Filing for bankruptcy can feel like you are giving up everything you worked hard to build. But that is not necessarily true. In fact, Georgia law provides specific exemptions to protect certain assets from creditors. This is why understanding how it works can help you...
People are often reluctant to file for bankruptcy because they fear losing everything they own. One specific area of concern is retirement accounts. After years of contributions, the thought of losing those funds can be frightening. In many cases, retirement accounts...
If you begin to fall behind on mortgage payments, it can feel like time is running out to save your home. Many homeowners facing foreclosure are also dealing with job loss, medical bills or other financial setbacks that can make it difficult to catch up. For some...
In many cases, married couples can and do file for joint bankruptcy. They are not obligated to do so, as it is possible for one spouse to file on their own. But filing together is very common, and there are some benefits to doing so. For example, the filing fee for a...
One of the best elements of a Chapter 13 bankruptcy is a filer’s ability to negotiate with creditors. In addition to working out a repayment plan that may reduce monthly obligations to unsecured creditors, filers are also in a position to seek modifications from the...
Joint Chapter 7 bankruptcy allows a married couple to file for bankruptcy together to discharge qualifying debts instead of filing separately. When you file jointly, you combine your finances, debts and assets into one case. This allows you to approach your financial...
Ignoring mounting debt in Augusta, Georgia will not make creditors disappear, but it will push you closer to bankruptcy and its lasting consequences. Creditors know that bankruptcy proceedings often leave them empty-handed, which is why many will negotiate reduced...
When people file for bankruptcy, they may lament the fact that they did not plan ahead. They feel like proper planning could have helped them avoid some of these issues. Budgeting may have helped them avoid overwhelming credit card debt, for instance. While this is...
Financial stress can feel overwhelming, especially when bills keep piling up, and there seems to be no clear way forward. Many people hesitate to explore bankruptcy because they fear losing everything. The truth is, bankruptcy law is designed to give people a fresh...
Most individuals considering bankruptcy choose between two options. Some people pursue Chapter 7 bankruptcy. They can complete the process in a matter of months. They can discharge eligible debts without any protracted efforts to pay down what they owe. Some people...