Georgia's largest bankruptcy filer | 770 488 9302
If you’re a resident of Georgia considering filing for bankruptcy, you’re not alone. Each year thousands of people in the state go through the process. The district that includes the city of Atlanta has one of the highest rates of bankruptcy in the nation, with about half the filings being for Chapter 7.
Before you file for bankruptcy, there are several things you should be doing. Bankruptcy can solve many debt problems, but it’s a serious decision that deserves adequate time and attention. For more information about bankruptcy, contact Clark and Washington.
When it comes to the number of times you’re allowed to refile bankruptcy in Georgia, there are no restrictions unless the court order states one. However, if your debts were dismissed in a previous bankruptcy, you must wait a specific amount of time before you can file again.
One component of bankruptcy that many people get confused about is what can and cannot be discharged from their debts. The common misconception is that all debt is discharged and this is simply not the case. The types of debt that can be discharged have a lot to do with the type of bankruptcy. Chapter 7 bankruptcy is the type of bankruptcy that has to do with discharging debts instead of simply paying them down. Before you file Chapter 7 Atlanta, you need to know if your debts are able to be removed from your record.
Once you have filed for bankruptcy and your case has been closed, you may find yourself relieved but also scared about what comes next. Now that you have removed debt, you are still stuck with a bankruptcy on your credit and your credit score has likely gone down. It takes time to rebuild your credit but that doesn’t mean it will happen on its own. There are things you will need to do after your Atlanta bankruptcy so start rebuilding credit. Use these 7 steps to help get your credit back on track.
Many people are scared of the word “bankruptcy” but it can actually be something that can change your entire life around. There are many different reasons that people choose to file for bankruptcy and it is not something to be ashamed of. These are some of the most common reasons people choose to file for bankruptcy that we have come across.
Bankruptcy all by itself can be complicated and confusing. However, there are two different kinds of bankruptcies and many people can easily confuse the two. At the same time, many people do not fully understand the process because of myths and misconceptions. Chapter 7 Bankruptcy can definitely help you get the fresh start you are dreaming of but if you want to best possible outcome, then you need to know some of the basics as well as little known facts about it. Here are just a few facts about Chapter 7 bankruptcy you may not yet know.
Losing your finances usually occurs over time, and that’s why it is useful to take a good look at your finances every month. When you are beginning to feel stressed every month trying to pay your bills, there are usually explanations for your lack of money at the end of the month. Here are 5 signs that indicate you are losing control of your finances.
Click here to read more »
Once you have completed a bankruptcy, it’s going to take some time to start building up your credit again. Credit cards that are available to you once your credit has been ruined are going to have high interest rates and low limits. You’ll have to start with secured credit cards, which come in a variety of options but which are designed to help you build up your credit.
Credit cards can be a convenience when used in moderation. Unfortunately, many people are tempted to use credit cards to purchase things they can’t really afford. Then they get caught up in a never-ending cycle of just making the minimum payment each month. They don’t pay off the balance, and the interest keeps accruing. Over a period of time, this becomes a financial nightmare. Out of control credit card debt is one of the primary reasons people file for Chapter 7 bankruptcy. Better money management can help avoid the pitfalls of excessive credit card debt.
While bankruptcy may be the best possible step to take given your own personal situation, there is no denying that it will make certain things more difficult for the immediate future. Case in point: while it is not impossible to buy a car after bankruptcy, the process does require you to keep a few very important things in mind.
It should come as no surprise that massive medical bills are one of the primary reasons that people declare bankruptcy in the United States. However, it’s important to understand that not all types of debt are created equally. Some debt can easily be discharged when you file, while with others it isn’t so simple. If you’re considering filing bankruptcy for medical reasons, there are a few key things you’ll need to be aware of.
One of the most important things to understand about bankruptcy is that it is a process filled with implications before, during and after you file. Chief among them is what to do about your taxes – namely, do you file your tax returns before you file for bankruptcy, or do you hold off? The answer to that question requires you to keep a few key things in mind.
Credit reports contain critical information for our lives and careers, yet most Americans don’t fully understand them. The following guide will help you make sense of your report, gaining the knowledge for financial success.
Bankruptcy may not always be a viable option when you are trying to deal with your finances. If your debts are mainly back taxes and student loans, you won’t be able to discharge those debts in bankruptcy. Your best choice is to start organizing your finances, and develop a plan to start paying back your secured debts one step at a time.
If you have recently had your debt discharged in a bankruptcy but you are still getting calls from debt collectors, first you must see if the creditor was properly notified of the bankruptcy. If the creditor was not informed of the bankruptcy, then they can’t get into trouble for trying to collect on the debt. Once they receive notification of your bankruptcy proceedings, they are no longer able to call you to try and collect the debt. Click here to read more »
As tax season rolls around, it’s important to know what you can deduct from your taxes to ensure you are only paying what you have to. While many people simply take the standard deduction and don’t itemize their taxes, this doesn’t mean you don’t have other things you can deduct. This tax year it’s time to pay attention to some of your costs that you can deduct, even when you take the standard deduction on your taxes.
When filing a Chapter 7 bankruptcy, there are certain items that can and can’t be discharged. Having a thorough understanding of what can be included in a Chapter 7 bankruptcy will help you make an educated decision about whether this is the type of bankruptcy that is best for your particular situation.
If you are falling further and further behind on your credit card payments and other bills, you may be considering filing for bankruptcy. If you have a cosigner on your auto loan and you don’t want to hurt the credit of your cosigner, you may be able to protect your cosigner by filing a Chapter 13 bankruptcy. A cosigner is a person who is also liable for the loan you took out, simply because they were willing to risk their credit on your behalf.
Not being able to make your Chapter 13 plan payments can be distressing. What options do you have? Is there anything you can do to help get you over this hurdle without jeopardizing your payment plan? It’s possible that if you get behind on your payments, your trustee or creditor could request a dismissal of your bankruptcy case.
