Best Bankruptcy Lawyers in Tbilisi

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Eristavi Law Group

Eristavi Law Group

Tbilisi, Georgia

Founded in 2009
7 people in their team
Eristavi Law Group is premier legal service provider company on Georgian market that offers comprehensive range of legal services and solutions for...
English
Russian
Georgian
Abashidze & Partners

Abashidze & Partners

Tbilisi, Georgia

Founded in 2013
4 people in their team
Established in 2013, Abashidze & Partners is a full-scale business law firm practicing in Tbilisi, Georgia. Law firm specializes in business law...
Georgian
English
Russian
Conse Law Firm

Conse Law Firm

Tbilisi, Georgia

Founded in 2019
6 people in their team
Conse Law Firm provides legal services to domestic and international clients, ranging from complex legal transactions to regular legal...
English
Russian
Georgian
Legal Rights Georgia

Legal Rights Georgia

Tbilisi, Georgia

Founded in 3
15 people in their team
Lawyer’s office “Legal Rights Georgia” serves with success in Georgian and international law space. The professional team will help you...
Georgian
English
Russian
eLaw

eLaw

Tbilisi, Georgia

Free Consultation: 30 mins


Founded in 2021
5 people in their team
eLaw GeorgiaeLaw is the best law firm with top lawyers with many years of practice in business law. The field of activity of attorneys includes the...
English
Russian
Georgian
Italian
Legal Unit Georgia

Legal Unit Georgia

Tbilisi, Georgia

Founded in 2021
6 people in their team
LLC Legal Unit Georgia is a law firm providing legal services in criminal, civil, tax, and international law in Georgia.The firm provides...
English
Russian
Georgian
Tbilisi Law

Tbilisi Law

Tbilisi, Georgia

Founded in 2021
11 people in their team
The law firm "Tbilisi Law" is founded by experienced and professional lawyers who legally secure your business activities. We are a responsible,...
English
Italian
Russian
Georgian
ILC - International Law Center

ILC - International Law Center

Tbilisi, Georgia

Founded in 2020
10 people in their team
ILC – International Law Center is a law firm founded in Georgia, which offers customers qualified services in any field of law. Our team combines...
English
Georgian

About Bankruptcy Law in Tbilisi, Georgia:

The bankruptcy law in Tbilisi, Georgia applies to both individuals and businesses hobbling under unsustainable debts. The law allows debtors to create plans to repay creditors over a period of time or liquidate their assets to pay off the owes. Once the debtor files for bankruptcy, an automatic stay is initiated, preventing creditors from pursuing further collection activities.

Why You May Need a Lawyer:

A lawyer can be crucial in guiding you through the complexities of the bankruptcy procedure. They will help you to understand which type of bankruptcy is most appropriate for your scenario, whether Chapter 7 (liquidation) or Chapter 13 (reorganization). Lawyers can also advise on the potential drawbacks of filing and help you to make informed decisions. In addition, they can navigate through the negotiations with creditors and represent you in court proceedings. Lastly, bankruptcy laws are subject to change and having a lawyer ensures you are updated with the latest changes.

Local Laws Overview:

In Tbilisi, Georgia, bankruptcy laws require that you receive credit counseling from a government-approved organization within six months before you file for any bankruptcy relief. Additionally, the law exempts certain property from the bankruptcy estate, enabling the debtor to keep essential items such as essential household furnishings, clothing, pensions, benefits, etc. Furthermore, Tbilisi laws set regulations for a bankruptcy trustee, an appointed person who oversees the bankruptcy process and manages the debtor’s property.

Frequently Asked Questions:

Can all debts be eliminated through bankruptcy?

No, not all debts can be discharged in bankruptcy. Non-dischargeable debts include alimony, child support, debts for most government funded or guaranteed educational loans or benefit overpayments, etc.

Can a creditor object to the bankruptcy filing?

Yes, a creditor can object to the bankruptcy filing if they can prove that the debtor filed the bankruptcy fraudulently or that the particular debt involves fraud.

Do all the debtor's assets get sold in Chapter 7 bankruptcy?

No, not all assets of the debtor are sold in bankruptcy. The law provides a list of exempted property which the debtor can keep. This often includes a certain amount of equity in the debtor's home, motor vehicle, household goods, etc.

Can you keep any credit cards after filing for bankruptcy?

Generally, all credit cards of the person filing for bankruptcy are cancelled. Whether a particular card can be retained largely depends on the conditions set by the credit card company.

How long does a bankruptcy stay on your credit report?

In general, a bankruptcy can stay on your credit report for up to 10 years.

Additional Resources:

The National Agency of Public Registry (NAPR) is a government organization that deals with bankruptcy filings and could be a valuable resource. Insolvency Service of Georgia provides guidance on how to apply for bankruptcy and useful information regarding the process. Associations such as the Tbilisi Bar Association may also provide assistance in finding a suitable bankruptcy lawyer.

Next Steps:

If you need legal assistance with bankruptcy, the first step is to research and hire a reliable local bankruptcy lawyer who practices in Tbilisi, Georgia. You may want to begin the process by arranging a consultation to discuss your financial situation and to learn about your options.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.