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Archive for June 2021

Which Is Better Chapter 7 or Chapter 13 in Georgia?

By Lee Paulk Morgan | June 22, 2021 | 0
coming to the conclusion that you need to file bankruptcy

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…

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How Long Does Chapter 13 Stay on Your Credit Report?

By Christopher Ross Morgan | June 15, 2021
A credit report showing a 760 credit score, placed on a desk with a pen and part of an Apple keyboard.

In most cases, a Chapter 13 filing stays on a credit report for seven years. That’s substantially less time than a Chapter 7, because in a Chapter 13, debtors repay all their delinquent secured debts, such…

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What Does Chapter 7 Bankruptcy Cover in Athens, GA?

By Lee Paulk Morgan | June 8, 2021
A man sitting at a desk with a pencil in is hand and hand on his forehead in exasperation as he sites at a desl surrounded by papers. A big orange banner is located on the bottom half of the image with " BANKRUPTCY CHAPTER 7" in large black letters, posing the question, "What Does Chapter 7 Bankruptcy Cover?"

Most people file bankruptcy for reasons that are at least mostly beyond their control. High medical bills, which prompt about two-thirds of all bankruptcy filings in Georgia, are a good example. If you’re asking what…

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Does Chapter 13 Affect Tax Returns in Georgia?

By Lee Paulk Morgan | June 1, 2021
A calculator and pencil lay atop a booklet titled "Bankruptcy Tax Guide", posing the question, Does Chapter 13 Bankruptcy Affect Tax Returns?

This frequently asked question opens one of the largest cans of worms in a Chapter 13 bankruptcy. It involves various complicated issues, mostly the nature of the bankruptcy estate and the aggressiveness and diligence of…

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