With the average Chapter 7 bankruptcy taking between 100 and 180 days and the average Chapter 13 bankruptcy taking about 3-5 years, people often wonder why filing for bankruptcy in Georgia is such a lengthy process. The truth is that there are a lot of time-specific waiting periods and deadlines that must elapse at multiple… Read More »
A meeting of creditors is a required part of the bankruptcy process. The meeting is coordinated by the trustee of your bankruptcy case and involves a thorough investigation of your claim. This investigation aims to identify fraud and review your financial holdings and credit history. Although it is rather uncommon for creditors to actually appear… Read More »
When you file for bankruptcy in Georgia, the court assigns a trustee to administer and oversee your case. A bankruptcy trustee is an impartial party whose job it is to review all of your financial statements for accuracy and ensure that all accompanying paperwork is in order. In the event that you’re required to liquidate… Read More »
In 2011, Georgia had 73,852 bankruptcy filings, 96 percent of which were consumer filings. This ranked Georgia as among one of the states with the largest number of filings in the year. When filing for Chapter 7 or Chapter 13 bankruptcy in Georgia, you must complete a credit counseling and debtor education session. Both are… Read More »