruptcy

Bankruptcy case in Richmond County, GA starts 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. An independent taxable entity is created when the bankruptcy petition is filed by an individual under chapter 7 or chapter 11 of the US Bankruptcy Code.

The bankruptcy petition is a document that begins the bankruptcy process. A petition can be a voluntary petition, that is filed by the debtor, or it can be an involuntary petition, which is filed by creditors that meet certain requirements. A 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 can be obtained at legal stationary stores.

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

---------------------
We are Augusta GA bankruptcy lawyer | Georgia attorney that assist their clients in filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Augusta GA.