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What to expect when going to court for a Chapter 7 bankruptcy

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It is natural for people to worry about what to expect when they go to court for their Chapter 7 bankruptcy’s “341 Meeting,” also known as the “Meeting of Creditors.” Concerns about a creditor or the Trustee being angry with…

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What is Strategic Bankruptcy?

What is Strategic Bankruptcy?

When many people hear the word bankruptcy, the first thing they think of is fear and despair. While the aftermath of bankruptcy will result in a period of change, it doesn’t have to be synonymous with fear. Filing for bankruptcy…

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Mediterranean Mayhem: Understanding The Greek Debt Crisis

Mediterranean Mayhem: Understanding The Greek Crisis

International finance may be Greek to you, but national bankruptcies are surprisingly similar to personal ones. To understand the current financial crisis in Greece, it helps to think of the Greek nation as an individual caught in a cycle of…

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Limelight Liquidation: 5 Shocking Celebrity Bankruptcies

Limelight Liquidation: 5 Shocking Celebrity Bankruptcies

From commercials to movie cameos to the many perks of fame, celebrities have no shortage of opportunities to make and keep money, yet many manage to go broke anyway. Dozens of stars have fallen from riches to rags in recent…

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Read This: Bankruptcy Glossary

Bankruptcy Glossary

Even the most responsible borrowers can’t always repay their debts, so if you plan to start a business or obtain a mortgage, make sure to have an exit strategy. Bankruptcy can provide a way out of unmanageable debts. The terms…

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Chapter 11 Is a Great Option for Small Businesses That Are Looking To Reorganize Business Assets

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Small businesses often struggle with finances, sometimes to the point that they must seek relief through bankruptcy. While there are three choices (Chapter 7, Chapter 13 and Chapter 11) a business owner may be able to take to find financial…

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What Happens to My Mortgage After Bankruptcy?

Owning a home is a great achievement. Unfortunately, all of the hard work you have put into paying your mortgage may be at risk if you decide to file for bankruptcy in Georgia. What will happen to your mortgage after…

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Why You Should Refrain from Withdrawing from Your 401K During a Hardship

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We all face financial hardship at some point in our lives. One very common remedy sought out by those dealing with unexpected circumstances like a personal injury, work-related injury or medical bills is to borrow against their retirement. While reaching…

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Student Loans and Claiming Bankruptcy

Filing for student loan bankruptcy with Morgan & Morgan Attorneys at Law P.C.

Student Loans are far and away the most difficult form of debt to erase. Bankruptcy filing is typically not an option for student debt unless debtors can clearly prove through a series of tests that:

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The Proper Steps To Obtaining a Mortgage After Bankruptcy

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Filing for bankruptcy is not the end of the world. Rather, it is the spark of a new beginning where you can rewrite your financial goals, erase large amounts of your debt and start afresh. It should be understood, however,…

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