Bankruptcy

Bankruptcy can be a complicated process, but it is beneficial for individuals who are struggling with debt. It offers a structured path to financial stability for individuals who otherwise would have struggled to get there. One key aspect of the bankruptcy process is automatic stay. The automatic stay is a powerful legal tool that immediately…

Bankruptcy can be a helpful tool to provide relief for individuals and businesses who are in severe debt. It allows them to either eliminate their debts or create a repayment plan through bankruptcy court. However, there are lots of misconceptions surrounding bankruptcy that individuals should be aware of. In this blog, we will debunk some…

Bankruptcy can be a difficult process to navigate, especially on your own. If you are navigating through Chapter 7, Chapter 13, or Chapter 12 bankruptcy, you may be appointed a bankruptcy trustee to help manage your case. A bankruptcy trustee might review financial documents, oversee the distribution of assets, and overall ensure your bankruptcy case…

Owning a small business can be very costly, as it can be hard to compete with big companies. If you are struggling financially with your business, it is important to know that bankruptcy is an option. Bankruptcy can help you get a fresh start for your business or liquidate your assets for closing. In this…

Filing for bankruptcy can be a stressful process, especially when your home is on the line. A homestead exemption is a law that protects a portion of your home’s value from being taken away by creditors or during the bankruptcy process. This helps ensure you can keep your home even if you are having financial…

In Georgia, Chapter 7 bankruptcy allows you to discharge unsecured debt and partially repay creditors by liquidating select assets. The initial way to determine your qualification for Chapter 7 is by the means test. The test compares your household income to the median income for a household of the same size in Georgia. If your…

If you are in Georgia and facing foreclosure, it is important to understand that time is of the essence when it comes to saving your home. Fortunately, there are options available to you. In fact, what most Georgia homeowners do not realize is that bankruptcy can not only help them stop the bank from taking…

Generally, when a couple is struggling with financial problems, filing for bankruptcy may be an opportunity for them to get a fresh start. However, if the couple is also contemplating a divorce, they need to understand how filing for bankruptcy can impact the divorce process.   Divorce and Bankruptcy: The Overview  When going through a divorce…

There are many myths surrounding bankruptcy in Georgia. Unfortunately, these false narratives can cause extensive harm by spreading incorrect information and creating unnecessary fear around the process. It is crucial to debunk these myths so that people can make well-informed decisions about their financial future. In the guide below, we will clear up some of…