A person can file for bankruptcy under Chapter 7 in Richmond County, Georgia and can have certain debts discharged if they meet the necessary criteria. These necessary requirements were formulated under the BACCP Act and now include both a means test as well as the requirement to undergo credit counseling. The process is complicated and you must hire the services of a Richmond County, Georgia ndividual bankruptcy attorney
Prior to being permitted to file a Chapter 7 bankruptcy a person must show that their disposable income falls below a certain threshold which will differ slightly from state to state based on the average income of the state.
The person will also need to have undergone credit counseling from an accredited organization at some stage in the 180 days before their bankruptcy petition.
When a Chapter 7 petition has been filed in Richmond 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 is aware of the bankruptcy rules and the legal systerm. The trustee must conduct a meeting of creditors, usually within 40 days after the date of filing. The debtor should appear at 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. However, a trustee may ask questions to ensure the filer understands the potential 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 Richmond County, Georgia under the United States Bankruptcy Code creates a bankruptcy estate. A trustee is charged with liquidating all property of the estate.
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