Understanding Bankruptcy Laws
in Georgia

When it comes to filing for bankruptcy, certain things will remain the same no matter where in the country you live. However, there are certain things to know if you live in the state of Georgia.

Chapter 7 Versus Chapter 13

There are a couple of other types of bankruptcy out there, but for most individuals, the choice will be between Chapter 7 and Chapter 13. In Georgia, the advantages to filing for Chapter 7 bankruptcy include having prompt protection against collectors coming after your assets. Additionally, most people find that after going through Chapter 7, their entire debt is eliminated after about six months. An advantage of Chapter 13 is being able to retain all of your property. You can also file for Chapter 13 more than once.

How to File

You should speak with a bankruptcy attorney before actually filing to see if this is truly the best course of action. If it is, then you will need to go to the Georgia district bankruptcy court to file a petition. Your lawyer will be able to assist you with all related paperwork so that nothing is overlooked.

Bankruptcy is very intricate, and you need to ensure you are doing everything correctly so that you can finish the process as soon as possible. Contact Brace W. Luquire to get started on the filing process today.