Bankruptcy Information Archives | Jeff Kelly Law Offices

Bankruptcy Information

Credit Report

How long does Bankruptcy stay on your Credit Report?

Filing for bankruptcy can be both terrifying and liberating. Many people fear that negative information reported to the three credit bureaus will outweigh the immediate benefits of debt relief. Although bankruptcies may appear for up to 10 years on your credit report, it is possible to make significant steps to rebuild your credit in the …

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Debt Consolidation vs Bankruptcy

Debt Consolidation vs Bankruptcy

According to a recent report from WSAV NBC News in Savannah, the amount of credit card debt among U.S. consumers has now reached approximately $1 trillion. Data from CNBC goes further too also include debt stemming from mortgages, student loans, and vehicle loans, which roughly totals $13.15 trillion. This is the fifth year in a row that household debt has …

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Life After Bankruptcy

Life After Bankruptcy

According to data from the American Bankruptcy Institute for 2017, there were approximately 44,407 personal bankruptcies in Georgia.  If you recently had your debts discharged in Chapter 7 or completed a payback arrangement under Chapter 13, you may feel a sense of relieve. The challenge is how to manage financially after bankruptcy. Evidence of a bankruptcy will remain on your credit history for seven to ten …

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