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What Is Chapter 7 Bankruptcy in Georgia?
This federal debt relief program gets rid of most unsecured debt, which is good news for many area families asking, What is chapter 7 bankruptcy? The average Georgia household has almost $9,000 in credit card…
How Do I File Chapter 7 Bankruptcy in Athens, GA?
Chapter 7 bankruptcy eliminates most unsecured debts, like credit cards. Americans have over $1 trillion in credit card debt. Furthermore, the average credit card interest rate is over 20 percent. In other words, most Georgia…
What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy in GA?
There are different types of bankruptcy because, although debt has a common cause, there are different effects. If you’re wondering what’s the difference between chapter 7 and chapter 13 bankruptcy, the short answer is it…
How Does Chapter 13 Bankruptcy Work in Georgia?
Millions of homeowners took advantage of coronavirus mortgage deferrals during 2020. These programs were set to end at the beginning of 2021. Although the Federal Housing Administration recently gave homeowners a brief stay of execution,…
How Much Does It Cost to File Bankruptcy in Athens, GA?
How much does it cost to file bankruptcy in Athens, GA? Bankruptcy’s filing fee varies in different jurisdictions. It is usually around $350 for a Chapter 7 or Chapter 13. Many debtors can pay this…
Can I Keep My House in Chapter 7 Bankruptcy in Georgia?
Many people think they lose most of their assets when they file bankruptcy. After all, that’s what happens in Monopoly and some other board games. Fortunately, real life is not the same. Most people keep…
Can I File Chapter 7 Bankruptcy Again in Athens, GA?
Anyone may file Chapter 7 again at any time they please. However, subsequent filings might affect the Automatic Stay and debt discharge. The Automatic Stay prohibits utility shutoff, repossession, wage garnishment, foreclosure, and other adverse…
What Does Chapter 13 Bankruptcy Do to Your Credit?
Contrary to popular myth, bankruptcy does not “ruin your credit.” Unfortunately, a bankruptcy debtor’s credit score is most likely already damaged by repeated late payments and other negative information. It’s true that bankruptcy will take…
How Long Does Chapter 13 Stay on Your Credit Report in Athens, GA?
Chapter 13 public record filings usually remain on credit history reports for seven years. When debtors repay all their secured debt delinquency and, in some cases, many of their unsecured debts as well, Chapter 13…
How To Get Out of Bankruptcy Chapter 13 Early in Athens, GA
Normally, a repayment plan bankruptcy in Georgia lasts three or five years. Typically, people want as much time as possible to pay off mortgage arrearage and other delinquent secured debts. However, bankruptcy is not one…