Bankruptcy

Protecting Properties From Creditors After Bankruptcy Legally speaking, what are the properties that can be kept after bankruptcy? Upon declaration of and qualification for bankruptcy, the first thing that comes to mind is how to save specific properties such as house, vehicles, retirement account, life pensions or annuities, and other personal items as well. This is the reason why most individuals who intend to declare bankruptcy would rather put the declaration on hold for the time being. However, putting off bankruptcy for a considerable length of time may result to creditors acquiring judgments against your properties which may result to levies [...]

Bankruptcy: Can it provide freedom? In today's economy, finances are closely monitored in the family household. From budgeting for food, entertainment, car payments or other financial responsibilities it can get a little overwhelming. Now trying to manage that along with the everyday needs of caring for children, spouses and even pets might raise your blood pressure level a little. Anxiety, as defined by Merriam-Webster, is fear or nervousness about what might happen. Let's take a few unexpected things that could happen: Injury to family or pet Death of a loved one Loss of job or income All of these would qualify [...]

Bankruptcy Facts vs. Fiction/ Bankruptcy Myths Busted The most common bankruptcy myths are broken down by Attorney Keith Cornwell. Included in these are those debt tall tales that create such fear among those individuals applying for bankruptcy. Myth: It is TOO LATE to file for bankruptcy if a creditor has SUED you. Truth: Bankruptcy will put an immediate STOP to a foreclosure, lawsuit, levy and/or wage attachment, and a sheriff sale. The Automatic Stay of the Bankruptcy Code, under section 362, is a very powerful provision. All of a debtor's creditors are directed to cease all collection activities, by this Section [...]

Protecting Real Estate When Filing For Bankruptcy Our law firm knows that when a person is considering bankruptcy, one of the main concerns is real estate. Our experienced Duluth bankruptcy attorney can help you navigate through what can happen to your properties in the event you file for bankruptcy. We can provide information and help for all types of properties, including homes, commercial and even investment properties. If you are going to file for bankruptcy and own real estate, then contact us first. Chapter 7 And 13 And Real Estate One of the first questions you probably have when filing chapter [...]

Planning for Bankruptcy in Lawrenceville and all of Gwinnett County Many people are at a disadvantage because they wait too long to get counsel to find out about their legal rights. You should consult with a professional as soon as you discover that you have a debt problem that you will not be able to resolve on your own. You will not have to deal with the increased stress that comes along with having a debt problem that you cannot control if you consult with Cornwell Law Firm. You will also be in the best position when it is time for [...]