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Tag Archives: Chapter 7 bankruptcy

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 »

Keeping Your Home Through Chapter 13 Bankruptcy

Homeowners throughout Georgia are finding themselves in difficult financial situations. If you are in danger of losing your home to foreclosure, you are probably considering every possible choice. Depending on your income, your assets and the amount of equity you have in your home, you have different options. Loan modification may seem like the easy… 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 »

Why You Should Consider Debt Reaffirmation

Once you file for Chapter 7 bankruptcy in Georgia, your focus is usually on protecting your assets by hoping that the majority, if not all, of your possessions will be marked exempt from liquidation. Because of Georgia’s liberal exemption laws, our clients often have very minimal property losses, if any at all, but it is… Read More »

Understanding Chapter 7 Bankruptcy

The process of filing for Chapter 7 bankruptcy in Georgia may seem complicated and can be difficult for anyone to understand. However, don’t get discouraged.  Chapter 7 can eliminate your debt and alleviate the stress associated with your financial burdens. We have provided below the answers to some frequently asked questions about Chapter 7.  We… Read More »