Bankruptcy Law Firm in Muscogee County Georgia

Bankruptcy Law Firm in Muscogee County Georgia

The filing of a petition under Chapter 7 automatically stays most actions against the debtor or the debtor’s property. This stay arises by operation of law and requires no judicial action. As long as the stay is in effect, creditors generally cannot initiate or continue any lawsuits, garnish wages, or make telephone calls demanding payments. Creditors normally receive notice of the filing of the petition from the bankruptcy court clerk. One of the schedules that will be filed by the individual debtor is a schedule of exempt property.

Federal bankruptcy law provides that an individual debtor can protect some property from the claims of creditors for two reasons:
1. it is exempt under federal bankruptcy law or
2. it is exempt under the laws of the debtor’s home state.

The following are a few examples of exemptions available under federal bankruptcy law:
1. the debtor’s interest, not to exceed $15,000, in real property;
2. the debtor’s interest, not to exceed $2,400, in one motor vehicle;
3. the debtor’s interest, not to exceed $1,000, in jewelry; and
4. the debtor’s right to receive social security benefits, unemployment compensation, veterans’ benefits, and alimony to the extent necessary for the support of the debtor and any dependant of the debtor.

Our bankruptcy attorneys are based in Columbus, GA (Georgia). If you are located in Columbus, GA (Georgia), Fort Benning GA (Georgia), Chattahoochee County, Harris County, Marion County, Muscogee County, Lagrange, Atlanta, Albany, Newnan, Peachtree City, Carrollton, Muscogee County, Troup County, Phoenix City AL or Opelika AL, contact us. We can help you file for bankruptcy.

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Columbus Georgia bankruptcy lawyer | Bankruptcy attorneys in Columbus GA and Fort Benning – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Columbus GA and Fort Benning

http://www.columbus-ga-bankruptcy.com