Bankruptcy

/Bankruptcy

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

2019-07-18T15:59:32-04:00

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 Know2019-07-18T15:59:32-04:00

Filing Bankruptcy: A Simple Guide to How Bankruptcies Work

2019-07-10T11:12:32-04:00

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 Work2019-07-10T11:12:32-04:00

When is Filing for Personal Bankruptcy the Best Option?

2019-06-10T13:46:53-04:00

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?2019-06-10T13:46:53-04:00

How Much Does Bankruptcy Cost?

2019-06-10T11:46:26-04:00

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

2019-05-07T15:34:32-04:00

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?

2019-05-07T14:16:37-04:00

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

2019-02-19T13:44:53-04:00

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 Think2019-02-19T13:44:53-04:00

How Does Bankruptcy Work?

2019-02-18T15:30:51-04:00

While bankruptcy rates have dropped across the United States, indicating an improvement in the economy that is a welcome change for many consumers, some areas have benefitted more than others. Alabama, Tennessee, and Georgia remain the states with the highest bankruptcy rates. In fact, bankruptcy rates climbed slightly, even as they fell in other states. Continue reading as we answer the question "how does bankruptcy work?" Answering the Question: How Does Bankruptcy Work? Many people wonder "how does bankruptcy work." If you are struggling to keep up with your debts, bankruptcy may allow you to eliminate debt through the sale of [...]

How Does Bankruptcy Work?2019-02-18T15:30:51-04:00

​What are my Options Before and After Car Repossession?

2019-02-28T15:23:07-04:00

What to Do if You are Facing Car Repossession If you are behind on your car payments, in many cases, your lender can repossess your vehicle without giving you any type of notice. However, bankruptcy can help stop the repossession and can even help you get your car back if it has already been repossessed. Bankruptcy Automatic Stay As soon as you file for bankruptcy, an automatic stay goes into effect. This means that your creditors must stop all attempts to collect their debts from you. They can not call you, move forward with a lawsuit, sell, repossess, or foreclose on [...]

​What are my Options Before and After Car Repossession?2019-02-28T15:23:07-04:00

​What to Consider Before Filing Bankruptcy

2019-02-28T15:20:58-04:00

Important Points to Consider if You are Thinking About Filing Bankruptcy Bankruptcy can seem like you are pushing a button to reset your finances. If you are considering bankruptcy, you need to know that that fresh start comes with a set of liabilities and gifts. Here are 10 things to think about if you are considering filing bankruptcy. There are two main kinds of personal bankruptcy: Chapter 7 allows you to walk away from your debts entirely and is used by people whose debts are too high or income so low that they do not have money for a payment plan [...]

​What to Consider Before Filing Bankruptcy2019-02-28T15:20:58-04:00
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