No one wants to deal with debt, but, for the most part, it is a common part of life for individuals in Georgia and elsewhere. While having some debt is fine, dealing with an overwhelming amount of debt can significantly and negatively impact one's life. The inability...
How are unsecured debts handled in Chapter 13 bankruptcy?
It's a myth to think that everyone in Georgia who files for bankruptcy will lose all their possessions and become impoverished. If a person files for Chapter 13 bankruptcy, instead of having their assets liquidated, they will instead follow a three to five-year...
Reorganization and repayment through Chapter 13 bankruptcy
The idea of creating a repayment plan to pay off one's debts through bankruptcy may seem like a strange process to a Georgia resident. That is because not everyone is familiar with Chapter 13 bankruptcy. While many people have heard of Chapter 7 bankruptcy and its...
What debts may survive a Chapter 13 bankruptcy discharge?
Bankruptcy offers an excellent option for Georgia residents to settle their debts and emerge from the process with a clean financial slate. Those who earn an income and who can afford to contribute some of their wages to the repayment of their debts may qualify for...
Income may influence the form of bankruptcy a person may use
As readers of this Georgia-based legal blog know, bankruptcy is not a single process. There are many different forms of bankruptcy that are available to individuals and businesses alike. When it comes to personal bankruptcy most people file for either Chapter 7...
Settle financial hardships as the New Year approaches
It may be hard for some Georgia residents to believe but it is almost Thanksgiving. That means that Christmas is right around the corner and just a week after that will arrive the start of 2019. New calendar years are often used by individuals to set goals and to...
What is a repayment plan under Chapter 13 bankruptcy?
It is often the case that when a Georgia resident cannot get ahead of their overwhelming debts that they may turn to bankruptcy as a means of getting themselves back on the right financial path. There are two main forms of bankruptcy that individuals generally decide...
Helping Georgia residents understand their bankruptcy options
For some readers of this blog, bankruptcy may sound like a bad thing. It is not uncommon for people to have preconceived notions about the process and about the kinds of people who may have to use it to salvage their financial futures. In reality, however, bankruptcy...
What happens to your house if you file for bankruptcy?
It is normal that when it comes to bankruptcy there are a lot of questions. Many questions stem from how you will be able to manage your finances in the future. A popular question that is often asked when it comes to bankruptcy is: Will I be able to keep my house?...
What is Chapter 13 bankruptcy?
Deciding to file for personal bankruptcy can be a difficult process for a Georgia resident. For this reason it can be beneficial to some to consult with legal representatives who understand the types of bankruptcy available to men and women in the state before they...