This form is an application to pay the filing fee in installments. The form also contains an order approving payment of the filing fee in installments. The order must be signed by the presiding bankruptcy judge. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
Georgia Application and Order to Pay Filing Fee in Installments - Form 3 - Post 2005
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How to fill out Application And Order To Pay Filing Fee In Installments - Form 3 - Post 2005?
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Fill out the required information about your business entity (listed above). Pay the $100 filing fee by approved credit card: Visa, MasterCard, American Express, or Discover.
Usually, most Chapter 7 bankruptcy cases in Georgia are closed and discharged within 4 to 6 months, which means that your unsecured debt can be liquidated in a few months and you can begin to live your life debt free.
The undeniable upside to filing for Chapter 7 bankruptcy is the debt relief it provides. It has the power to lift a major burden off your shoulders in just a few months. Most unsecured debt can be discharged, including credit cards, medical bills, and personal loans.
A Chapter 7 bankruptcy in Georgia typically costs $1,500 plus the filing fee of $335. Sometimes the cost may be higher depending on the complexity of the case or sometimes it could be lower depending if it's a very straightforward and simple case.
Exemptions During a Chapter 7 Bankruptcy in Georgia When you file for Chapter 7 bankruptcy, the state of Georgia allows a $5,000 car exemption. This means that if you have less than $5,000 of equity in your car, you will be able to keep it. In addition, Georgia allows a wild card exemption of up to $5,000.
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.