Bankruptcy laws were created by Congress to give individuals who are in financial trouble a fresh start from their burdensome debts. When you can’t keep up with your debts, you need a new opportunity to achieve your financial goals without being pressured and harassed by creditors.
When you are in financial straits, your options may appear to be limited. Sometimes, debts are insurmountable and options can be severely limited when it comes to catching up, however there is one option you have that can literally wipe your slate clean, filing for chapter 7 bankruptcy.
Chapter 13 cases are different, because instead of losing property to sale, a debtor is allowed to set up a payment plan with the bankruptcy trustee to pay back the debt over the course of a three to five year period.
Social Security Disability is a benefits program run by the Social Security Administration. The program provides financial support to people who are no longer able to work. If you have a permanent disabling condition, you may be eligible to receive Social Security Disability benefits.
Workers’ compensation is an insurance program paid for by your employer that provides benefits to workers who suffer from a work- related injury. The benefits provided by workers’ compensation include medical bills being paid, and a weekly cash benefit while you are out of work.
When you purchase a piece of property on contract — a home, car, or even a television — that item serves as collateral to ensure you will pay off the loan. Motor vehicles are among the most commonly repossessed types of property.
If you are still spending money on your credit card, you need to commit to halting all spending.You tend to pay more for things when you purchase them with a credit card. Put your credit cards away so you are not tempted to use them for any transaction.
An important thing to note before filing for a payday loan is that they tend to be very expensive and often have high interest rates. Therefore, if you do apply for a receive a payday loan, you must pay it off quickly.
Tax time can be very positive for some people and it can be a very stressing time for others. That is because while some people end up getting a refund or not owing any money to the IRS, others are left with a large tax burden than can even lead them to bankruptcy to cover the expenses. Morgan & Morgan has experience assisting clients in tax relief via bankruptcy.
A wage garnishment occurs when a court orders a portion of a person’s earnings to be withheld to satisfy a debt. When your wages are being garnished, the payroll department at your job will calculate the amount to be withheld and pay it to the creditor on your behalf.
Being able to purchase a home is a great thing but if you are at risk of losing that home, it can be devastating. Learn more about foreclosure in Georgia with our help and also learn how you can avoid foreclosure through bankruptcy.
If you are behind on your child support payments and are in deep debt because of this, a bankruptcy attorney can help you find relief. Our lawyers can help you through the process to get what you need.
Title pawns are a good way for people to get a lump sum of money fast. However, they usually come with steep stipulations such as repaying that money back within a short amount of time. While these may seem like a great idea at the time, they can turn into being a nightmare.
In 2017, Georgia had
total bankruptcy filings.
This places Georgia 3rd in the U.S. based on per capita filings.
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No problem is too big or too small for us to help. Whether you have lost your job, can’t keep up with medical bills, are behind on your mortgage and fighting to keep your house or have an outstanding amount of tax debt, we are the firm for you. We have helped thousands of people find relief and get a new start.