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The Process for Filing Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy is not a very complicated process, however, failure to do it properly can make things more difficult than they need to be. A huge bulk of the process involves filing…
Facing Foreclosure in Georgia? Bankruptcy can help save your home
Everyone knows about the recent issues with the housing market. Many homes have lost value over the past couple of years. As a result, more and more people are facing foreclosure. Over 10 million American…
Medical Bills: The #1 Cause of Bankruptcy
According to a recent MNBC news article, medical bills are the main reason people file bankruptcy. Some estimates believe that 60% of bankruptcies are directly related to medical bills. In fact, over one million people…
Scam Alert: Debt Settlement Companies
You have probably noticed advertisements for various debt settlement companies. Debt settlement companies claim that they can negotiate with creditors to lower the amount of debt that is owed. However, most of these companies are…
Can I Stop Debt Collectors from Harrassing Me?
In the United States, collection agents are limited in the methods they can use to collect consumer debts by the Fair Debt Collection Practices Act (FDCPA). Consumer debts include credit card debt, auto loans, mortgage…
Will Paying off an Old Debt Raise My Credit Score
Paying off old debts won’t always improve your credit score. If a debt is less than seven years old, paying it could improve your credit score, IF it is showing on your credit report. How…
Improving Your Credit Score: Steps You Can Take
One of the most common questions we hear at Morgan & Morgan, especially for people coming out of bankruptcy, is “What can I do to improve my credit score?” First, let’s examine what determines a…
What Should I do with my Tax Refund
With tax season right around the corner, many people are already anticipating getting their tax refunds back from the federal and state government. Last year the average federal tax refund was $2700! While getting a…
What Is the Means Test?
Before you can file for Chapter 7 bankruptcy, you must pass something called the means test. This test determines whether your income is low enough for you to qualify to file Chapter 7 bankruptcy under…