According to Statista, in 2022, the state of Georgia led the nation in Chapter 13 bankruptcy filings, with a total of 14,603 cases initiated. When confronted with financial challenges, bankruptcy can offer you a fresh start from the burden of debt. However, you may be...
Month: October 2023
How people can avoid vehicle repossession after a few missed payments
When someone finances the purchase of a motor vehicle, the vehicle itself serves as collateral for the loan. The buyer could, therefore, lose possession of it at any point if they fall too far behind on their payments. Depending on the terms of someone's loan, it...
Can a creditor seize your home if you default on payments?
When you have not been making payments on a debt, it can affect other property you own, including your home. A creditor cannot seize your home but can go to court and ask to attach a judgment lien to the property. If this happens, you may need to consider filing for...
Is bankruptcy the only way to stop a home foreclosure?
When facing the distressing prospect of losing your home to foreclosure, it is only natural to explore all possible options to halt this process. Bankruptcy is one avenue that often comes to mind, but you might wonder if it is the only way to stop a home foreclosure....