It may seem strange but, in some cases, a person may make too much money to file for certain types of bankruptcy. That is the situation regarding Chapter 7 bankruptcy, a form of personal bankruptcy that is limited to individuals with relatively low incomes and who...
Managing debts after a Chapter 7 bankruptcy discharge
Readers may be surprised to learn that a person can emerge from the Chapter 7 bankruptcy process with many debts still intact. This is because not all debts can be discharged. When pursuing bankruptcy, a person should have a plan for how they will manage their...
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 does it mean to liquidate my assets?
Personal bankruptcy is often pursued through one of two processes: Chapter 13 bankruptcy or Chapter 7 bankruptcy. While Chapter 13 bankruptcies allow individuals to keep their property and repay their creditors over time through the execution of repayment plans,...
Georgia: A tough place to have bad credit
Debt struggles can significantly damage a person’s credit score. A bad credit score can create a lot of challenges for a person. This may particularly be the case here in Georgia. Many things impact what life is like for individuals with bad credit scores. This...
How the law helps active duty soldiers deal with outstanding debt
During your career of service, it is inevitable that you will change residences multiple times and be deployed overseas. It is also likely that you will experience financial difficulties at one time or another. This is not something exclusive to members of the...

