How to Find Bankruptcy Records in Georgia?
Georgia maintains that bankruptcy records are public records.
Georgia has two chapters for filing bankruptcy:
- Chapter 7
- Chapter 13
People can file under these chapters.
Under Chapter 13 bankruptcy, the debts get consolidated. Two factors will decide this plan
- Petitioners disposable income
- Expenses of the petitioner (reasonable)
The court formulates a repayment plan. The judge has to approve of the plan. The plan lasts for three to five years.
Under Chapter 7 bankruptcy, the court assigns a Trustee
Work of the Trustee
- To ensure that creditors get paid
- To analysis the assets
- Identify the disposable assets
- Sell the assets
- Pay the creditor
Bankruptcy Records Georgia does affect the petitioner. The petitioner must include this factor in their report.
- Chapter 13 - seven years
- Chapter 7 - ten years.
Since it is mentioned in the credit report future creditors will know about it. However, that does not mean that it is over for the petitioner. They can recover and lead fulfilling lives.
Georgia Public Bankruptcy Records may be public but that does not mean people who file for bankruptcy cannot get credit again. People have filed for bankruptcy not only in Georgia but in other states as well. These people have managed to recover from it.
Why do people file for Bankruptcy?
Bankruptcy laws were created to safeguard people from unscrupulous creditors. When an individual files for bankruptcy, the court prevents the creditors from seizing the property of the defaulter. The purpose of the law is to protect people who are willing to pay the loan but are not able to. It does not protect willful defaulters. Bankruptcy is a federal law but that does not mean all states provide the same exceptions. It is up to the state to decide which properties are protected by the bankruptcy laws. Depending on the situation the petitioner can keep their house and car.
How to file for Bankruptcy?
Financial difficulties can affect anyone and prevent them from making payments. These people are more than willing to pay but are not able to. Such petitioners can file for bankruptcy. The hard part is choosing the right chapter. They can get help from a bankruptcy lawyer. There are plenty of lawyers who specialize in this field and they are more than willing to help with the process.
Recovering from Bankruptcy
Recovering from bankruptcy is not easy but is possible. Filing for bankruptcy is more common than many people think. People who have filed for bankruptcy have recovered from it. Petitioners have to follow a few steps to recover from filing bankruptcy. To do this they must improve their credit score. This is going to take time and effort. These people can start by ensuring that their bills are paid on time. Many agencies provide credit report on request. People can use these reports to monitor their progress.
How Do I View Bankruptcy Records in Georgia?
The public records in Georgia include Georgia Bankruptcy Public Records. Anyone can view them. The main problem faced by people is not knowing where to look. One of the sites that you can use is pacer.gov. You need only a user name and password to access this site. The registration process for this site is fairly simple. Once you have registered, you have access to all the public documents made available by the court.
Knowing details about the person and the court will help gain access to the records fast. However, that is not required. People need not know details about the court where the bankruptcy was filed. But they must know details about the person they are searching for.