Georgia's largest bankruptcy filer | 770 488 9302
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.
When you are ready to rebuild your credit, a number of strategies will help get you back into solid financial shape. When you are barely able to make minimum payments on your credit cards, filing for bankruptcy will give you a fresh start with creditors. While some debts, such as back income taxes and student loans won’t be erased in a bankruptcy, you’ll be able to rid yourself of the burden of most other types of debt. Once you file for bankruptcy, you can begin working on rebuilding your credit one step at a time.
Choosing to go through the process of bankruptcy was likely a very difficult decision but now you have the opportunity to start new. The New Year is a great time to create new habits and ensure you get started on the right foot financially. Use these tips to help you accomplish your financial goal after bankruptcy this year.
If you find yourself in mounting debt that you are not able to take control of, you may be considering liquidating your retirement savings in order to get rid of the debt. While this may seem like a simple solution to get back on your feet, you should take precautions for a number of reasons before you decide to empty out your retirement to cover your current debt.
When finances are out of control and unpaid bills become overwhelming, people may consider filing for bankruptcy. The truth about bankruptcy is that it can provide debt relief in many situations and help people to get their lives back on track. A qualified bankruptcy attorney will guide clients through the process of filing the necessary paperwork and attending court hearings. Unfortunately, there are some misconceptions about bankruptcy that can prevent individuals from getting the help they need. Let’s clear up a few of these issues.
For some people, bankruptcy leads to divorce and vice versa. Dealing with both at the same time may seem like an impossibility but there are tricks you can use to make both go a bit smoother. Before you file for either, consider these situations and decide which is the best option for your situation.
The new year provides you with an opportunity to make a fresh start on your finances. If you’re going into the new year with debt, it’s important to take steps to reduce it as much as possible. Use the following tips to stay on track financially in 2017 while getting rid of debt and not acquiring more.
If your wages are garnished from your paycheck or you are facing the possibility of wage garnishment, you should know your rights to ensure that the right amount is being deducted. There are federal regulations that outline how much can be garnished from your paycheck. So how much is allowed to be deducted from your check for wage garnishment?
The holidays can be very costly and many people go into debt as a result. If you are not wanting to avoid this risk, we recommend creating a budget and sticking to it all season. That can be easier said then done but if you follow these five tips, you can be successful and not occur any more debt at the end of the holiday season.
Click here to read more »
Click on the green button to schedule online:
Or have us contact you by filling out the form below:
