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What 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…
Do I Have Any Other Options Besides Filing Bankruptcy in Georgia?
Until recently, a number of very attractive bankruptcy alternatives were available in Georgia. Unfortunately these options aren’t nearly as attractive as they were in 2015. While there are other option besides filing for bankruptcy in…
Which 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…
How Long Does Chapter 13 Stay on Your Credit Report?
In most cases, a Chapter 13 filing stays on a credit report for seven years. That’s substantially less time than a Chapter 7, because in a Chapter 13, debtors repay all their delinquent secured debts, such…
What 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…
Does 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…
Does Chapter 13 Bankruptcy Cover Student Loans in Georgia?
Yes, Chapter 13 bankruptcy can cover student loans, but only if “undue hardship” can be proven. This makes the question of does Chapter 13 bankruptcy cover student loans complicated. Since they are government guaranteed, student…
Can 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…
Busting 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…
How Long Does a Chapter 13 Bankruptcy Take in Georgia?
Largely depending on your income, Chapter 13 bankruptcy usually takes three or five years in Georgia. However, as outlined below, it’s usually possible to extend this time period. It’s also often possible to exit bankruptcy…