According to data from the American Bankruptcy Institute for 2017, there were approximately 44,407 personal bankruptcies in Georgia. If you recently had your debts discharged in Chapter 7 or completed a payback arrangement under Chapter 13, you may feel a sense of relieve. The challenge is how to manage financially after bankruptcy. Evidence of a bankruptcy will remain on your credit history for seven to ten […]
Life After Bankruptcy Read More »
When collection calls from creditors are keeping you awake at night or making you want to throw your phone against the wall, you need to ask yourself a tough question: can you actually afford to repay your debts? Consumer debt from credit cards, car loans, student loans, home mortgages and IRS debts are at an
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It is fairly easy to understand what to expect what will happen to your credit score, it will drop and you may feel uncomfortable. The primary factor in that calculation of how big the drop being, how high the credit score was before filing. An excellent credit score will have a larger drop close to
Credit Score After Ch 7 Read More »
Chapter 7 bankruptcy is one of the most common types of bankruptcy and typically, the one most individuals decide to take when they declare bankruptcy. As with all things, there are pros and cons to chapter 7, and knowing what they are can help you make the best-informed decision for your financial situation before you
Pros and Cons of Chapter 7 Read More »
If you are considering bankruptcy, the fear of losing possessions can be enough to make it seem not worthwhile, despite the crushing debt. Most individuals who are considering bankruptcy owe far more than they can pay, with no end in sight. It can become difficult to purchase simple items like food and gas, all while
Can I File Chapter 13 and Keep My House? Read More »
If you find yourself in an overwhelming amount of debt, bankruptcy may be the best option available to you. Chapter 7 is one of the most common types of bankruptcy filing and will eliminate debt and give you what is considered a “fresh start”. The assets that you hold will be collected by a trustee
How to File Chapter 7 In Georgia Read More »
Making the decision to get off the fence can be difficult. Honestly, most of my bankruptcy clients stay on the fence until the last possible second. How can you know when it is time to file bankruptcy? I hope this article will answer this question for you. If you are thinking about getting out of
Bankruptcy – When Is It Time To Get Off The Fence? Read More »
Many people like to refer to Chapter 13 as the “catch your breath provision” of the bankruptcy code. When creditors are coming down on you all at once demanding full payment today, Chapter 13 allows you step back, catch breath, and pay them back over a reasonable period of time. In contrast to Chapter 13,
Kennesaw Bankruptcy – Free Yourself From Financial Bondage With Chapter 13 Or Chapter 7 Read More »
Typically, a collection lawsuit gives 30 days for the defendant to file a response with the court. In Georgia, when a collection lawsuit is filed against you, someone from the local sheriff’s office will drive out to your house and personally serve you or whoever answers the door. A response to a collection lawsuit is
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Yes, you can freeze your credit while you are in an active Chapter 13 bankruptcy. There is nothing in the bankruptcy code that would prohibit freezing your own credit. This past week, we have received many calls from concerned clients asking this question in light of the recent Equifax data breach. The Atlanta based Equifax
Can you freeze your credit while in an active Chapter 13 Bankruptcy? Read More »