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Should 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…
How 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…
Ask an Athens Bankruptcy Lawyer: What is Bankruptcy?
In board games like Monopoly, when players file bankruptcy, the game is over. Fortunately, the real world is different, at least in this area. Far from ending the game, bankruptcy is a new beginning. Bankruptcy…
How 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…
What Happens When You File Bankruptcy in Athens?
Overwhelming debt makes most people feel out of control. In a nutshell, bankruptcy reverses the curse. Both Chapter 13 and Chapter 7 put debtors back in control of their own finances. The bankruptcy filing rate…
What 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…
What is Chapter 7 Bankruptcy?
Thousands of people in and around Athens struggle with mountains of unsecured debt. These individuals basically have two choices. They can continue to struggle and hope for the best, or they can take drastic action…
How Much Does It Cost to File Bankruptcy in Athens?
As of January 1, 2020, bankruptcy filing fees are typical $310 for a Chapter 13 and $335 for a Chapter 7. These fees might be slightly higher in some jurisdictions. Trustees (people who oversee cases…
How the automatic stay in bankruptcy proceedings can help a filer get back on track
The automatic stay is one of the benefits to filing for bankruptcy. When someone files for bankruptcy, the court orders a stay on all attempts to collect debts from the filer. In part, the reason…
The steps for filing for a Chapter 13 bankruptcy
Filing for bankruptcy is not something that anyone should take lightly. The process is quite intensive. Chapter 13 bankruptcy is especially complex, because under this type of bankruptcy a filer will be required to pay…