What to Know About Chapter 13 Bankruptcy

2021-11-30T14:18:04-05:00

Many people encounter financial problems at some point in their lives, and for those with a regular income whose debts have become too much, one option for financial recovery is through the use of Chapter 13 bankruptcy. There are important differences between Chapter 13 and other types of bankruptcy, and the experienced bankruptcy lawyers at the Cornwell Law Firm are here to help you understand your legal options. To learn more, call or contact our office today to schedule a consultation. Who Qualifies for Chapter 13? Only certain people qualify for Chapter 13 bankruptcy. In order to utilize this form of [...]

What to Know About Chapter 13 Bankruptcy2021-11-30T14:18:04-05:00

What is an Automatic Stay?

2021-09-22T11:59:27-04:00

For people overwhelmed with debt, filing for bankruptcy may be the best option. There are many benefits to filing for bankruptcy, and one of these advantages is the application of an automatic stay by the court during bankruptcy proceedings. At the Cornwell Law Firm, our experienced bankruptcy attorneys are here to help you through the process and answer your questions every step of the way. To learn more, call or contact our office today to schedule a consultation. How Does an Automatic Stay Work? An automatic stay is an order issued by the bankruptcy court that prevents creditors from continuing collection [...]

What is an Automatic Stay?2021-09-22T11:59:27-04:00

What is the Quickest Way to Recover from Bankruptcy?

2021-08-05T18:35:58-04:00

Life after bankruptcy is not easy. You have a fresh start, but you also have a lot of repair work to do with your credit, which has most likely taken a huge hit during the process. The good news here is that there are ways to bounce back after bankruptcy. While filing bankruptcy clears you of any obligation to pay past debts, it also leaves a mark that will be on your credit report for up to ten years.  You can recover and start working on rebuilding your credit immediately after your bankruptcy is discharged and get back on track so [...]

What is the Quickest Way to Recover from Bankruptcy?2021-08-05T18:35:58-04:00

Common Misconceptions About Filing Bankruptcy

2020-07-01T11:58:58-04:00

Filing bankruptcy is a relatively common -- and complex -- practice. In fact, according to the U.S. Courts website, nearly 13 million consumer bankruptcy cases were filed during a 12-year period spanning 2005 through 2017. Sixty-eight percent -- which is equivalent to 8.7 million -- of these were for Chapter 7 bankruptcy while 32 percent -- or 4.1 million -- were petitions for Chapter 13 bankruptcy. Nearly all of these filings were for consumer debt. 5 Bankruptcy Misconceptions Individuals Should Know Not surprisingly, there are a number of bankruptcy myths swirling around. These can make the process even more confusing than [...]

Common Misconceptions About Filing Bankruptcy2020-07-01T11:58:58-04:00

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

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

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

How Child Support and Chapter 13 Bankruptcy are Connected

2020-01-07T12:34:43-05:00

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

What is the Automatic Stay Option in Bankruptcy?

2019-02-28T15:16:41-05:00

Understanding the Automatic Stay Option When medical bills, credit card debts, and other financial burdens have become overwhelming, you may be considering bankruptcy. If you are afraid that filing bankruptcy will mean that you lose your car, home, or other property, you’ll be happy to learn that there are numerous protections in place for consumers who file for bankruptcy. One of which is the automatic stay option. Consumer Protection in Bankruptcy Georgia law allows consumers filing for bankruptcy to claim exemptions for certain property, but this may not be enough to protect all of your property. Thankfully, federal law grants those [...]

What is the Automatic Stay Option in Bankruptcy?2019-02-28T15:16:41-05:00

Debts you cannot discharge

2018-05-07T15:29:20-04:00

Debts You Cannot Discharge When you find yourself totally overwhelmed by your debts, bankruptcy offers you a "fresh start". There are numerous reasons that people turn to bankruptcy, things like a serious illness, loss of a job, and so many other things one has no control over. Of course, there are times that irresponsibility or horrible decisions can be behind the filing of bankruptcy. The law does it's best to balance the scale between the interest of the creditors involved and the need for a fresh start. The fact is however that so many people do not understand that all types [...]

Debts you cannot discharge2018-05-07T15:29:20-04:00
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