Posts by Lee Paulk Morgan
The Most Important Things You Need If Considering Bankruptcy in Georgia
Bankruptcy in Georgia is the only form of debt relief that provides all debtors with an opportunity to settle their debts quickly and relatively easily. In this article, we will address common questions and what…
Read MoreWhat Happens When You File Chapter 7 Bankruptcy in Athens, Georgia?
The fear of the unknown is one of the main reasons people suffer from bankruptcy phobia, which is an unreasonable fear of bankruptcy. It is understandable that people might be afraid of what happens when…
Read MoreHow Often Can You File Bankruptcy in Athens, GA?
Many people ask, How often can you file bankruptcy in Athens, GA? About a fifth of all bankruptcy debtors in Georgia have filed at least once before. Technically, the Bankruptcy Code does not limit the…
Read MoreWhen Should You File for Chapter 7 Bankruptcy in Georgia?
The coronavirus pandemic has many people asking the question, When should you file for Chapter 7 in Athens, Georgia? Assistance programs, like stimulus checks and eviction moratoriums, have kept many families financially afloat during this…
Read MoreWhat Is Lien-Stripping and How Does It Work in Georgia?
Filing for Chapter 13 bankruptcy may be able to help underwater homeowners through a process called lien stripping. What is lien-stripping? When a homeowner files for a Chapter 13 bankruptcy in hopes of consolidating their…
Read MoreWhat Qualifies You for Chapter 13 Bankruptcy in Athens, GA?
If your family is having problems dealing with the financial storms of life, such as unemployment or serious illness, you are not alone. Two-thirds of Americans have less than $1,000 in savings, and many of…
Read MoreWhat If I Fall Behind on Chapter 13 Repayment Plan Payments?
A Chapter 13 bankruptcy is also called a “wage earner’s plan,” because it allows for filers who earn a regular income to pay back their secured debts over a period between three to five years.…
Read MoreWhat Is a Strategic Bankruptcy?
Strategic bankruptcies, as opposed to necessary bankruptcies, are most commonly associated with Chapter 11 business bankruptcies. Additionally, some small businesses are eligible for Chapter 5 bankruptcies. Lawmakers created this streamlined procedure because of the coronavirus…
Read MoreWhich 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…
Read MoreWhat Does Chapter 7 Bankruptcy Cover in Athens, GA?
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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