Filing for Chapter 7 or Chapter 13 in Georgia is different than other states because there are specific rules for Georgia that must be followed. Bankruptcy is governed by federal laws; however a Bankruptcy Lawyer in Villa Rica GA can explain the legal filing process, credit counseling and pre-discharge debtor education that must be completed as part of the process. There is additional information that is required on Georgia bankruptcy forms. Before choosing to file for bankruptcy, it’s important to speak to an attorney for valuable legal advice and guidance for the situation.
There are a variety of steps that need to be followed for Chapter 7 or Chapter 13 bankruptcy. The first step that must be completed is showing proof that credit counseling was completed through a credit counseling agency. This agency must be approved by the U.S. Trustee in Georgia. It must also be completed within the six month window before filing bankruptcy. For the ending process of the bankruptcy, a debtor education course must be completed. This is in addition to meeting with a Bankruptcy Lawyer in Villa Rica GA and determining which items are eligible for the exemption and which items are not.
There are a number of schedules that must be completed as part of the bankruptcy filing. Some states permit individuals filing bankruptcy to use the federal bankruptcy exemptions. Georgia does not permit bankruptcy filers to use federal exemptions. The state’s exemptions for bankruptcy have to be used. In George, there is a Homestead Exemption on a home that is owned. There is also a motor vehicle exemption. There are wage exemptions and many other exemptions that need to be determined by an experienced attorney. When assets are larger than the debt on an item, those items may have to be disposed of during a bankruptcy proceeding.
Chapter 7 and Chapter 13 bankruptcy laws can be very confusing without the assistance of an experienced bankruptcy attorney. It is possible to maneuver through the bankruptcy waters with legal help. For more information on decreasing or releasing the burden of excessive debt, please feel free to contact us.
