Welcome to Bankruptcy Guide
Bankruptcy Court Georgia Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Filing Bankruptcy Brings a Sigh of Relief!
from:After filing bankruptcy, you can breathe a sigh of relief. When you let creditors know you are seeking debt relief through the legal system, they have to suspend collection efforts. It doesn’t take long to realize that the USA Bankruptcy Court offers a powerful solution to those who find themselves unable to handle their debt.
Filing for bankruptcy is a process that is best handled by an attorney specializing in bankruptcies. There are many different forms and steps that must be taken, and they need to be completed according to the law. Most people really don’t have a good understanding of how to begin the process, much less know how to complete the paperwork, file court documents and contact creditors.
In addition, there are many different laws that can help you restart from a strong vantage point if you know they exist. For example, you can keep your house in many personal bankruptcies today. An attorney will go through the process with you step-by-step which begins with a lengthy questionnaire.
The questionnaire you complete has a lot of questions about current debt, payments, delinquent accounts, assets and income. The questions are designed to get answers to the same questions that will be asked by the bankruptcy court. Based on your answers, the attorney will tell you which of the chapters is best for your situation. When filing bankruptcy, you can file a chapter 7 or chapter 13 as an individual.
After filing bankruptcy, the court appoints a trustee. The job of the trustee is to review the information the attorney collected and determine if the information is accurate and complete. You will probably have to attend a brief meeting with the trustee to answer any questions about the personal information submitted to the court. Your attorney will also let all the creditors know the official filing has taken place.
When filing a bankruptcy as a chapter 7, the courts allow you to keep enough assets to begin a fresh start. You may be allowed to keep your house and the car you drive to work, for example. You are also allowed to keep a certain amount of cash. It’s possible you will have to sell some assets or use cash over the minimum allowed to pay off a portion of the debt owed.
When filing bankruptcy as a chapter 13, you are actually asking the court to force the debtors to accept a repayment plan. You are given up to five years to pay the debts you owe. The court will determine the repayment plan.
When you decide it’s time for filing bankruptcy, the first step should be to consult an attorney. The process is complex, and there are many different decisions which must be made along the way. Chances are that amendments will have to be filed also before the final discharge. It’s common for people to remember old debt that should have been listed on the first questionnaire.
Bankruptcy Court Georgia Specific links
Bankruptcy Court Georgia News
Georgia-based military air carrier files to reorganize under Chapter 11 - Atlanta Journal Constitution
 Financial Times | Georgia-based military air carrier files to reorganize under Chapter 11 Atlanta Journal Constitution By David Ibata The Peachtree City-based Global Aviation Holdings Inc. – the nation's largest charter air provider for the US military – has filed to reorganize under Chapter 11 of the US Bankruptcy Code, the company announced. Global Aviation Holdings Inc. Receives Approval of First Day Motions Military Transporter Files for Chapter 11 Global Aviation Seeks to Cut Planes as Military Missions End |
Former NFL Player Says Ex-UGA Coach Duped Him - ABC News
 ABC News | Former NFL Player Says Ex-UGA Coach Duped Him ABC News Jim Donnan convinced Bell to invest the money in GLC Limited, a liquidation company that would buy appliances and furniture for resale, according to documents filed last month in US Bankruptcy Court by Bell's lawyers. Bell's attorneys say Donnan, ... |
New York bankruptcy court taps new chief judge - Thomson Reuters News & Insight
 Thomson Reuters News & Insight | New York bankruptcy court taps new chief judge Thomson Reuters News & Insight NEW YORK, Feb 1 (Reuters) - A federal bankruptcy court in New York, arguably the nation's most influential court handling corporate reorganizations, has installed a new chief judge to replace the retiring Arthur Gonzalez. Ceceila Morris, who hears ... |
Ex-NFL player Kendrell Bell accuses his college coach at Georgia of duping him ... - Washington Post
 Red and Black | Ex-NFL player Kendrell Bell accuses his college coach at Georgia of duping him ... Washington Post Jim Donnan convinced Bell to invest the money in GLC Limited, a liquidation company that would buy appliances and furniture for resale, according to documents filed last month in US Bankruptcy Court by Bell's lawyers. Bell's attorneys say Donnan, ... Former Georgia football coach Donnan involves player in Ponzi scheme |
Court-Ordered Sale Bags $11M for H&H Bagels' Shop, Plant - Citybizlist Real Estate
Court-Ordered Sale Bags $11M for H&H Bagels' Shop, Plant Citybizlist Real Estate NEW YORK - An unidentified buyer has paid $11 million for H&H Bagel's former shop on the Upper West Side, taking the deed in heated bidding at a bankruptcy court-ordered sale. GA Keen Realty Advisors LLC, based in Woodland Hills, Calif., ... GA Keen Realty Advisors Announces $11 Million Sale of Former H&H Bagels Property |