When you begin to consider bankruptcy as a way to get yourself out of overwhelming and mounting debt, you may wonder if you need the help of a bankruptcy attorney. The short answer is that in Georgia, you do not have to get help from a legal professional to file for bankruptcy. However, you still …
Whether you file for Chapter 7 or Chapter 13 bankruptcy in Georgia, you can expect your credit to take a hit. Although most people who file for bankruptcy understand this, they may find it difficult to figure out how to gradually improve their credit. The good news is that bankruptcy filers have many ways that …
As part of the decision to file for bankruptcy under Chapter 13, individuals should always learn as much as they can about what the process will mean for them weekly, monthly, and annually. This includes understanding how Chapter 13 bankruptcy affects taxes, tax refunds, and tax returns. After all, every U.S. citizen is required to …
Filing bankruptcy is a major decision that should never be taken lightly. While filing chapter 7 or chapter 13 bankruptcy can help you move past otherwise insurmountable debt, it will also have a significant impact on your life and financial situation for years afterward. One specific question that a lot of people have is whether …
Do you feel as if your debt keeps mounting no matter what you do? Are debt collectors calling, demanding payments for your outstanding bills? If your finances keep taking a downward slide and you cannot see any way out, you may want to contact a bankruptcy attorney to discuss your options. Although it is not …
There are many advantages to filing Chapter 7 Bankruptcy. It allows debtors the opportunity to get back on their feet again and offers a fresh start after the three to four-month process of discharging your unsecured debts. However, not everyone is eligible to file for Chapter 7. There is an income limitation that prevents high-income …
Unchecked and unpaid debt can lead to all sorts of stress and problems. If you get behind on your payments, it can put you in a hole that you can’t get out of, at which point you may consider filing for bankruptcy. Chapter 7 bankruptcy is a process that can help you erase your debt. …
Chapter 13 bankruptcy offers debtors the chance to get their financial affairs in order while they repay some or all of their debts over a three or five year period. However, due to the requirements of Chapter 13, not everyone is eligible for this type of plan. Here are the requirements that you must meet …
Chapter 7 bankruptcy gives debtors a fresh start and the process is fairly short. It can take as few as 3-4 months to complete a Chapter 7 bankruptcy. Once you complete the process, your debts are discharged and you are free to move on with your life, including taking on new loans. If you are …
When Can I Buy a Car After Filing for Chapter 7 Bankruptcy? Read More »
Entering into a Chapter 13 bankruptcy repayment plan is an excellent way to restructure your debt and add order to your life while you are getting back on your feet. During your repayment plan, you will make monthly payments to your creditors for a period of 36 to 60 months (3 to 5 years). Since …