By Jeff Field | Published June 1, 2026 | Posted in Bankruptcy | Tagged Tags: assets, bankruptcy, trustee | Leave a comment
In most Chapter 7 bankruptcy cases, the court-appointed trustee’s role is relatively straightforward. The trustee reviews the filer’s financial disclosures, oversees the creditor meeting and determines whether any non-exempt assets may need to be liquidated. However, when questions arise about the accuracy or completeness of the paperwork submitted to the court, the trustee might take Read More
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Soon after you file a Chapter 7 bankruptcy petition, you will be required to attend a creditors’ meeting. Its purpose is to verify the accuracy of the information in your filings and to determine if there is anything that would make you ineligible for debt relief. Creditors’ meetings —also known as Section 341 meetings — Read More
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Bankruptcy provides a fresh financial start for people faced with insurmountable debt. Although the bankruptcy trustee has authority to seize and sell the debtor’s assets to pay off creditors, there are federal and state laws that allow debtors to keep certain property or its equivalent value. These are called exemptions, and one of the most Read More
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Most Georgia bankruptcy filers prefer taking the Chapter 7 route because it results in discharging outstanding debts while allowing debtors to keep most or all of their property. However, you shouldn’t assume Chapter 7 is the right fit for you. There are several factors to consider first, including your income, your expenses and whether you Read More
Read MoreChapter 13 is a court-approved restructuring of debt that requires you to commit to a repayment plan that will last for three to five years. However, the plan you propose is not effective until the bankruptcy judge approves it after a confirmation hearing, at which creditors and/or the appointed bankruptcy trustee can raise objections. The Read More
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