Galler Law: Understanding the bankruptcy chapter 7
There are many kinds of bankruptcy but most common type is bankruptcy chapter 7. It can be confusing to know which kind of bankruptcy is suitable to your situation. Here is some important information related to bankruptcy chapter 7. Chapter 7 Chapter 7 bankruptcy is also known as liquidation bankruptcy. You will get rid of your outstanding debts but court will force you to liquidate some assets to satisfy the creditors. The cost of chapter bankruptcy is about $229 for filling fees and paper work. It will take nearly 4-6 months to complete. Chapter 7 bankruptcy needs one visit to the court. You will advise to take a credit counseling course most of the times that is endorsed by United States Trustee. You should be aware with the law related to bankruptcy and its various kinds that vary from state to state. So, you should be aware that your bankruptcy attorney is familiar with the law. Georgia bankruptcy attorney is one of...