By Jeff Field | Published April 29, 2024 | Posted in Bankruptcy, Bankruptcy Exclusions, Business Bankruptcy | Tagged Tags: bankruptcy, commencement, liabilities, tax proceedings | Leave a comment
How the Automatic Stay in Bankruptcy Provides a Safe Haven
When debt becomes overwhelming, filing for bankruptcy can offer the debtor a fresh start. One of the most powerful aspects of bankruptcy is the automatic stay that immediately takes effect upon filing a bankruptcy petition. The stay acts as a shield against creditors, giving the debtor a much-needed refuge. These are the principal benefits of Read More
Read MoreHow Can I Get Debt Relief from a Creditor who is Garnishing My Wages?
Although not all creditors can or will garnish your wages, when you owe debt, aggressive creditors can do so. They must follow a specific process, but unscrupulous creditors may take advantage of consumers who are unaware of their rights. Athens Chapter 7 bankruptcy lawyers keep you informed of your rights and protect you along the Read More
Read MoreGeorgia’s Bankruptcy Property Exclusions
One of the most common misconceptions about bankruptcy is that it requires you to turn over and sell everything you own to get a discharge of your debts. However, in addition to the fact that liquidation bankruptcy under Chapter 7 is only one of several types of bankruptcy available to individuals and businesses, even under Read More
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