Augusta, GA individual bankruptcy attorney

Augusta, GA individual bankruptcy attorney

A person can file for bankruptcy under Chapter 7 in Augusta, GA and can have certain debts discharged when they fullfil the necessary requirements. The necessary criteria were formulated by the BACCP Act and now has both a means test and also the necessity to undergo credit counseling. The process is complicated and you must hire the services of a Augusta, GA ndividual bankruptcy attorney
Before being allowed to file a Chapter 7 bankruptcy an individual must demonstrate that their disposable income is below a certain threshold which can differ slightly from state to state based 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 preceeding the bankruptcy petition.
If a Chapter 7 petition has been filed in Augusta, GA, an impartial trustee will be appointed to sell the non-exempt assets of the filer. This trustee usually will be an attorney or an individual who is familiar with the bankruptcy laws and the legal systerm. The trustee will call a meeting of creditors, usually within 40 days from the filing date. The filer must attend the meeting and should provide to an examination under oath. The examination typically is limited to questions concerning the extent and whereabouts of the filer’s assets. However, the trustee may ask questions to ensure the filer knows 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 case in Augusta, GA under the United States Bankruptcy Code creates a bankruptcy estate. A trustee is charged with selling all assets of the estate.

---------------------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.