404.750.4706Category Archives: Bankruptcy
Bankruptcy – If It’s Good Enough for Trump, Why Not You?
Donald Trump, the New York billionaire, real estate mogul and television celebrity, has been making headlines for months as a leading candidate for the Republican presidential nomination. That has prompted his many challengers to insinuate that his business record is not what it appears to be. Opponent Carly Fiorina, a former CEO whose business record… Read More »
Are You Still Hiding Your Car from the Repo Man?
If you have defaulted on your car loan, the lender has the right to repossess it provided he does not “breach the peace.” This can put you in a terrible bind if you rely on your car to get to work or to run errands for your household. Sure, you can keep your car in… Read More »
What Property Can You Keep Under Georgia’s Bankruptcy Exemptions?
Every state has different rules when it comes to bankruptcy. States have their own laws about which property can be kept (exempted) in a Chapter 7 bankruptcy proceeding. While many states allow you to choose between state and federal rules, Georgia limits its residents to state rules. Georgia’s bankruptcy exemptions apply to property or equity… Read More »
Rebuilding Your Credit After Declaring Bankruptcy
Some put off filing bankruptcy, or decide against it entirely, just because they are worried about their credit score. While this may be a valid concern in some cases, it normally doesn’t justify dismissing the idea of bankruptcy entirely. The benefits of bankruptcy often outweigh its potential effects on the filer’s credit score. Additionally, rebuilding… Read More »
Georgia Has Fourth Most Bankruptcy Filings in 2015 to Date
While bankruptcy filings have dropped throughout the country in 2015 so far, they remain high in Georgia. In fact, according to The Association of Credit and Collection Professionals, Georgia had the fourth most filings per capita in the first six months of 2015. Across the United States, total bankruptcies in June were down about 6%… Read More »
When Should You File for Bankruptcy if You Face Foreclosure?
Chapter 7 bankruptcy and foreclosure often go hand in hand. Mortgage debt is one of the most common causes of bankruptcy, so if you know you face foreclosure and also know you are planning on filing for bankruptcy protection, you must decide whether you will file for bankruptcy before or after the foreclosure. In most… Read More »
Non-Dischargeable Debts in Bankruptcy and How to Manage Them
For the most part, bankruptcy provides you with a fresh financial start after you have become overwhelmed with debt. However, it will not necessarily wipe out all of your debts, so even after you have filed for bankruptcy protection, you may still have some issues with paying your creditors. Nondischargeable debts under Chapter 7 bankruptcy… Read More »
Staying Informed: An Overview of Credit Scores
Most people understand the importance of maintaining good credit. But what exactly is a credit score and how can you help ensure yours falls into the best range possible? Your credit score is a three-digit number that offers a rating based on all of the information contained in your credit report. This document includes an… Read More »
How to Choose the Best Bankruptcy Attorney for You
As soon as you have made the decision to file for bankruptcy, it’s important to get in touch with an attorney who can help you through the process. But which qualities should you look for in your potential bankruptcy lawyer? The following are a few tips to consider: Professionalism. Your potential attorney should be completely… Read More »
Questions a Bankruptcy Trustee Will Likely Ask You
Whenever you file for bankruptcy protection, you are required to attend a meeting with your creditors to answer certain questions about the information you included in your bankruptcy paperwork. The bankruptcy trustee assigned to your case leads this meeting. Most of these questions are simple, but it’s important to be prepared for them. Before the… Read More »