Credit Counseling with a Bankruptcy Attorney


One portion of the bankruptcy process is education, in the form of credit counseling, which is intended to help reduce bankruptcy filings. This occurs before you file for bankruptcy by ensuring that you know your options for dealing with debt. After you file for bankruptcy, the education continues in an effort to help you learn to manage your money in a way that allows you to meet your financial obligations and stay out of bankruptcy court. Federal law requires that people filing bankruptcy first undergo credit counseling. This counseling must occur 180 days or less before filing for bankruptcy. In order [...]

Credit Counseling with a Bankruptcy Attorney2019-07-18T16:04:50-04:00

When is Filing for Personal Bankruptcy the Best Option?


Is Filing Personal Bankruptcy Right for You? The average Georgian carries over $7,000 in credit card debt, in addition to student loans, car loans, and mortgages. Debt, coupled with rising costs of living, can quickly become overwhelming and late or missed payments can begin to pile up. When calls from creditors begin, you may believe that bankruptcy is your only option, but how do you know when filing personal bankruptcy is the right choice for you? Debts Not Removed by Personal Bankruptcy There are two primary forms of bankruptcy used by individuals, Chapter 7 and Chapter 13. It is important to [...]

When is Filing for Personal Bankruptcy the Best Option?2020-08-04T13:52:09-04:00

What Everyone Should Know About a Chapter 13 Repayment Plan


Unlike a Chapter 7 bankruptcy, in which your property is sold to pay a portion of your debt, Chapter 13 bankruptcy works to prioritize, or reorganize, your debts and assists you in paying off as much as possible over a set time period. As part of your filing for Chapter 13 bankruptcy, you are responsible for creating and submitting a repayment plan that meets all of the requirements laid out by the law. Although the plan will vary from person to person, there are some basics required of the plan that do not change, including how various kinds of debt must [...]

What Everyone Should Know About a Chapter 13 Repayment Plan2020-01-07T12:40:49-05:00

How Much Does Bankruptcy Cost?


How Much Will Bankruptcy Cost You? If you are currently overwhelmed by debts and other financial obligations, you may be considering bankruptcy. This makes sense since the intent of bankruptcy is to help you take care of your debts and other financial obligations while getting back on your feet financially. However, there is a cost to bankruptcy. Not only will you have to pay attorney fees, but there are other expenses, as well. Continue reading as we answer the complicated question "how much does bankruptcy cost?". Chapter 7 Bankruptcy Costs Once you decide to pursue Chapter 7 bankruptcy, your path to [...]

How Much Does Bankruptcy Cost?2019-06-10T11:46:26-04:00

Debt Consolidation Loans and Debt Stress


The vast majority of Americans carry some level of debt. When financial pressures are high, you may be searching for relief options. Due to the stigma attached to bankruptcy, a debt consolidation loan is a tempting alternative. Debt consolidation loans combine your existing debts into one payment, making it a bit easier to manage your payment and reducing your interest rate. Debt Consolidation Options There are two kinds of debt consolidation loans. One requires the use of your home as collateral. This option can put your home at risk. However, if you eventually need to file for Chapter 7 bankruptcy, this [...]

Debt Consolidation Loans and Debt Stress2019-06-10T11:31:42-04:00

How Long Does Bankruptcy Stay On Your Credit Report?


Ever Wondered How Long Does Bankruptcy Stay on Your Credit Report? Georgia ranked among the five lowest average credit scores in the United States. With the average score just 654, compared to a national average of 700, Georgians have more than a little room for improvement in credit scores. Sometimes, debts become overwhelming and bankruptcy seems the only option, but many fear that it will irreparably damage their credit score. However, this is not entirely true. If you are wondering how long does bankruptcy stay on your credit report, we've got answers. Credit Score Impact It is true that filing for [...]

How Long Does Bankruptcy Stay On Your Credit Report?2020-06-03T22:55:15-04:00

How Child Support and Chapter 13 Bankruptcy are Connected


The Basics of Child Support and Chapter 13 Bankruptcy If you are considering bankruptcy, you are likely struggling to meet your financial obligations. When your financial troubles include child support or alimony on top of mounting bills and debts, you may feel stressed and overwhelmed. Simply not paying child support can land you in legal trouble, so it is not the best option. Bankruptcy can seem like the answer to your financial problems, but you should be certain that you know exactly what you will and will not achieve by filing bankruptcy before you proceed. Continue reading to learn about child [...]

How Child Support and Chapter 13 Bankruptcy are Connected2020-01-07T12:34:43-05:00

Debt Relief Programs That Will Help You


The Benefits of Debt Relief Programs Debt relief can have a dramatic impact on your debt, allowing you to get back on your feet more quickly. However, it is not a magic wand. Debt relief programs are not the right financial solution for everyone, which means you need to understand the consequences before diving in. Debt relief programs could come in the form of a bankruptcy, changing your interest rate to lower your payments, or asking creditors to accept a partial settlement instead of the full amount you owe. All of these options can have an effect on your credit. When [...]

Debt Relief Programs That Will Help You2019-05-07T15:34:32-04:00

Why Filing Chapter 7 Bankruptcy can be Positive


The Benefits of Filing Chapter 7 Bankruptcy You have probably heard plenty of negative things about bankruptcy. Depending on where you have gotten your information, you may have heard that it will ruin your credit forever, that you may not be able to find a good job afterward, or even that your bankruptcy will show up on a background check. While some of these claims are loosely based on facts, the truth is that when it comes to bankruptcy, people tend to overemphasize the negative. In reality, the process of bankruptcy has some truly positive aspects. Below we will discuss some [...]

Why Filing Chapter 7 Bankruptcy can be Positive2019-05-07T15:15:25-04:00

Why Filing Chapter 13 Bankruptcy can be Positive


The Benefits of Filing Chapter 13 Bankruptcy When you think of bankruptcy, you may associate it with a variety of negative things, but filing Chapter 13 bankruptcy can actually be a very positive way to handle your financial struggles. It is a payment plan that lasts for three to five years, and that can be intimidating for some people. However, there are many advantages to filing Chapter 13 bankruptcy. Pay What You Can Afford   Chapter 13 bankruptcy will take all of your debts and roll them into one payment that your bankruptcy trustee will use to pay all of your [...]

Why Filing Chapter 13 Bankruptcy can be Positive2019-05-07T15:02:30-04:00
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