Columbus, Georgia individual bankruptcy attorney

An individual can file for bankruptcy under Chapter 7 in Columbus, Georgia and can have certain debts discharged if they fullfil the necessary requirements. The necessary criteria were formulated by the BACCP Act and now include both a means test as well as the requirement to receive credit counseling. The process is complex and you must use the services of a Columbus, Georgia ndividual bankruptcy attorney
Before being permitted to file a Chapter 7 bankruptcy an individual must establish that their disposable income falls below a certain threshold which may vary slightly from state to state based on the average income of the state.
The individual is also required to have received credit counseling from an accredited organization at some stage in the 180 days before the bankruptcy petition.
If the Chapter 7 petition has been filed in Columbus, Georgia, an impartial trustee is appointed to sell the non-exempt assets of the filer. The trustee generally will be an attorney or someone who is aware of the bankruptcy regulations and the courts. The trustee will hold a meeting of creditors, usually within 40 days after the date of filing. The filer must attend the meeting and should submit to an examination under oath. The examination generally is limited to questions concerning the extent and whereabouts of the debtor's assets. But, a trustee can ask questions to ensure the debtor knows 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 filing of a Chapter 7 proceeding in Columbus, Georgia under the Federal Bankruptcy Code creates a bankruptcy estate. The trustee is charged with liquidating all assets of the estate.

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