Richmond Hill, Georgia Bankruptcy

Bankruptcy case in Richmond Hill, Georgia begins with the filing of a petition with the bankruptcy court. The filing of the petition creates a bankruptcy estate, which usually consists of all the assets of the person filing the bankruptcy petition. A separate taxable entity is created if the bankruptcy petition is submitted by an individual under chapter 7 or chapter 11 of the US Bankruptcy Code.

A bankruptcy petition is the document which starts the bankruptcy process. The petition may be a voluntary petition, which is filed by the debtor, or it can be an involuntary one, that is filed by creditors who meet certain criteria. The voluntary petition must be as provided in Form 1 of the Official Forms prescribed by the Judicial conference of the United States. The Official Forms can be purchased at legal stationary stores.

The documentation required when filing for bankruptcy in Richmond Hill, Georgia has increased. For instance, you should provide additional information that details all income and expenses. If the expenses exceed the IRS allowance, a special circumstances document must be submitted which explains the necessity of the additional expense incurred. A statement of accuracy should also be submitted, together with these special circumstance documents.

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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

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