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  • Chatham County, GA Bankruptcy discharge

    Bankruptcy Lawyer
    10th February 2010 - By admin

    Chatham County, GA Bankruptcy discharge

    In a Chapter 7 bankruptcy, the individual files a petition in the court seeking to discharge all debts. The individual can have secured debt and unsecured debt and how each of these is handled can differ from case-to-case. An individual seeking protection under chapter 7 of the US Bankruptcy Code may have to surrender a portion of his or her assets in order to satisfy some of the debts owed to the creditors.

    The general grounds for denying a discharge to an individual debtor in Chatham County, GA include:
    1. The debtor failed to keep or produce adequate books or financial records;
    2. Failure of the debtor to explain satisfactorily any loss of assets;
    3. The debtor is guilty of a bankruptcy crime such as perjury;
    4. Failure of the debtor to obey a lawful order of the bankruptcy court; or
    5. The debtor fraudulently transferred, concealed, or destroyed property that would have become property of the estate.

    The Chapter 13 debtor in Chatham County, GA is entitled to get a discharge on successful completion of entire payments under the Chapter 13 plan. In exchange for the willingness of the Chapter 13 debtor to maintain the discipline of a repayment plan for 3 to 5 years, a wider discharge is granted under Chapter 13 than in a Chapter 7 case.
    Usually, the debtor in Chatham County, GA is discharged from all debts under the plan or debts that are rejected, except for the following:
    1. Some long-term obligations such as a home mortgage;
    2. Debts for alimony or child support;
    3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
    4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the debtor’s conviction of a crime.

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    Savannah Georgia bankruptcy lawyer | Bankruptcy attorneys in Savannah GA and Richmond Hill – Filing for Chapter 13 Bankruptcy and Chapter 7 Bankruptcy in Savannah GA

    http://www.savannahgabankruptcy.com

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