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When Should I File Chapter 7 Bankruptcy in Athens, GA?
Frequently, bankruptcy is the only protection that debtors have from aggressive creditors. The Supreme Court has recently diluted some of the key consumer protections in the Fair Debt Collections Practices Act. So, if you are…
How to Talk to Your Parents About Bankruptcy in Athens, GA
If your parents are still connected to your financial life or simply involved in your well being, there may come a time when you will need to talk to your parents about bankruptcy. Needless to…
What Is a Bankruptcy Discharge in Athens, Georgia?
When a person files for Chapter 7 bankruptcy, their intention is to have as many of their debts discharged as possible. But what is a bankruptcy discharge, and how does it work in Georgia? When…
What If I Fall Behind on Chapter 13 Repayment Plan Payments?
A Chapter 13 bankruptcy is also called a “wage earner’s plan,” because it allows for filers who earn a regular income to pay back their secured debts over a period between three to five years….
What Is a Strategic Bankruptcy?
Strategic bankruptcies, as opposed to necessary bankruptcies, are most commonly associated with Chapter 11 business bankruptcies. Additionally, some small businesses are eligible for Chapter 5 bankruptcies. Lawmakers created this streamlined procedure because of the coronavirus…
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…
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…