A person can file for bankruptcy under Chapter 7 in Muscogee County, Georgia and can have certain debts discharged when they meet the necessary criteria. These necessary criteria were established under the BACCP Act and now has both a means test and also the necessity to receive credit counseling. The process is complicated and you must hire the services of a Muscogee County, Georgia ndividual bankruptcy attorney
Before being allowed to file a Chapter 7 bankruptcy an individual will need to show that their disposable income is below a certain threshold which may differ slightly from state to state based on the average income of that state.
The individual is also required to have received credit counseling from an accredited organization at some stage in the 180 days preceeding their bankruptcy petition.
If the Chapter 7 petition has been filed in Muscogee County, Georgia, an impartial trustee is appointed to sell the non-exempt assets of the filer. The trustee usually will be an attorney or an individual who knows the bankruptcy regulations and the legal systerm. The trustee must conduct a meeting of creditors, generally within 40 days after the date of filing. The debtor must attend this meeting and must submit to an examination under oath. The examination generally is restricted to questions about the extent and whereabouts of the filer’s assets. But, the trustee may ask questions to ensure the filer understands the likely results 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 petition in Muscogee County, Georgia under the United States Bankruptcy Code creates a bankruptcy estate. A trustee is entrusted with liquidating all property of the estate.
———————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 Benninghttp://www.columbus-ga-bankruptcy.com
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