Posts by Christopher Ross Morgan
How Much Does It Cost to File Bankruptcy in Georgia?
Coronavirus has affected our lives in many ways. For example, about 90 percent of people say that COVID-19 has created additional financial stress in their lives. What makes this survey really alarming is that most…
Read MoreWhat Happens If I Declare Bankruptcy in Georgia?
Without a doubt, bankruptcy is the biggest, blackest mark that can affect your credit score in the state of Georgia. However, there is considerable misinformation on this point. So, in most cases, the pros of…
Read MoreHow Often Can You File Chapter 7 Bankruptcy in Athens, GA?
Theoretically, people can file Chapter 7 bankruptcy as many times as they want. However, subsequent filings have limited effects, both on the Automatic Stay and debt discharge. Typically, a subsequent Chapter 7 has a full…
Read MoreHow Long After Bankruptcy Can You Buy a House in Athens, GA?
Rules vary among different lenders. Government-backed loans, like VA loans, usually have shorter waiting periods. Generally, you must wait between two and four years after Chapter 7 Bankruptcy and one and four years after a…
Read MoreHow Long Does Chapter 7 Bankruptcy Last in Athens, GA?
In as little as about nine months, Chapter 7 bankruptcy gives honest, yet unfortunate debtors a fresh start, as the Supreme Court has guaranteed so many times over the past hundred years. So, this vehicle…
Read MoreWho Qualifies for Chapter 7 Bankruptcy?
Most people qualify for debt elimination bankruptcy. The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act introduced an additional hurdle, the means test, which is discussed below. Frankly, Congress intended the means test to dissuade…
Read MoreWhat’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
When players file bankruptcy in Monopoly, it’s the end of the game. But when debtors file bankruptcy in real life, they get a fresh start. In Monopoly, there is only one kind of debt (real…
Read MoreWhat Happens When You Declare Bankruptcy in Athens?
The novel coronavirus has affected our lives in many ways, and that includes bankruptcy filings. A number of retailers and other companies have already filed Chapter 11 bankruptcy. Most observers expect a significant uptick in…
Read MoreWhat is the Downside of Filing for Bankruptcy in Georgia?
Every cloud has a silver lining. Most of our bankruptcy posts focus on the silver lining of bankruptcy. But this one focuses on the cloud. Unfortunately, to use another metaphor, some people make a mountain…
Read MoreShould I File Bankruptcy?
For many distressed debtors, bankruptcy is an absolute last resort after they exhaust all other options. That’s technically true. However, since the Supreme Court recently struck some key consumer protections from the Fair Debt Collection…
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