Bankruptcy Information Archives | Jeff Kelly Law Offices

Bankruptcy Information

Types of Bankruptcy

Types of Bankruptcy

Car loans, mortgages, student loans, as well as other loans and expenses that you have, may make it difficult to afford necessities for a decent quality of life. Bankruptcy can be a frightening concept, but knowing what options are out there can help bring peace of mind and long-term financial success. There are many different types …

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Student Loans in Chapter 13

Student Loans in Chapter 13 Bankruptcy

Today, student loans are one of the most crippling debts that college graduates have accrued. Often, it’s not the amount of the original loan that causes difficulty with repayment but the punishing interest rate on the loan combined with stagnant wages. Recent reports show that it’s not just students who face student loan difficulties. Parents …

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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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Do You Have Too Much Money and Too Many Non-Exempt Assets to File Bankruptcy?

Contrary to popular myth, bankruptcy debtors do not automatically lose their non-exempt assets, even in Chapter 7 liquidations. The trustee (a court-appointed bureaucrat who oversees the case on behalf of the judge) is under no duty to perform such random seizures. Instead, the bankruptcy trustee must examine non-exempt assets and determine if it is worthwhile …

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