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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » Useful Advice From Bankruptcy Attorneys

Useful Advice From Bankruptcy Attorneys

You need Franklin bankruptcy attorneys to help you with your personal bankruptcy case. While you can file for personal bankruptcy on your own, you are much better off if you work with Franklin bankruptcy attorneys since they understand the process better than you do. For instance, Franklin bankruptcy attorneys know that bankruptcy is a federal procedure that takes place in a federal courthouse.

Each state then gets divided into several bankruptcy districts where federal courthouses are that you can file for personal bankruptcy in. The state of Georgia is divided into three bankruptcy districts: the Northern Georgia Bankruptcy District, the Middle Georgia Bankruptcy District, and the Southern Bankruptcy District. Federal bankruptcy law also requires you to take a course in credit counseling at least six months before actually filing for bankruptcy to help you determine if you should even be filing for bankruptcy at all.


State laws also affect filing for personal bankruptcy, especially when you file for chapter 7 personal bankruptcy and has to deal with bankruptcy exemptions. Chapter 7 personal bankruptcy, sometimes called straight bankruptcy, sees a trustee appointed by the bankruptcy court helping you to liquidate your nonexempt personal property to help pay back your creditors. The bankruptcy exemptions help save certain of your personal property from being liquidated.

Bankruptcy exemption schemes change from state to state. The state of Georgia does not allow anyone filing for bankruptcy to use federal bankruptcy exemptions. If filing for personal bankruptcy in the state of Georgia, you must only state bankruptcy exemptions. However, you are also allowed to use supplemental federal bankruptcy exemptions.

You will not use all of the bankruptcy exemptions that are available to you. You will only use the bankruptcy exemptions that apply to your specific bankruptcy case. Your Franklin bankruptcy attorneys will know best how to use bankruptcy exemptions to your benefit when you have filed for bankruptcy.

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For experienced, knowledgeable and trustworthy bankruptcy assistance, contact the attorneys from Call toll-free 800-260-1402 today for your initial free consultation or come into one of their 100 offices across the country.


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