Search In Legal Georgia Bankruptcy Forms For Free

Again, there's no minimum or maximum amount of unsecured debt required to file Chapter 7 bankruptcy. In fact, your amount of debt doesn't affect your eligibility at all. You can file as long as you pass the means test.

Bankruptcy begins with the filing of a petition. The bankruptcy includes all debts prior to the petition (these are known as prepetition debts). Once a debtor files a bankruptcy petition, the automatic stay prevents creditors from taking actions to collect debts from the debtor.

How do I find out if a person or a business has declared bankruptcy? The easiest way to find out if a person or a business has declared bankruptcy is to do an online search of bankruptcy and insolvency records.

The bankruptcy court charges a $338filing fee for Chapter 7. If your household income is below 150% of the federal poverty guidelines, you may qualify for a fee waiver (see the Georgia Fee Waiver Eligibility table below). The Northern District of Georgia provides a detailed overview of how fee waivers work.

To qualify, you must do one of the following: Have an income below the Georgia state median income, or. Pass a ?means test.? Under Georgia bankruptcy laws, the means test looks at your debts, income and reasonable expenses, and decides how much money you'll have left over to pay your debts.

Bankruptcy costs in Georgia are actually quite affordable and legal fees can usually be managed if the attorney is reasonable. Court filing fees are among the initial costs of a Chapter 7 or Chapter 13 bankruptcy. In the Northern and Middle Districts of Georgia, the Chapter 7 filing fee is $338 as of 2023.