Filing for bankruptcy can bring relief from overwhelming debt and annoying phone calls from creditors. Unfortunately, it does not always exempt you from paying state income taxes. Whether you can have your Georgia state income taxes discharged along with your other...
Year: 2024
Can filing for bankruptcy help someone to avoid vehicle repossession?
Most people cannot afford to outright purchase a vehicle when they need transportation. Vehicle prices have risen in recent years, making financing the best solution in many cases. People can obtain loans that allow them to buy a vehicle now and pay it off over the...
How should you use credit cards after bankruptcy?
The months following bankruptcy can feel like a fresh start for people who had been previously having financial trouble. Many may look forward to the future and wonder what steps to take now. Part of this journey includes learning how to use credit cards correctly....
Rebuilding your credit with a credit-builder loan
The negative impact of bankruptcy on a credit score is why many people hesitate to file for it. Depressed credit makes it hard to apply for financing when you need it. Still, that does not mean you cannot secure a loan as you seek to rebuild your credit. Options...
Is there a debt minimum to file for bankruptcy?
Overwhelming debt can make those who have not considered bankruptcy start to review the option. However, the many rules surrounding who can file often create confusion. For example, some people wonder if there is a specific amount of debt that the government requires...
Common mistakes to avoid when filing for bankruptcy
Filing for bankruptcy is a big step that requires careful consideration and attention to detail. Any mistakes made during this process can have long-lasting consequences for your financial future. If you are considering bankruptcy as a solution, there are a few common...
Exemptions in a Chapter 7 bankruptcy case
Drowning in debt is a harrowing feeling that can make you feel like there’s no hope. Fortunately, bankruptcy is an option that might work for you. One of the first things you’ll have to determine is whether you’ll file a Chapter 7 or Chapter 13 bankruptcy. Chapter 7...
5 benefits of filing for Chapter 13 bankruptcy
Financial challenges can be overwhelming, but for those facing substantial debt, Chapter 13 bankruptcy provides a viable solution. This legal process allows you to restructure your debt based on your income and expenses. There are several benefits to filing for...
3 myths about Chapter 7 bankruptcy
Filing for Chapter 7 bankruptcy can provide much-needed relief for people struggling with unmanageable debt. However, there are some common misconceptions about how the Chapter 7 process works. You should understand the truth behind these myths before you decide if...
Can you keep your home when you file for bankruptcy?
For those facing financial hardships, the prospect of filing for bankruptcy raises questions about the fate of their most significant asset—their home. The process of bankruptcy involves navigating complex legal and financial terrain. Understanding whether one can...