Augusta, Georgia individual bankruptcy attorney

Augusta, Georgia individual bankruptcy attorney

An individual can file for bankruptcy under Chapter 7 in Augusta, Georgia and can have certain debts discharged if they fullfil the necessary criteria. The necessary requirements were established by the BACCP Act and now include both a means test as well as the requirement to undergo credit counseling. The process is complicated and you should use the services of a Augusta, Georgia ndividual bankruptcy attorney
Prior to being permitted to file a Chapter 7 bankruptcy a person will need to show that their disposable income falls below a certain threshold which may differ 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 preceeding their bankruptcy petition.
Once a Chapter 7 petition has been filed in Augusta, Georgia, an impartial trustee will be appointed to liquidate the non-exempt assets of the debtor. The trustee often will be a lawyer or an individual who is familiar with the bankruptcy regulations and the courts. The trustee should call a meeting of creditors, usually within 40 days after the date of filing. The filer must appear at this meeting and must submit to an examination under oath. The examination generally is limited to questions about the extent and whereabouts of the debtor's assets. But, the trustee can ask questions to ensure the debtor is aware of the likely consequences 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 Augusta, Georgia under the Federal Bankruptcy Code creates a bankruptcy estate. A trustee is entrusted with liquidating all property 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.