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Georgia Bankruptcy Lawyer Answers: What Debt Do You Still Owe When Filing a Chapter 13?
No one ever wants to have to declare bankruptcy. Unfortunately, though, life hits people hard and when it does, the hits sometimes keep coming. Job loss (especially during the current pandemic), home repairs, car breakdowns,…
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…
Can I File Bankruptcy and Keep My Car in Athens, GA?
If you’re asking can I file bankruptcy and keep my car, the answer is absolutely! And that’s a good thing to know in these trying times. Because of the coronavirus pandemic, auto loan delinquency rates…
How Do I Build Credit After Bankruptcy?
There is no doubt that bankruptcy significantly lowers your credit score. But the effect is not as dramatic as many people believe it is. Furthermore, bankruptcy is a one-time black mark. Continual late payments drive…
Who Pays for Bankruptcies in Athens, GA?
In most cases, bankruptcy filers in Athens, GA pay for bankruptcies. The filing fee varies in different jurisdictions, but it is normally about $350 in a Chapter 7 and $300 in a Chapter 13. Judges…
What Happens If I Declare Bankruptcy in Georgia?
Without a doubt, bankruptcy is the biggest, blackest mark that can affect your credit score in the state of Georgia. However, there is considerable misinformation on this point. So, in most cases, the pros of…
How Often Can You File Bankruptcy in Athens?
Many people have this question. About a fifth of all bankruptcy debtors in Georgia have filed at least once before. Technically, the Bankruptcy Code does not limit the number of subsequent filings. But the automatic…
Why You Should Refrain from Withdrawing from Your 401K During a Hardship
We all face financial hardship at some point in our lives. One very common remedy sought out by those dealing with unexpected circumstances like a personal injury, work-related injury or medical bills is to borrow…
Student Loans and Claiming Bankruptcy
Student Loans are far and away the most difficult form of debt to erase. Bankruptcy filing is typically not an option for student debt unless debtors can clearly prove through a series of tests that: morganlawyersMorgan…
The Proper Steps To Obtaining a Mortgage After Bankruptcy
Filing for bankruptcy is not the end of the world. Rather, it is the spark of a new beginning where you can rewrite your financial goals, erase large amounts of your debt and start afresh….