It isn’t difficult to file for bankruptcy and be accepted by the courts. But there are certain requirements that have been put in place to help people ensure they don’t land up with the same kinds of problems again. For this reason, it isn’t permissible to file for Georgia bankruptcy unless you…Read More.
Anyone who is unable to pay back the debts they have incurred can file for bankruptcy. But because some people are literally more bankrupt than others (owing more money), there are legal checks that determine which form of bankruptcy is allowed. This is to prevent people who have the means to pay…Read More.
Filing bankruptcy in Georgia is similar to filing bankruptcy in most other American states, but not exactly the same. While the federal Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), also known as the New Bankruptcy Law, applies to everyone in the US, there is also state-specific legislation that only…Read More.
Anyone who has been deep in debt and then opted for bankruptcy will know how traumatic the process can be. But with the right legal advice from an Atlanta bankruptcy attorney, you can take a deep breath, relax, and carry on with your life. It really isn’t difficult to survive bankruptcy; after…Read More.
While bankruptcy does enable you to get rid of most if not all of your debts, the fact that you filed for bankruptcy will remain on your credit record for a specified period of time, depending which type of bankruptcy you choose. In essence, a Chapter 7 bankruptcy will be deleted from…Read More.
Most people are aware when their finances have degraded past the proverbial point of no return. In situations like this they may be tempted to run up the balances on any credit they have available right before making the decision to file bankruptcy. However common this idea might be, it’s important to…Read More.
You owe more than you earn and you can’t see any way that you’re going to be able to pay your debts. You are overwhelmed by the financial situation you find yourself in but don’t know what to do about it. Essentially you know you’re “bankrupt,” but should you file for bankruptcy…Read More.
Bankruptcy is a traumatic experience for anyone, but knowing your rights can make it just a little bit easier. For instance there are exemptions that each state has that will protect the value of some of your belongings, including your house, care and certain retirement accounts. So if you live in Georgia,…Read More.
A growing number of bankruptcy trustees collecting money for creditors in personal bankruptcy lawsuits are reclaiming college tuition fees years after the money was paid. Court-appointed trustees generally have the power to recover money from “improper” transfers and payments that were made up to six years before a person filed for bankruptcy.…Read More.
In our last post we covered the Chapter 7 bankruptcy timeline, and what you could expect. However, each bankruptcy case is different. In your case a Chapter 13 bankruptcy may be the best for you. Chapter 13 bankruptcy is ideal for those that want to retain assets, and make enough income to…Read More.