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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…
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,…
Toys “R” Us not going bankrupt after all
In the early summer of 2018, one of the largest and most iconic toy stores shocked the world by closing almost all of its 800 stores. Toys R Us was already in Chapter 11 bankruptcy…
The easiest ways to save money after bankruptcy
Life after a bankruptcy can be a tough. Sure, the knowledge that your debts have been wiped out is good, but sometimes there is a sense of failure. There is also the fear that you…