Filing for Atlanta, Georgia bankruptcy should only be done when you have the insight of an experienced attorney at your side to help guide you through the process. When you have fallen behind and don’t see a way out, bankruptcy can be the answer to give you a fresh start. However, deciding to file is only the beginning.
You will need to understand the means testing amounts, the exemption list of the assets you may be eligible to keep, mandatory education providers that should be contacted in advance and where to find the official bankruptcy forms. You must disclose all factors within your financial situation on official bankruptcy forms when you initiate your petition. The forms don’t provide you with further details about what happens after you file and you will need to research the law about issues such as bankruptcy’s impact on your property.
Scheduling a consultation with an Atlanta, Georgia bankruptcy lawyer can help you. Georgia has three different bankruptcy districts in the northern, middle and southern district. Means testing charts are the only way to obtain a Chapter 7 bankruptcy. If you are blocked from receiving a Chapter 7 bankruptcy in Atlanta, Georgia you will need to file for Chapter 13 bankruptcy, which is not a total liquidation.
A Chapter 13 bankruptcy involves you proposing a 3-5 repayment plan, in which some of the debts will be paid off in full and others will be paid off in part. Many filers have to complete two educational classes before getting a discharge. One of these occurs before filing and the other one happens after the fact. Many people are concerned about bankruptcy exemptions and this is one reason why you’ll need to schedule a consultation with an Atlanta, Georgia bankruptcy attorney to identify your rights and responsibilities going forward.
An experienced bankruptcy lawyer can tell you more about what to anticipate and help you prepare the appropriate paperwork to minimize the chances of mistakes. There are many different things to consider in the process of filing for bankruptcy in Atlanta, Georgia, and the right lawyer can make a big difference.
If you need a fresh start, you must have a lawyer at your side to help you with all aspects of filing for bankruptcy.