By Jeff Field | Published March 2, 2026 | Posted in Bankruptcy | Tagged Tags: bankruptcy, chapter 7, debt | Leave a comment
If you’re unable to meet your debt obligations, reaching out to a bankruptcy lawyer might start you on the path back to financial freedom. Many people in Georgia and across the United States opt for a Chapter 7 proceeding, which allows filers to discharge their nonexempt debts. This is a powerful solution, but is not Read More
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Tough financial times can prompt someone to revise longstanding plans in order to make ends meet. When creditors are calling and no other potential solutions seem available, you might be tempted to tap into your retirement assets rather than filing for bankruptcy. Though this might seem like a reasonable decision, it can have serious negative Read More
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One of the main reasons why people file for Chapter 13 bankruptcy is because they want to save their homes. Under this form of bankruptcy, filers can catch up on their mortgage obligations and repay other debts through a plan based on their income and expenses. When borrowers submit their proposed repayment plan, their mortgage Read More
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With so much attention on enforcement of immigration laws, individuals seeking United States citizenship through the naturalization process and other green-card holders might wonder if they are eligible to obtain bankruptcy protection. Fortunately, this form of relief from overwhelming debt is available to non-citizens. According to federal law, anyone who resides, or is domiciled in Read More
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Serious debt problems don’t just harm one’s financial status. More than 70 percent of Americans experience stress over money issues according to the American Psychological Association, and if you’re facing harassing calls from creditors, the pressure can seem relentless. Fortunately, bankruptcy offers a legal and lasting solution to many people struggling with burdensome debt. There Read More
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People in a tight financial situation often patronize rent-to-own businesses when they need something for their home but cannot afford paying the entire price upfront. Whether someone is looking for furniture, a major appliance or something else, they might be willing to pay high interest rates in order to complete their purchase over an extended Read More
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A Chapter 13 bankruptcy requires strict adherence to the terms set forth in the repayment schedule. Depending on the circumstances, a debtor might have additional obligations besides sending the ordered amount to the trustee every month. For example, courts sometimes require people with a history of tax problems to set aside money for post-petition obligations. Read More
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Many budding entrepreneurs require some assistance corralling the capital needed to get a new venture off the ground. No matter how promising the concept, financial institutions are often wary about lending funds based on projected commercial revenues. Frequently, a loan backed by the Small Business Administration (SBA) is the answer. These loans, partially backed by Read More
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Student loan debt has been one of the main drivers of personal bankruptcies for decades. One reason for this is the federal law that prohibits the discharge of these obligations in Chapter 7 bankruptcy unless the filer can show that repayment would pose an undue hardship on them. Various programs have been developed to address Read More
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Pressing debt concerns such as money owed to credit-card companies or healthcare providers can often be alleviated by filing for Chapter 7 bankruptcy. In most cases, these types of debts can be discharged if the filing party qualifies under the means test and abides by legal directives. However, certain debts cannot be eliminated through a Read More
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