Georgia Bankruptcy Law Network

Georgia Bankruptcy Law Network

Bankruptcy Questions Answered by Georgia Bankruptcy Law Professionals

Search Results for:

Who Has Final Responsibility For Making Sure Bankruptcy Schedules Are Correct?

In consumer Bankruptcy cases, especially Chapter 7 cases, completing the Schedules is one of the most important tasks.  The Schedules identify (among other things) all your creditors, your property (and values of the property), your exemptions, income and expenses.  In Chapter 13 cases, they will show the disposable income that will be paid to the… Continue Reading

“Emergency” Cases and “Skeletal” Bankruptcy Petitions – What Are They?

“Emergency” Bankruptcy cases or petitions, and “skeletal” petitions, are terms that are used fairly often in the Bankruptcy world and you may come across the terms in various websites (such as this one).  The terms are related, but have different meanings.  An “emergency” Bankruptcy case is, as the name implies, a Bankruptcy case that has… Continue Reading

Should You File A Chapter 7 For Your Small Business?

I frequently get calls from individuals who own small or mid-size businesses that are experiencing financial difficulties and need to close their doors.  They often assume that they should file a bankruptcy petition on behalf of the business if it is a separate business entity.  Often, filing the petition for the business does no good,… Continue Reading

How Does A Chapter 7 Trustee Know What I Have?

Like all Bankruptcy lawyers, I am happy that just about every client or potential client that has walked through my door is completely honest with me and in their filings with the Bankruptcy Court.  However, when discussing the Bankruptcy Schedules and list of assets, it is natural to occasionally get asked how Chapter 7 Trustees… Continue Reading