Bankruptcy is traumatic no matter what the circumstances are. But when you have a situation that combines unpaid taxes with bankruptcy, it can be utterly overwhelming. IRS-related fines, tax debts, and various liens combined with interest, penalties, and all the other fees that add up can be devastating not only to your…Read More.
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.
Having made the decision to file bankruptcy, most people have more questions than answers. Is it best to opt for a Chapter 7 or a Chapter 13? Is there anything that could stop me filing? Will I lose my house and my car if I opt for Georgia bankruptcy? Who can help…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.
Any homeowner who is heavily in debt and can’t see a way out may be forgiven for having a panic attack, especially when the family home is at risk. It’s a double whammy when, in addition to all your other debts, you’ve been late on your mortgage and your lender is threatening…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.