Considering bankruptcy? Due to the complexity of the Georgia bankruptcy filing process, you may want to seek help from an experienced legal professional.
Before you file for bankruptcy, you will need to gather some important financial information, such as a list of all of your debts, tax records, loan documents, car titles, and property deeds. You will need this information to complete all of the documents that are required in the Georgia bankruptcy filing process.
Also known as schedules, the bankruptcy forms will ask a series of questions about your current and past financial status. You will not only need to detail all of your debts and assets in these documents, but also provide a historical record of any financial transactions that you have made over the last two years. In addition, if you are filing for Chapter 13 bankruptcy, you will be required to submit a proposed repayment plan along with your bankruptcy forms.
With all of the forms required to file bankruptcy in Georgia, it is easy to make a mistake. An experienced bankruptcy attorney, however, can eliminate these risks and ensure your bankruptcy forms are completed correctly. With the right representation, you may even be able to keep your home or vehicle if you file for bankruptcy in Georgia.
After you have completed all of the necessary bankruptcy forms, you will then need to file a petition with the bankruptcy court, and pay the required Georgia bankruptcy filing fees. Your creditors will be notified once you have submitted this petition and an automatic stay will immediately go into effect. Under this provision, your creditors will no longer be allowed to contact you or take legal action against you.
Approximately 30 days after you submit your bankruptcy petition, you will meet with an assigned trustee and your creditors in court—an event known as a 341 meeting. Your trustee will review all of the forms you submitted and ask a series of questions about your debts and assets. If the trustee determines you have any nonexempt property, you will be required to surrender it at this time. If there are no objections, your debts will be discharged about six months after your 341 meeting.
DISCLAIMER: GeorgiaBankruptcyLaws.Org HAS SUPPLIED THE INFORMATION ON THIS WEBSITE FOR INFORMATIONAL PURPOSES ONLY. THE INFORMATION ON THIS WEBSITE MAY NOT BE 100% ACCURATE AND SHOULD NOT BE INTENDED AS LEGAL ADVICE. THE USE OF THIS WEBSITE DOES NOT CREATE A LAWYER-CLIENT RELATIONSHIP. HIRING A BANKRUPTCY ATTORNEY IS A VERY IMPORTANT DECISION. BEFORE HIRING AN ATTORNEY IT IS IMPORTANT TO ASK FOR WRITTEN AND VERIFIED INFORMATION ABOUT THE ATTORNEYS QUALIFICATIONS AND EXPERIENCE.