By Jeff Field | Published June 23, 2025 | Posted in Chapter 7 | Tagged Tags: bankruptcy, debt, Income | Leave a comment
Georgia 2025 Median Income Amounts for the Chapter 7 Bankruptcy Means Test
The first step in determining whether Chapter 7 bankruptcy is the best solution for your debt problems is to see if you are eligible for this type of relief. Not everyone has the legal ability to discharge their debts. First, you must see if you qualify under the means test, which is a formula that Read More
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Can a Gig Worker Qualify for Chapter 13 Bankruptcy?
Over the years, many people have referred to Chapter 13 bankruptcy as the “wage earner’s plan” because it provides debt relief based on the income that a filer is expected to earn. During this legal process, a repayment schedule lasting three to five years is carefully created so that filing parties can bring down their Read More
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Does a Parent’s Bankruptcy Affect a Student’s Ability to Obtain Financial Aid?
When parents face financial difficulties while they’re also considering how to fund higher education for their children, it can be very frustrating and confusing. With the annual cost of attendance at some universities approaching $100,000, numerous families rely on substantial financial aid. Exactly how much is available in a given situation depends on a seemingly Read More
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What Happens to a Personal Injury Settlement in a Chapter 7 Bankruptcy?
Chapter 7 bankruptcy allows a filer to discharge their debts and move forward on a solid financial foundation. During this legal process, the appointed trustee might sell some of the filer’s assets and use the proceeds to pay part of what they owe to creditors. This is referred to as liquidation. However, certain types of Read More
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Bankruptcy Inquiries Increasing, Filings Might Surge in Summer
Nothing is certain when trying to predict what will happen in the American economy, but research shows that reasonable conclusions can be made by examining specific data points. One potential way to anticipate trends in bankruptcy filings is to see how many people are going online to research debt-relief methods and seeking information from attorneys Read More
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How Are Subscription Services Like Netflix Treated in a Chapter 7 Bankruptcy?
Over the last decade or so, many of us have shifted more of our budget to subscription services, where a fee is automatically deducted from our credit card or bank account, usually on a monthly basis. This trend is probably most associated with home entertainment and music providers, such as Netflix, Hulu Amazon Prime and Read More
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Issues Related to Travel Before and During the Bankruptcy Process
There are many reasons why people love to travel even when they are dealing with financial challenges. In addition to the enjoyment of seeing new places, people might want to stay in touch with family members or assist a loved one during a medical crisis. Taking a trip can be costly though, so if you’re Read More
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Early Chapter 13 Payoffs and “100 Percent” Bankruptcies: Benefits and Risks
Millions of Americans live paycheck to paycheck, which means that a temporary setback can have longstanding negative consequences. Under the right circumstances, Chapter 13 bankruptcy can serve as a financial lifeline for people who cannot catch up with their debt obligations despite the fact that they’re earning a steady income. In this type of bankruptcy, Read More
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Does Bankruptcy Affect a Government or Military Security Clearance?
Despite serious debt problems, some people are reluctant to seek bankruptcy protection because they are concerned about how filing might affect other areas of their life. An individual whose government or military position requires some form of security clearance may worry that obtaining financial relief could threaten their status at work. It’s important to know Read More
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Options for When a Divorce Occurs During a Chapter 13 Repayment Schedule
Financial strain is one of the most commonly cited reasons for divorce in the United States. When one or both spouses are earning a steady income, a Chapter 13 repayment plan might be the best way for a couple to get their money issues and their relationship back on track. Chapter 13 bankruptcy involves a Read More
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I highly recommend them the did a great job with my case and made the steps very easy they worked with me every step of the way on completing all my paperwork highly recommended them
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A few months ago, I had to file for bankruptcy, and this team made the whole process so smooth. They answered every single question I had and walked me through everything step by step. Honestly, all I had to do was sit back and let them handle it; Th...
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An exceptional bankruptcy attorney—professional, compassionate, and highly knowledgeable. They guided me through every step with clarity and confidence, easing my stress. I truly felt supported and well-represented. Highly recommend their services ...
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I was referred to Jeff Field by a co worker my experience with them was effortless after initial contact everything else flowed well. I was able to ask questions, and received answers immediately. Everything was done by email and over the phone very ...
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