Ch 13 Archives | Jeff Kelly Law Offices

Ch 13

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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Car Loan

Getting Out of a Car Loan

According to Experian, roughly 20% of current auto loans are considered to be subprime. These loans are geared for those with poor credit and have high interest rates. The best course of action for handling an existing auto loan as you approach bankruptcy requires that you and your attorney evaluate your specific circumstances. Assuming that you require a vehicle …

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Financial Troubles? When to File Bankruptcy

Bankruptcy filing rates are down overall, but four Georgia counties are among the top ten in the nation in terms of consumer bankruptcy filings. With 1,096 bankruptcy filings per 100,000 people, Clayton County (Jonesboro) is second only to Shelby County in Tennessee. The recession hit folks in Clayton County hard, as unemployment peaked at 13.5 …

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The Tide Has Turned Against Collectors in Bankruptcy

“A deluge has swept through U.S. bankruptcy courts of late.  Consumer debt buyers – armed with hundreds of delinquent accounts purchased from creditors – are filing proofs of claim on debts deemed unenforceable under state statutes of limitations,” writes Judge Richard Goldberg in Crawford v. LVNV Funding LLC, et al (11th Circuit 7/10/14). For years, …

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