Bankruptcy in Athens-Clarke County Georgia
The US Bankruptcy Code provides for filing under different chapters. Both businesses and individuals can file under any of these chapters with the exception of Chapter 12, which is reserved for use by farmers and fishermen. The most common type of bankruptcy overall is Chapter 7. It is used extensively by both individual and businesses. Chapter 11 is almost always reserved for companies. For filing under Chapter 11, a small business must meet certain conditions. In such Chapter 11 cases in that there is no creditors’ committee overseeing the process. Such cases are usually filed when the court either does not appoint a creditors’ committee, or the committee fails to be sufficiently involved in the process. To file a Chapter 11 bankruptcy, the business must have less than about $2,000,000 in total secured and unsecured debt. You must undergo credit counseling before you can file for bankruptcy. The credit counseling services check out whether debtors can pay at least 60% or more of their debts so that they don’t have to file bankruptcy. Moreover, those opting for bankruptcy will have to go through a Means Test which can determine the type of bankruptcy that he should file.
We are based in Athens, GA (Georgia). We can help you file for bankruptcy if you are located in Athens, Watkinsville, Carnesville, Elberton, Homer, Jefferson, Danielsville, Lexington, Hartwell, Winder, and Clarke County, Oconee County, Elbert County, Franklin County, Banks County, Jackson County, Madison County, Hart County, Barrow County and Oglethorpe County, Ben Epps Airport, University of Georgia (UGA), Piedmont Judicial Circuit, Northern Judicial Circuit and Athens-Clarke County.
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Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
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