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What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy in Georgia?
The different kinds of bankruptcy are for different kinds of debtors. But most debtors have at least one thing in common. They live close to financial disaster. Most Georgians do not have the cash to…
What Does Chapter 13 Bankruptcy Do to Your Credit?
Contrary to popular myth, bankruptcy does not “ruin your credit.” Unfortunately, a bankruptcy debtor’s credit score is most likely already damaged by repeated late payments and other negative information. It’s true that bankruptcy will take…
How Long Does Chapter 13 Stay on Your Credit Report in Athens, GA?
Chapter 13 public record filings usually remain on credit history reports for seven years. When debtors repay all their secured debt delinquency and, in some cases, many of their unsecured debts as well, Chapter 13…
How To Get Out of Bankruptcy Chapter 13 Early in Athens, GA
Normally, a repayment plan bankruptcy in Georgia lasts three or five years. Typically, people want as much time as possible to pay off mortgage arrearage and other delinquent secured debts. However, bankruptcy is not one…
Am I Eligible for Chapter 13 Bankruptcy After COVID-19 Deferrals?
As 2020 closes, more people are wondering, Am I eligible for Chapter 13 bankruptcy? During coronavirus lockdowns, many homeowners took advantage of mortgage deferrals and other bank-offered temporary financial relief programs. When these programs ended,…
How Long Does Chapter 13 Bankruptcy Stay on Your Credit Report?
Have you ever wondered, How long does Chapter 13 stay on your credit? In most cases, a Chapter 13 filing stays on a credit report for seven years. That’s substantially less time than a Chapter…
What Happens at the End of Chapter 13 Bankruptcy in Athens, GA?
The majority of people say that the coronavirus pandemic has brought additional financial stress into their lives. In many cases, this stress causes Post Traumatic Stress Disorder-type symptoms. These people are sorely in need of…
How Often Can You File Chapter 13 Bankruptcy in Athens, GA?
Technically, debtors may file Chapter 13 bankruptcy as often as they want. However, if you’re wondering how often can you file Chapter 13, you should know that multiple filings might affect what is known as…
Can You Pay Off Chapter 13 Bankruptcy Early in Athens, GA?
If the family’s income is below the median, a Chapter 13 usually lasts three years. At the creditors’ meeting, the trustee and debtor usually set up a repayment schedule which lasts thirty-six or sixty months….
Is Chapter 13 Public Record in Athens, GA?
Most people file bankruptcy because of job loss, high medical bills, or another event that was beyond their control. Nevertheless, some people equate bankruptcy filing with financial failure. So, the fact that Chapter 13 filings…