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Galler Law Explains The Bankruptcy Process In Georgia

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Galler Law Explains The Bankruptcy Process In Georgia

February 29
08:12 2020
Galler Law Explains The Bankruptcy Process In Georgia
In a recent public service announcement, Galler Law – a bankruptcy and debt relief law firm – explained how the bankruptcy process works in Georgia.

Roswell, GA – February 29, 2020 – Galler Law, an Atlanta bankruptcy firm, recently explained the bankruptcy process in Georgia. Galler Law said that it made the announcement so that Georgia residents would know what to expect when filing for bankruptcy. The firm said that filing for bankruptcy is a big decision that should not be taken lightly.

Galler Law advised those with questions about bankruptcy to talk to an Atlanta bankruptcy attorney.

Galler Law stated that engaging in bankruptcy proceedings is a viable option once all other steps toward mitigation have been taken. Galler Law indicated that, as a result of the 2005 Bankruptcy Act, the bankruptcy filing process in Georgia requires the following considerations:

  • Credit Counseling
  • Georgia Means Test
  • Gathering of Documents to File


According to the Bankruptcy Act of 2005, all individuals filing for bankruptcy must complete credit counseling within six months before filing for bankruptcy, as well as a financial management instruction program after filing. Galler Law stated that these programs are more than just red tape: they can help Georgia residents take control of their finances. Galler Law advised Georgia residents with questions about the Bankruptcy Act of 2005 to contact an
Atlanta bankruptcy lawyer.

Galler Law announced that the next step in the Georgia bankruptcy filing process is the Georgia Means Test. According to Galler Law, this test analyzes an individual’s expenses and income to determine if qualification for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Galler Law explained how these two categories of bankruptcy work, as well as the pros and cons of each. According to Galler Law, Chapter 7 bankruptcy  (also known as “liquidation” or “straight” bankruptcy) allows debtors to eliminate most debts and start anew. Galler Law stated that the drawbacks of Chapter 7 bankruptcy include liquidation of assets and a lowered credit score. According to Galler Law, Chapter 13 bankruptcy allows individuals with a steady income to adjust their debts. Galler Law pointed out that an advantage of Chapter 13 bankruptcy is that debtors can keep assets, while a disadvantage is that total debt relief is not immediate.

Galler Law stated that the final step in the bankruptcy process is gathering documents to file. This process is begun once the Chapter of Bankruptcy Code has been determined. Galler Law announced that, in Georgia, necessary documents include income statements, listings of major financial transactions (over the past 2 years), monthly living expenses, debts, and property assets/possessions. Galler Law stressed the importance of having sufficient documentation of a negative financial situation.

About Galler Law

David Galler is an Atlanta native who has been providing debt relief to Georgia residents for over 30 years. Galler Law has successfully settled over 10,000 bankruptcy cases in Georgia. The firm boasts a discharge rate of 99% for Chapter 7 bankruptcy cases.

Media Contact
Company Name: Galler Law, LLC
Contact Person: David Galler
Email: Send Email
Phone: (770)671-8830
Address:875 Old Roswell Road B100
City: Roswell
State: GA
Country: United States
Website: gallerlaw.com