Posts by Lee Paulk Morgan
How Long Does Chapter 13 Bankruptcy Take in Georgia?
Depending on your income level, Chapter 13 lasts either three or five years. The filing usually stays on your credit record for an additional two to four years. A lot happens during these time periods.…
Read MoreWhat Do You Need to Do to File Bankruptcy in Georgia?
Typically, the first step in any recovery, including recovery from financial issues, is admitting there is a problem. And, many people have a serious problem in this area. 25 percent of people with money problems…
Read MoreHow Does Chapter 13 Bankruptcy Work?
Chapter 13 Bankruptcy is also known as the wage-earner plan. Essentially, when debtors file their voluntary petitions, they are saying “I have too many debts to pay all at once and I need to start…
Read MoreHow to File Chapter 7 Bankruptcy in Georgia
Many people who never considered bankruptcy before now see Chapter 7 as a legitimate option. That’s largely because the Supreme Court has eroded some key protections in the Fair Debt Collection Practices Act. Therefore, creditors…
Read MoreWhat Does It Mean to File for Bankruptcy?
Supreme Court Justice James Clark McReynolds was one of the first legal writers to call bankruptcy a fresh start for honest yet unfortunate debtors. He worded this phrase a bit differently because he wrote it…
Read MoreHow Often Can You File Bankruptcy in Athens?
Many people have this question. About a fifth of all bankruptcy debtors in Georgia have filed at least once before. Technically, the Bankruptcy Code does not limit the number of subsequent filings. But the automatic…
Read MoreWhat Are the Advantages of Filing Bankruptcy in Georgia?
Bankruptcy in Georgia has come a long way since the first federal bankruptcy act in 1800. Back then, there were no advantages to filing bankruptcy. In fact, creditors could file involuntary petitions and force people…
Read MoreHow Does Bankruptcy Work in Georgia?
Congress has revised the Bankruptcy Code several times, most recently in 2005. Despite all these revisions, bankruptcy procedure has not changed much since the 1898 Nelson Act. Most Georgia bankruptcies follow the same basic procedural…
Read MoreHow Long Does Bankruptcy Stay on Your Credit Report in Georgia?
By the book, bankruptcy filings generally remain on credit reports for seven years (Chapter 13) or ten years (Chapter 7). These time periods sometimes prevent people from filing necessary bankruptcies. But there is more to…
Read MoreWhat is Chapter 13 Bankruptcy?
Chapter 13 gives distressed debtors up to five years to catch up on past-due home mortgage payments. The same thing applies to other secured debt delinquency, such as vehicle loans. Other options are available as…
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