If you are considering filing a Chapter 13 bankruptcy, you may be concerned that your creditors will be able to dictate the terms of your repayment plan to you. You may fear they may reject the offers you make and force you to accept financial conditions that are too...
One thing that sometimes puts a person off filing for bankruptcy is the perceived effect it will have on their credit score. They know that if they file, it will send their credit rating downward. Yet what they are often not considering is that continuing in their...
When you file for bankruptcy in Georgia, you must provide information about your debts and creditors, or the people and companies you owe money to. But with multiple credit cards, medical bills or other accounts, you might accidentally leave one out. A debt left off...
Debt can quickly become overwhelming. A few missed payments can soon turn into collection calls, late fees, lawsuits or the threat of losing your home. If you feel like you are constantly trying to catch up and still feel like you’re drowning in debt, you may be...
Individuals and families are struggling with the combined effects of rising living costs, high-interest debt, unexpected expenses and changes in income. This is reflected in the increasing number of Americans filing for bankruptcy. During the 12 months ending June 30,...
Filing for Chapter 7 bankruptcy does not mean the financial decisions you made in the months before filing will pass unscrutinized. The bankruptcy trustee may look closely at certain payments you made to creditors during that time, which is what the 90-day rule is all...
No, you will not lose everything if you file for bankruptcy. This is a common concern for many. They have heard they will need to liquidate assets to pay creditors before their debt will be waived, and they do not want to lose everything they own. The first thing to...
There are cases where people file for bankruptcy due to overspending. For instance, someone may not understand the way that credit card interest rates work. They charge far more on the card than they can afford to pay back, and then the monthly interest means that...
Medical treatment often starts immediately after an accident, but resolving a personal injury claim usually takes much longer. During that time, medical bills may continue to arrive while your case moves through the claims process. Here are a few things you should...
Filing for bankruptcy often requires significant financial adjustments to an individual’s or family’s budget. Many people focus on cutting expenses and rebuilding financial stability in order to make the most out of their bankruptcy process. These are often wise...