If you file for Chapter 13 bankruptcy, your debt is consolidated into a repayment plan. This is different from Chapter 7, where you have to liquidate non-exempt assets. With Chapter 13, the goal is to pay off the debt over time, making it affordable based on your...
Not everyone qualifies for a Chapter 7 bankruptcy filing. To be eligible, people must first pass the means test. They compare their income to the current federal median income for their state and household size. The means testing process determines who is eligible for...
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...