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Life After Bankruptcy: What to Expect After Filing Chapter 7

2020-01-07T12:43:06-05:00

Most people who have filed for bankruptcy experience an enormous sense of relief and hope once they realize they are no longer personally responsible for their mounting debts. With this relief, however, may come uncertainty about the future.  You now have a clean slate to move forward, or do you? Anyone examining your credit report will undoubtedly notice your bankruptcy filing. By handling your finances and purchases appropriately, you can not only rebuild your life but rebuild your credit as well. Here's what to know after filing chapter 7 and what to expect in life after bankruptcy. Budgeting is Crucial after [...]

Life After Bankruptcy: What to Expect After Filing Chapter 72020-01-07T12:43:06-05:00

Chapter 7 Income Limits and Bankruptcy Qualifications

2020-01-07T12:41:52-05:00

In June 2019, consumer debt in the United States grew by 4.3 percent to $4.1 trillion, breaking the previous month's record of $4.09 trillion. The majority of non-revolving American debt is linked to education and auto loans. During the same time period, credit card debt totaled $1.072 trillion and accounted for approximately 26 percent of all debt. What happens when a family who lives paycheck to paycheck experiences a job loss, a medical emergency, or the need or urgent vehicle repairs? If you are someone who could be sent into a downward financial spiral by just one of these situations, you [...]

Chapter 7 Income Limits and Bankruptcy Qualifications2020-01-07T12:41:52-05:00

How to Stop Foreclosure on Your Home

2019-11-18T17:13:04-05:00

Perhaps you had a medical emergency or unexpected medicals bills and healthcare costs. Maybe your spouse lost their job, or you had a string of bad luck. For whatever reason, you are struggling to make your mortgage payments. The home you once dreamed of owning could be in jeopardy of not being yours any more thanks to a legal process known as foreclosure. Below we outline tips on how to stop foreclosure on your home and what you do to prevent it. Tips on How to Stop Foreclosure Even though it may seem that there are no options other than to [...]

How to Stop Foreclosure on Your Home2019-11-18T17:13:04-05:00

5 Benefits of Working with a Bankruptcy Lawyer

2019-10-16T14:43:30-04:00

People who are considering bankruptcy are generally trying to hold on to as much money as possible. When you are dealing with overwhelming financial problems, the last thing you probably want to do is pay costly lawyer fees to help with your bankruptcy case. While you always have the right to file on your own and without legal representation, there are numerous benefits to hiring a bankruptcy lawyer. In addition, many bankruptcy lawyers do not charge extravagant hourly fees, and you should be well-aware of their fees before you ever sign an agreement. Benefits of Working with a Bankruptcy Lawyer In [...]

5 Benefits of Working with a Bankruptcy Lawyer2019-10-16T14:43:30-04:00

Chapter 7 Bankruptcy: What to Expect After Filing 

2019-10-16T14:43:23-04:00

Chapter 7 bankruptcy is the most common type of bankruptcy filed in the United States. However, many people who file bankruptcy petitions under Chapter 7 are not familiar with the legal process and have little to no idea what to expect. It is important to understand the Chapter 7 process - the good and the potentially bad - so there are no unexpected delays or complications in your case. Before you file, you should always learn about the process from an Atlanta bankruptcy lawyer at Cornwall Law Firm. The Automatic Stay After you file your petition, you will experience an immediate [...]

Chapter 7 Bankruptcy: What to Expect After Filing 2019-10-16T14:43:23-04:00

Is Chapter 13 Right for You?

2019-10-16T14:43:13-04:00

Chapter 13 bankruptcy requires you to make payments to the court for three to five years prior to the discharge of your debts. On the other hand, Chapter 7 cases can result in a discharge in a matter of months without requiring any payments at all. For this reason, most people assume that Chapter 7 is the preferable option and, in fact, Chapter 7 is by far the most common type of consumer bankruptcy. However, this does not mean that Chapter 7 is always the best choice for everyone experiencing financial problems. Why Chapter 13 Bankruptcy Might be Right for You [...]

Is Chapter 13 Right for You?2019-10-16T14:43:13-04:00

Types of Bankruptcies: Which is Right for You?

2019-08-15T09:26:41-04:00

Common Types of Bankruptcies in Georgia In 2019, just over 2,000 bankruptcies have been filed each month in Georgia. This number does not include debtors who reopened bankruptcy cases. Although bankruptcy is a relatively common occurrence, it can be terrifying when you feel your own debts piling up and realize that you may join the ranks of those filing for bankruptcy. If, after consulting with an experienced attorney, you determine that bankruptcy is your best option, you will have some decisions to make. Continue reading to learn more about the most common types of bankruptcies and which is right for your [...]

Types of Bankruptcies: Which is Right for You?2019-08-15T09:26:41-04:00

Choosing an Atlanta Bankruptcy Attorney

2020-02-20T13:18:09-05:00

Navigating Bankruptcy in Atlanta When bills begin to pile up and you find yourself unable to keep up with payments or even dodging calls from debt collectors, you may decide that it is time to look into bankruptcy. As you begin the bankruptcy process, you will have questions, concerns, and lots of paperwork to complete. Debt relief is just around the corner, but first, you will need to choose a bankruptcy chapter, assemble documentation of your finances, appear in court, and, if filing a Chapter 13, create a repayment plan. Your creditors will have the opportunity to object to your Chapter [...]

Choosing an Atlanta Bankruptcy Attorney2020-02-20T13:18:09-05:00

Chapter 7 vs Chapter 13 Bankruptcy: What You Need to Know

2020-01-07T12:36:35-05:00

Crushing debt and the feeling of being unable to pay your bills can lead you to look for a way to reduce or eliminate your debt. All bankruptcy cases are handled by federal courts, though states have some control over portions of the process. This can make the process of filing for bankruptcy seem just as insurmountable as your pile of bills. Understanding the aspects of Chapter 7 vs Chapter 13 is critical for your success in the bankruptcy process. As you begin researching your bankruptcy options, you will see that you may have multiple options. As an individual, you can [...]

Chapter 7 vs Chapter 13 Bankruptcy: What You Need to Know2020-01-07T12:36:35-05:00

Filing Bankruptcy: A Simple Guide to How Bankruptcies Work

2020-01-07T12:38:22-05:00

Bankruptcy is primarily controlled by federal law, with all bankruptcy cases heard in a federal court. However, each state does have its own rules and procedures. Below we will outline steps to filing bankruptcy as well as how bankruptcies work in Georgia. Bankruptcy Options in Georgia Understanding how bankruptcies work can be very complex. If you cannot keep up with your bills and believe that bankruptcy is your best option, you still have decisions to make. The primary decision to make is which form of bankruptcy to file. Chapter 7 and Chapter 13 bankruptcies are most common for consumers. An experienced [...]

Filing Bankruptcy: A Simple Guide to How Bankruptcies Work2020-01-07T12:38:22-05:00
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