The bankruptcy rates in Georgia are serious. As a state, we have some of the highest in the nation, which needs to be addressed. For whatever reasons, Georgians are at a higher risk of declaring bankruptcy and needing a Chapter 7 bankruptcy attorney.
The Bankruptcy Filing Process
Filing for bankruptcy should be the last step once all other mitigation options have been explored. In Georgia, there are specific requirements that are necessary per the 2005 Bankruptcy Act. Those planning to file must cooperate with:
- Credit counseling
- Georgia Means Test
- Gather documents to file
Before filing for bankruptcy, individual debtors must take part in credit counseling six months before filing for bankruptcy relief per the Bankruptcy Act of 2005. A financial management course must also be completed. Financial counseling is a requirement to ensure the individual is taking the right step in filing.
Georgia Means Test & Gathering of Documents
Under the Georgia Means Test, the person’s income and expenses are analyzed. This will determine whether you qualify for Chapter 7 bankruptcy in Georgia or Chapter 13. On the Chapter of the Bankruptcy Code has been established, the resident must then gather all the needed documents.
A Law Firm You Can Trust
If you need advice on filing for Chapter 7 bankruptcy in Georgia or need a lawyer to help you prepare for court, the Galler Law Firm can help. We have over 30 years of experience helping our clients get a new lease on life.