Unfortunately, if you are not up to date with your car payments, the lender has every right to repossess the vehicle at any time without giving you notice. However, if you file for bankruptcy, the repossession may cease and you may even have the opportunity to get your vehicle back. Once you learn more about the different types of bankruptcy, you will have a better understanding of how the combination of repossession and bankruptcy is not the definitive on whether… Read More >
Nov 8
Does Chapter 7 Eliminate Debt?
Many debtors believe that by filing for bankruptcy their debt will be erased. Unfortunately, this is not entirely true. The type of debt the individual has and the chapter of bankruptcy he or she decides to file will be major factors in deciding the type and amount of debt that is erased. These individuals may be particularly interested in Chapter 7 and wonder does Chapter 7 eliminate debt. What Is Chapter 7 Bankruptcy? Chapter 7 bankruptcy was designed to help… Read More >
Nov 2
Does Personal Bankruptcy Affect Business Owners?
If you are a business owner and you are planning to file for bankruptcy, you may be wondering does personal bankruptcy affect business owners. Business owners should discuss their potential Chapter 7 bankruptcy filing with an experienced bankruptcy attorney. There are several factors that you should be aware of before you file for bankruptcy as a business owner. The Factors That Business Owners Must Consider The first thing that business owners should consider is the protection of their businesses. Are… Read More >
Oct 1
The Answers to Common Bankruptcy Questions
You should make a decision to file for bankruptcy only after you have considered every other option and you have determined that filing for bankruptcy is the only way to get your finances back on the right track. There are answers to common bankruptcy questions that most debtors look for before making their final decision. However, any questions you have should be answered by an experienced bankruptcy attorney in your area. What Does It Mean To Declare Bankruptcy? When an… Read More >
Sep 4
Georgia Bankruptcy Laws: What You Should Know Before You File
You may be wondering why you should file bankruptcy. When you decide to file Chapter 7 or Chapter 13, you have not thrown in the towel on your financial situation. You are simply giving yourself a new financial start. Many residents in Georgia file for bankruptcy every year, and once you are aware of Georgia bankruptcy laws, you will be better prepared during the process. Georgia Bankruptcy Laws Georgia residents should be aware that the recent changes in the bankruptcy… Read More >
Aug 4
Student Loan Bankruptcy: Can The Debt Be Discharged?
Although student loans allow many to graduate from college and pursue the careers of their dreams, they can also be very devastating to a person’s financial situation. The monthly payments may be too much for someone who has just graduated and is looking for stable employment. In fact, it is not uncommon to find that there are a large percentage of new college graduates who have gone several months without making a payment towards their student loans. This is one… Read More >
Jul 17
Small Business Facing Financial Troubles Should Consult a Small Business Bankruptcy Lawyer
Is your small business in severe financial trouble? Have you asked yourself if bankruptcy would help? There are several questions that you should ask yourself before you begin the process. Consulting with a small business bankruptcy lawyer will also give you the guidance and information you need. What Type Of Business Do You Have? A business that is classified as a partnership or a corporation is a separate entity from the business owners or the shareholders. This means that if… Read More >
Jul 9
How to Declare Bankruptcy the Right Way
If you are facing tough financial times, you have a pile of debt that you are not able to pay off and your creditors are calling you day and night, you may have thought about declaring bankruptcy. Even though it seems like a fairly simple option, reality is more challenging than you may think. Learning how to declare bankruptcy will reduce your chances of any legal issues. And, it can increase your chances of a successful bankruptcy discharge. Before you… Read More >
Jun 3
Important Facts about Bankruptcy for Farmers
Although Chapter 7 and Chapter 13 are types of bankruptcy that are typically filed by individuals, Chapter 12 is also known as bankruptcy for farmers. The purpose of Chapter 12 is to provide assistance to farmers who are on the verge of bankruptcy. Farmers and anglers who have had a steady income from farming or fishing over the past few years are qualified to file for this type of bankruptcy. Most farmers and anglers have debt ratios that are too… Read More >
Feb 19
How to Get Good Bankruptcy Information From an Attorney
Many people believe that filing bankruptcy will magically make their debt disappear. However, bankruptcy is not a financial decision that many people want to make. A person should not make this decision haphazardly. It is important that you receive good bankruptcy information throughout the entire process. Do You Need To File For Bankruptcy? One of the best ways to learn whether you really need to file for bankruptcy is to consult with an experienced bankruptcy attorney. The attorney will examine… Read More >
