Macon, GA individual bankruptcy attorney

A person can file for bankruptcy under Chapter 7 in Macon, GA and can have certain debts discharged if they meet the necessary requirements. These necessary requirements were established under the BACCP Act and now include both a means test and also the requirement to receive credit counseling. The process is complex and you must hire the services of a Macon, GA ndividual bankruptcy attorney
Prior to being permitted to file a Chapter 7 bankruptcy an individual should prove that their disposable income falls below a certain threshold which may vary slightly from state to state depending on the average income of the state.
The individual is also required to have undergone credit counseling from an accredited organization at some stage in the 180 days preceeding their bankruptcy petition.
When the Chapter 7 petition has been filed in Macon, GA, an impartial trustee will be appointed to sell the non-exempt assets of the filer. The trustee generally will be a lawyer or an individual who knows the bankruptcy laws and the courts. The trustee should call a meeting of creditors, usually within 40 days after the date of filing. The debtor must appear at this meeting and must submit to an examination under oath. The examination usually is limited to questions concerning the extent and whereabouts of the filer’s assets. But, a trustee can ask questions that ensure the debtor 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 filing of a Chapter 7 proceeding in Macon, GA under the United States Bankruptcy Code creates a bankruptcy estate. A trustee is entrusted with liquidating all assets of the estate.

---------------------Macon Georgia bankruptcy lawyer | Bankruptcy attorneys in Macon GA and Warner Robins - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Macon GAhttp://www.macongabankruptcy.com