Tag Archives: file for Chapter 7

What is the Meeting of the Creditors?

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 »

Understanding the Role of a Bankruptcy Trustee

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 »

Factors to Consider for Filing Chapter 7 Bankruptcy

As you consider filing bankruptcy, you must account for the type and amount of debt you have and for which type of bankruptcy to file in order to best resolve your financial crisis.  Chapter 7 is the most frequently filed for and fastest type of consumer bankruptcy.  Known as “liquidation” bankruptcy, Chapter 7 allows you… Read More »

What is the Difference Between Credit Counseling and Debtor Education?

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 »