Macon, Georgia individual bankruptcy attorney

An individual can file for bankruptcy under Chapter 7 in Macon, Georgia and can have certain debts discharged when they meet the necessary requirements. These necessary criteria were established under the BACCP Act and now has both a means test and also the necessity to undergo credit counseling. The process is complex and you must hire the services of a Macon, Georgia ndividual bankruptcy attorney
Prior to being permitted to file a Chapter 7 bankruptcy a person must establish that their disposable income falls below a certain threshold which may differ slightly from state to state depending on the average income of that state.
The individual will also need to have received credit counseling from an accredited organization at some stage in the 180 days before the bankruptcy petition.
Once a Chapter 7 petition has been filed in Macon, Georgia, an impartial trustee will be appointed to liquidate the non-exempt assets of the debtor. This trustee often will be a lawyer or an individual who is aware of the bankruptcy regulations and the courts. The trustee should conduct a meeting of creditors, generally within 40 days from the filing date. The debtor must appear at the meeting and should submit to an examination under oath. The examination typically is restricted to questions about the extent and whereabouts of the debtor's assets. However, the trustee can ask questions to ensure the filer is aware of 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 case in Macon, Georgia under the United States Bankruptcy Code creates a bankruptcy estate. The trustee is charged with selling all assets of the estate.

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