Atlanta Bankruptcy Lawyers, Freeman Saxton, Explain the Bankruptcy Filing Process in Georgia - WDRB 41 Louisville News

Atlanta Bankruptcy Lawyers, Freeman Saxton, Explain the Bankruptcy Filing Process in Georgia

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The Atlanta bankruptcy attorneys at Freeman Saxton want to help you better understand how to file for bankruptcy in the state of Georgia.

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ATLANTA, GA, August 14, 2014 /24-7PressRelease/ -- The bankruptcy filing process is predominantly governed by federal regulations, so it is almost universal from state to state. However, there are some state specific pieces of information that you need to be aware of when filing for bankruptcy in Georgia, according to the Atlanta lawyers at Freeman Saxton.

Filing for Bankruptcy in Georgia

In order to file for Chapter 7 or Chapter 13 bankruptcy in the state of Georgia, you are first required to participate in a credit counseling program before you are able to actually begin the filing process. Your counseling has to be conducted by a U.S. Trustee-approved agency in Georgia and must be done no later than six months prior to your filing date.

After completing the counseling, you will need to gather all of your financial paperwork to itemize your financial transactions and income sources. When compiling your information, you should gather documentation on your major financial transactions for the last two years, all of your monthly living expenses, any debts you may have and any assets and possessions you may own. Additionally, you need to collect your tax returns for the last two years as well as any documentation concerning any loans you may have.

Before filing, you should also check to see if you are eligible for bankruptcy exemptions. These exemptions protect the value of certain pieces of property such as your car and home. Some states allow you to use the federal bankruptcy exemptions, but in the state of Georgia, you must use the Georgia exemptions. You can find a list of Georgia exemptions at

Once you have decided whether you qualify for any bankruptcy exemptions, you are ready to begin the actual filing process. To file for bankruptcy, you have to first complete a bankruptcy petition and then provide several pieces of information about your finances.

"The bankruptcy process is a very demanding and complex process," says Jeff Lall, attorney at Freeman Saxton, P.C. "Many people assume that they can handle the process on their own, but to do so is potentially problematic. Having an Atlanta bankruptcy attorney to help you through the process will ensure you have all the proper documentation, and they can thoroughly explain the exemptions to you."

If you have any questions about the bankruptcy process in Georgia or are interested in a free consultation, visit

About Freeman Saxton:

Freeman Saxton is an Atlanta law firm, specializing in real estate law and litigation. While this firm specializes in real estate, these lawyers also strive to protect consumers during forclosure proceedings, debt collection lawsuits, bankruptcy and other civil suits.

To learn more, please visit

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