What to Know About Chapter 13 Bankruptcy


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?


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

How a Bankruptcy Attorney Can Stop Your Car Repossession


Times have been hard for many people over the last year and a half, and when all of the bills cannot be paid, one of the most common loans that fall delinquent is the auto loan. Even a single missed payment on a car loan can result in repossession, but with the help of an experienced Georgia bankruptcy attorney, a vehicle owner can halt the repossession process. At the Cornwell Law Firm, our knowledgeable bankruptcy attorneys have helped many clients around the Duluth area avoid repossession of their vehicles. To learn more, call or contact our office today to schedule a [...]

How a Bankruptcy Attorney Can Stop Your Car Repossession2021-08-11T11:47:19-04:00

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


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


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 Work2020-08-04T13:52:50-04:00

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

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 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

What is Alternative Debt Resolution?


When you are considering bankruptcy, you may come across the term ‘Alternative Debt Resolution.’ Do you know what that means? Alternative debt resolution is when an outside, impartial person attempts to help resolve your debt with your creditors for you. This can happen in a variety of ways, and it is an option for some people, but may not work for everyone. Steps to Successful Alternative Debt Resolution Liquidate Assets This is not an option that many people want to consider because it means losing property. However, it can be of great assistance and may not hurt as much as you [...]

What is Alternative Debt Resolution?2019-05-07T14:16:37-04:00

Why a Bankruptcy Attorney is More Affordable Than You Think


Why a Bankruptcy Attorney Can Help Save You Money The number of people filing for bankruptcy has reached its lowest point since 2007. However, experts believe this has more to do with factors other than an increased ability to pay off debts, though a stronger economy is likely still a factor. One key reason for the decrease in bankruptcy filings could be that consumers simply believe they can not afford to pay the legal fees they would incur if they filed. If you are facing bankruptcy, paying an attorney for assistance may seem impossible, given your difficult financial situation. However, a [...]

Why a Bankruptcy Attorney is More Affordable Than You Think2019-02-19T13:44:53-05:00
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