Posts by Lee Paulk Morgan
What 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…
Read MoreDoes Chapter 13 Affect Tax Returns in Georgia?
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…
Read MoreCan I File Bankruptcy and Keep My Car in Athens, GA?
If you’re asking can I file bankruptcy and keep my car, the answer is absolutely! And that’s a good thing to know in these trying times. Because of the coronavirus pandemic, auto loan delinquency rates…
Read MoreBusting the 10 Biggest Chapter 13 Bankruptcy Myths
Due to recent legal changes, many people are taking a harder look at bankruptcy. Unfortunately, they may fall prey to some of the biggest chapter 13 bankruptcy myths and decide not to file, even though…
Read MoreHow Much Does a Chapter 13 Bankruptcy Cost in Athens, GA?
Chapter 13’s basic filing fees vary in different courts, mostly because the trustee (person who oversees the case for the judge) often adds an administrative fee. But if you’re asking how much does a chapter…
Read MoreHow Long Does Bankruptcy Chapter 7 Last in GA?
If you need a fresh start right away, Chapter 7 bankruptcy is probably for you. From start to finish, filing many of these cases only last about six or nine months. Chapter 7 will stay…
Read MoreHow Long Does Bankruptcy Stay on Your Credit Report in Athens, GA?
Technically, bankruptcy stays on a credit report for seven or ten years, depending on the type of bankruptcy you file. There is basically nothing you can do to alter that fact. However, there is also…
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