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Tag Archives: Chapter 7

The Power of the Automatic Stay

If you are behind in your bills, you’ve probably gotten letters from you creditors as well as phone calls threatening to take action to collect on your debts. As if the harassing phone calls aren’t enough, your various creditors could also: Shut off your utilities Foreclose on your home or evict you from your apartment… 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 »

How Bankruptcy Can Stop Creditors from Repossessing Your Car

Every year millions of people choose to continue living with overwhelming debt simply because they’re afraid of what might happen if they file for bankruptcy. In reality, they should be afraid of what might happen if they don’t file! One of the biggest myths about bankruptcy is that it will require you to give up… Read More »

Charged Off Debt: What It Really Means and How Bankruptcy Can Help

What do you think of when you hear that a debt has been charged off? If you’re like most folks, you may think it means the debt is gone for good. And it is gone – just not from you. Charged-off debt is really just a tricky accounting term. When debts or assets are “charged… Read More »

Can I Keep My House if I File for Bankruptcy?

In this difficult economic climate, millions of Americans are facing foreclosure. Chapter 7 and Chapter 13 have helped many people stay in their homes. A qualified and experienced Atlanta, GA bankruptcy attorney can review your income and debt and help you develop a sound bankruptcy strategy for keeping your home. Under Chapter 7, a bankruptcy… Read More »

Secured Debt Explained

As you plan for bankruptcy, it is important to understand the difference between secured and unsecured debt. A knowledgeable Atlanta, GA bankruptcy attorney can help you make informed decisions about how to prioritize your debts. Collateral — something you pledge as security for repayment of a loan — is not required for unsecured debt, like… Read More »

How Often Can I File for Bankruptcy?

If you are experiencing financial problems, you may be wondering how often you can file for bankruptcy. The short answer is, it depends if you received a discharge in a prior bankruptcy. If your debts were not discharged, you can file as many times as you like. However, if you received a prior discharge, revisions… Read More »

How Can I Stop Wage Garnishments?

A wage garnishment is a court order given to your employer that requires him or her to withhold a portion of your paycheck to give directly to your creditor. While states have the ability to place limits on how much income may be garnished, Georgia follows federal law in this area.  If you are having… Read More »

Factors to Consider for Filing Chapter 7 Bankruptcy

As you consider filing bankruptcy, you must account for the type and amount of debt you have and for which type of bankruptcy to file in order to best resolve your financial crisis.  Chapter 7 is the most frequently filed for and fastest type of consumer bankruptcy.  Known as “liquidation” bankruptcy, Chapter 7 allows you… Read More »

Foreclosure Defense

During the recent housing crisis, hundreds of thousands of people lost their homes through abusive and fraudulent foreclosure practices.  In an attempt to compensate victims and put into place fair practices, Georgia ― along with 49 other states and the federal government ― reached an $8.5 billon National Mortgage Settlement with 10 major mortgage lenders…. Read More »