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How to File Bankruptcy in Georgia
Unlike most other civil actions, consumer bankruptcy almost always starts with a voluntary petition. The V-word is significant. Debtors chose if and when to file. That control continues throughout the process. In most cases, debtors…
Which Is Better Chapter 7 or Chapter 13 in Georgia?
A number of factors go into deciding which is better Chapter 7 or Chapter 13 bankruptcy. The type of debt is, by far, the most important factor. When unsecured debts are the disease, Chapter 7…
How Long Does It Take to File Bankruptcy in Georgia?
This question is one of the most common ones that people ask us. Almost half of Americans have no savings at all. So, they are ill-equipped to deal with the financial storms of life, such…
Why hiding assets is a bad idea when filing bankruptcy
You have likely heard the expression that “Honesty is the best policy.” Not only is that true, but telling the truth is absolutely necessary when it comes to filing bankruptcy. Lying in a bankruptcy case…
Read This: 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…
Common Issues Faced by Companies Who Filed Bankruptcy
This blog will discuss the issues faced by companies filing for both Chapter 7 and Chapter 11 Bankruptcy. First, though, let’s cover the differences between the two types. When a company files for Chapter 7, it…