Bankruptcy has a social stigma attached to it. This makes it hard to envision life after bankruptcy. Many people struggle with the decision of whether to file. Often by the time people do file it is far past the time
Bankruptcy has the power to erase many debts, but it does not erase all types of debts. Many people come out of bankruptcy completely debt free. Other people have debts that must be paid back even after successfully filing for
There are two main chapters of bankruptcy that individuals file: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Which chapter is right for you is specific to your situation. For an overview of the primary differences between the chapters, read our
Certainly filing for bankruptcy will damage your credit score. However, it is a myth that bankruptcy "ruins" your credit for 7 to 10 years. Many of our clients are surprised to find out how quickly their credit score begins to
Are you struggling with debt? If so, it's time to evaluate your debt relief options and choose the one that is best for you. We understand that if your bills have piled up, or creditors are incessantly calling you, you
Every bankruptcy case is assigned a bankruptcy trustee. Trustees are people who are appointed to oversee and administer the bankruptcy case. They are impartial, third-parties appointed by the court to protect you and the interests of your creditors.
What are the
Bankruptcy has the power to give you legal relief from your debts. However, to receive a bankruptcy discharge (which erases your dischargeable debts) there are a few things that you are responsible for doing.
Mandatory Debt Counseling
When you file for bankruptcy
Making the decision to file for bankruptcy is not an easy one. Many of our clients express to us feelings of guilt or shame. We encourage you to think of bankruptcy as a financial decision - and if you're choosing
In a recent ruling, the Bankruptcy Court for the Southern District of Georgia, denied the Trustee's motion to reopen a case so that he could sell debtor's unexempt property to create a fund from which to pay creditors. (In re
Creating a budget is the foundation for a solid financial plan. You can’t make long-term financial decisions until you understand how your income is being spent each month, and how you can reallocate your spending to reach your goals.