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How Long Does It Take to File Bankruptcy in Georgia?
This question is one of the most common ones that people ask us. Almost half of Americans have no savings at all. So, they are ill-equipped to deal with the financial storms of life, such…
How Often Can You File Chapter 7 Bankruptcy in Athens, GA?
Theoretically, people can file Chapter 7 bankruptcy as many times as they want. However, subsequent filings have limited effects, both on the Automatic Stay and debt discharge. Typically, a subsequent Chapter 7 has a full…
How Long the Chapter 13 Process Takes in Georgia
You are probably wondering how long the Chapter 13 process takes in Georgia. In Georgia, Chapter 7 bankruptcy typically takes about 4 to 6 months from filing to discharge, while Chapter 13 bankruptcy lasts between…
How Long After Bankruptcy Can You Buy a House in Athens, GA?
Rules vary among different lenders. Government-backed loans, like VA loans, usually have shorter waiting periods. Generally, you must wait between two and four years after Chapter 7 Bankruptcy and one and four years after a…
What Do You Need to Do to File Bankruptcy in Georgia?
Typically, the first step in any recovery, including recovery from financial issues, is admitting there is a problem. And, many people have a serious problem in this area. 25 percent of people with money problems…
How Long Does Chapter 7 Bankruptcy Last in Athens, GA?
In as little as about nine months, Chapter 7 bankruptcy gives honest, yet unfortunate debtors a fresh start, as the Supreme Court has guaranteed so many times over the past hundred years. So, this vehicle…
How Does Chapter 13 Bankruptcy Work?
Chapter 13 Bankruptcy is also known as the wage-earner plan. Essentially, when debtors file their voluntary petitions, they are saying “I have too many debts to pay all at once and I need to start…
Who Qualifies for Chapter 7 Bankruptcy?
Most people qualify for debt elimination bankruptcy. The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act introduced an additional hurdle, the means test, which is discussed below. Frankly, Congress intended the means test to dissuade…
How to File Chapter 7 Bankruptcy in Georgia
Many people who never considered bankruptcy before now see Chapter 7 as a legitimate option. That’s largely because the Supreme Court has eroded some key protections in the Fair Debt Collection Practices Act. Therefore, creditors…
What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
When players file bankruptcy in Monopoly, it’s the end of the game. But when debtors file bankruptcy in real life, they get a fresh start. In Monopoly, there is only one kind of debt (real…