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Bankruptcy Lawyer Atlanta GA – Chapter 7 & Chapter 11 Attorney Atlanta Business Bankruptcy Attorneys & Chapter 7 Lawyers, Creditor Representation -creditor’s interests in chapter 7, 11, & 13 cases, including preference and fraudulent transfer litigation.
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Bankruptcy Lawyer Atlanta GA – Chapter 7 & Chapter 11 Attorney Atlanta Business Bankruptcy Attorneys & Chapter 7 Lawyers, Creditor Representation -creditor’s interests in chapter 7, 11, & 13 cases, including preference and fraudulent transfer litigation.
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Clients interested in perusing protection Under the Bankruptcy Code are required to provide the following information:
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The date the bankruptcy petition (“Petition”) is filed is called the Petition Date which is important for various reasons. When you file your Petition you are required to file a statement of financial affairs (SOFA) and schedules of all your assets and all your liabilities.  You must list all your creditors and all your assets, you cannot pick and chose who you file bankruptcy against.  All disclosure materials you file in connection with your bankruptcy case are under oath and therefore must be consistent with any other statements you have made under oath such as in tax returns or in testimon
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y at arbitrations or trials.  If you make any false statement or misrepresentation in connection with your case, ie you fail to list a creditor or any property like a car, boat or shares of stock in the company, a creditor or the bankruptcy trustee can file an objection to your discharge so that you don’t get a discharge of any of your debts.  An objection to your discharge as a whole is different from a creditor objecting to the dischargeability of that particular creditor’s debt only.  This difference is discussed further below.
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With the current situation of the United States’ economy, an increasing number of individuals and businesses are finding themselves incurring a large amount of debt. The recession has led people who were previously able to pay all their financial obligations on time to fall behind on their payments. Between the pay cuts and lost jobs, debtors are realizing that their assets are not enough to cover what they owe, nor their day-to-day expenses. Luckily though, there is a solution to help debtors emerge from their financial troubles quickly and smoothly – bankruptcy.
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With the current situation of the United States’ economy, an increasing number of individuals and businesses are finding themselves incurring a large amount of debt. The recession has led people who were previously able to pay all their financial obligations on time to fall behind on their payments. Between the pay cuts and lost jobs, debtors are realizing that their assets are not enough to cover what they owe, nor their day-to-day expenses. Luckily though, there is a solution to help debtors emerge from their financial troubles quickly and smoothly – bankruptcy.