Athens-Clarke County, Georgia Bankruptcy
Bankruptcy case in Athens-Clarke County, Georgia starts with the filing of a petition in the bankruptcy court. The filing of the petition establishes a bankruptcy estate, that usually consists of all the assets of the person filing the bankruptcy petition. An independent taxable entity is created when the bankruptcy petition is filed by an individual under chapter 7 or chapter 11 of the Federal Bankruptcy Code.
The bankruptcy petition is a document which initiates the bankruptcy process. A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements. The voluntary petition must be as prescribed in Form 1 of the Official Forms prescribed by the Judicial conference of the United States. The Official Forms may be obtained at legal stationary stores.
The documentation necessary when filing for bankruptcy in Athens-Clarke County, Georgia has increased. For instance, the debtor should provide additional information that details all income and expenses. When the expenses are more than the IRS allowance, a special circumstances document should be submitted which details the necessity of the additional expense incurred. A statement of accuracy should also be submitted, along with these special circumstance documents.
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Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
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