A Chapter 7 bankruptcy can remain on your credit report for up to ten years. This number scares people, but it shouldn’t determine your plans, as most applicants begin qualifying for new credit before the filing has disappeared. Before You File: The Damage Is Often Already Done Most people come to us after months of…
Miss your 341 meeting, and your bankruptcy case can be dismissed before you even reach a discharge. Be prepared, and the questioning will usually be over in a few minutes. Here’s what happens at the meeting: who will be there and how to prepare. It Is a Meeting, Not a Court Hearing Every Chapter 7…
A Chapter 13 discharge does not wipe the slate clean. Some debts survive, no matter how faithfully you make payments for three to five years, and knowing which ones before filing changes how you build your case. Support Obligations Never Go Away Child support and alimony owed directly to a spouse or child are nondischargeable…
Georgia has just more than doubled the amount of home equity that can be protected in bankruptcy. If a lawyer once told you that you had too much equity to qualify for Chapter 7, this year that math has changed. What House Bill 1024 Changed Governor Brian Kemp signed House Bill 1024 into law on…
Every wallet, exchange account and hardware device holding cryptocurrency must be listed on your bankruptcy schedule. Bitcoin, Ethereum and NFTs are considered property under federal law, not currency, so trustees treat them accordingly. Leave one out and the consequences will fall on you, not on the coin. Cryptocurrency Is Property, Not Cash, Under the Bankruptcy…
Filing Chapter 13 in Georgia does not put your spouse’s name on the petition. It puts their pay stubs before the trustee. Georgia is a common-law property state, so a spouse’s debts generally stay separate. Once you file, however, the picture becomes more complicated quickly. Your Spouse’s Income Still Counts Toward the Means Test Bankruptcy…
Child support and alimony survive bankruptcy every time. No matter what chapter, filing strategy or clever reading of the divorce decree, they will not be erased. That one rule shapes almost every decision a Georgian makes about filing for bankruptcy, and it’s the first thing we explain to people when they walk in with a…
Most Chapter 7 cases in Georgia that go badly are damaged before the petition is even filed. A car has been signed over to a brother, a loan has been repaid to a parent, and a course certificate has expired. The trustee appointed to your case will find out about all of this, and by…
Chapter 13 bankruptcy provides a structured way to pay back what you owe, but not all debts work the same inside the plan. Some debts must be paid in full, some get paid pennies on the dollar, and some don’t get discharged at all, regardless of how long you make payments. Before filing, you need…
Trust in the team at Duncan Bankruptcy Law to handle your bankruptcy situation with care.
Duncan Bankruptcy Law has served the Augusta area for many years, helping individuals and businesses with Chapter 7 and Chapter 13 Bankruptcy. If you need help, don’t hesitate to get started with us today.
