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Explaining the process of a Georgia home foreclosure

January 17, 2020

When someone is unable to continue making their mortgage payments, the lender can force the sale of the home through a Georgia home foreclosure. Each state has different laws governing home foreclosures. In Georgia, the…

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Who will know if I file for a Georgia bankruptcy?

January 7, 2020

Privacy is important, and many people may not want their friends, family members or coworkers knowing about their financial situation. This is especially likely to be true if someone is considering filing for bankruptcy. However,…

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Can filing for a Georgia bankruptcy discharge debt incurred as a result of a car accident?

January 3, 2020

For the most part, when someone files for a Georgia Chapter 7 bankruptcy, most of their debts are discharged at the completion of the bankruptcy. However, there are some types of debt that cannot be…

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Do I have any other options besides filing for a Georgia bankruptcy?

December 31, 2019

No one wants to file for bankruptcy. However, for many people dealing with constant financial stress, filing for a Georgia bankruptcy is a very good alternative to the status quo. Of course, before filing for…

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bankruptcy lawyer

The differences between Chapter 7 and Chapter 13 bankruptcy for Georgia filers

Dealing with financial stress on a long-term basis takes its toll. Filing for a Georgia bankruptcy may be an excellent option for those facing constant financial pressures. Unfortunately, the term “bankruptcy” has a negative connotation,…

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bankruptcy lawyer

What is a “cram down” and how can it help Georgia bankruptcy filers?

In Georgia, there are two different kinds of bankruptcies for individual filers. In a Chapter 7 “liquidation” bankruptcy, the court appoints a trustee who will oversee the sale of the filer’s assets. The proceeds of…

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Athens chapter 11 bankruptcy lawyer

Chapter 11 bankruptcies are up 63 percent

Chapter 11 bankruptcies occur when companies file for bankruptcy in order to protect themselves from creditors and to restructure their debt into something more manageable. This process is overseen by a Federal bankruptcy judge. Usually,…

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Athens bankruptcy lawyer

Bankruptcies soar among the elderly

A 2018 study has shown that bankruptcies among the elderly have increased over the last several years at a significant rate. From 1991 to 2016, the study indicated that bankruptcies of people 65 and older…

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Athens bankruptcy attorneys

Can student loans be discharged in bankruptcy?

The spotlight on student loan defaults has grown brighter the past five years, yet the ever-growing student loan crisis crippling the financial futures of many students in college and beyond has yet to be solved…

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chapter 7 bankruptcy

What is a bankruptcy discharge?

When a person files for Chapter 7 bankruptcy, their intention is to have as many of their debts discharged as possible. But what exactly does it mean to have debts discharged? When a debt is discharged…

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Georgia bankruptcy lawyers

Do I have to file a joint bankruptcy with my spouse?

It is no secret married couples do a lot of things together, such as raise children and pay taxes. Something else they can do as a unit, but do not have to, is file a…

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Exemptions allow debtors to keep assets despite filing bankruptcy

There is no question filing personal bankruptcy is daunting. Understandably, debtors have a multitude of questions, such as how filing might impact their credit score, what happens to the debts included in bankruptcy paperwork and…

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What is the role of Bankruptcy Trustee?

A person who files bankruptcy will likely never meet or speak with the countless people involved in their bankruptcy, such as their creditors and, in most cases, the Bankruptcy Judge assigned to their case. However,…

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What an automatic stay is and how it can keep debt collectors away

When a debtor files bankruptcy, a “legal shield,” called an automatic stay, goes into effect immediately. It serves to stay, or stop, all collection efforts in effect at the time of the bankruptcy filing. One…

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