By Jeff Field | Published July 30, 2020 | Posted in Bankruptcy | Tagged Tags: chapter 13, repayment plan | Leave a comment
How Much Must Creditors Be Repaid in a Chapter 13 Plan in Georgia?
Chapter 13, also known as a “wage earner’s plan,” is a popular alternative to traditional bankruptcy for people who simply need breathing room to deal with crushing debt. Chapter 13 bankruptcy allows debtors to keep their possessions and pay back creditors a percentage of their arrearages over a period of three to five years. What’s Read More
Read MoreWhat Happens When Only One Spouse Files for Bankruptcy in Georgia?
The experienced Georgia bankruptcy lawyers at Jeff Field & Associates help married couples understand the possible positive and negative outcomes of filing for Chapter 13 or Chapter 7 bankruptcy.
Read MoreAbout Mandatory Credit Counseling for Bankruptcy Filing in Georgia
Declaring bankruptcy is a course of action that should not be taken lightly. While it can be a troubled debtor’s best path to a healthier financial future, there may less extreme forms of debt relief that should first be pursued, such as renegotiating and restructuring. In recognition of the importance of considering such alternatives, federal Read More
Read MoreIs Your Small Business Considering Chapter 11 Debt Reorganization Due to the Pandemic?
With small businesses facing crushing losses due to pandemic-related closures, many are struggling to keep going. For some, low-interest loans and new tax credits will provide enough sustenance to survive the crisis, depending on how long the slowdown lasts. Others might find that reorganizing their debt load through Chapter 11 bankruptcy is the best option Read More
Read MoreHow the COVID-19 Pandemic Affects Your Pending Bankruptcy Proceeding
Every part of the country has been affected by the coronavirus. Like restaurants, arenas and other locations where people assemble for business or pleasure, most courts have been closed. If you are in the midst of a bankruptcy proceeding, your case might be delayed, handled telephonically or be otherwise disrupted due to the pandemic. Furthermore, Read More
Read MoreWhat Property Can the Georgia Wildcard Exemption Protect?
Bankruptcy is designed to give troubled debtors a fresh start. One of the ways it does that is by allowing debtors to hold onto some of their most valued and necessary possessions. Known as exempt assets, they are not included in the bankruptcy estate and cannot be sold or repossessed by a lender to cover Read More
Read MoreCould the COVID-19 Pandemic Lead to the End of Medical Bankruptcy?
In the middle of an election year where healthcare is already a hotly debated issue, the COVID-19 pandemic has stirred further discussion about whether major changes are necessary. During the Democratic presidential primary, the concept of Medicare for All split the candidates. While the candidate who promoted that concept has since dropped out of the Read More
Read MoreBankruptcy Can Provide Immediate Help for Struggling Debtors During the COVID-19 Crisis
Millions of Americans have been left unemployed as companies close their doors or reduce operations due to the coronavirus pandemic. While protecting public health and saving lives remain the utmost priorities, this is cold comfort for people struggling to meet their living expenses without an income. However, there are legal remedies that you can turn Read More
Read MoreDoes a Prior Chapter 7 or Chapter 13 Bankruptcy Block a Second Filing?
Georgia sees more bankruptcy filings than almost any other state, significantly exceeding the national average. This has been attributed to a combination of factors, among them state laws that protect creditors and leave consumers vulnerable and other laws that make it easy for people to seek debt relief in court. In such an economic environment, Read More
Read MoreUsing Chapter 13 Bankruptcy as a Remedy for Mortgage Foreclosure
If you are in danger of losing your home to foreclosure, filing for Chapter 13 bankruptcy may be a smart, strategic move. It puts an automatic stay in place to prevent creditors from trying to collect owed payments. This stay also temporarily pauses the foreclosure process or prevents it from being initiated. As long as Read More
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I had an excellent experience working with my bankruptcy attorney. From the very beginning, they were professional, knowledgeable, and compassionate. Filing bankruptcy can be overwhelming, but they took the time to explain every step of the process, ...
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I had a great experience using Jeff Field and Associates for filing my Bankruptcy. Everyone was very professional and helpful. Connie Adams was so knowledgeable and patient with all of my questions I’m so glad that I chose this law firm and would r...
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