By Jeff Field | Published November 15, 2022 | Posted in Bankruptcy | Tagged Tags: bankruptcy exemptions, homestead, property | Leave a comment
What Property Can You Keep When You File for Bankruptcy?
The myth that you lose everything if you file for bankruptcy is exactly that, a myth. In reality, bankruptcy filers in Georgia usually get to keep most or all of their important items by declaring them exempt from creditors under state law. If an item qualifies for an exemption, the item cannot be taken by Read More
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7 Things to Do to Make Your Bankruptcy Go Smoother
If you’re contemplating filing for bankruptcy, you may be worried that it will be a hard process that takes a long time to get through. As experienced Georgia bankruptcy lawyers, we’re here to tell you there is no reason to panic. Yes, bankruptcy can be a complex process, but you have the ability to do Read More
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How Fraudulent Transfers Can Frustrate Your Bankruptcy Case
Some bankruptcy filers attempt to shield some of their assets by transferring them to other people. They give away assets or sell them at nominal prices to family members, or friends. Unfortunately, moving assets around shortly before filing for bankruptcy can be deemed fraudulent transfers or fraudulent conveyances. They can be discovered and undone by Read More
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Making Sure Your Chapter 13 Payments Go Into the Right Hands
In a Chapter 13 Bankruptcy, also known as reorganization, the debtor agrees to a court-approved plan to repay a portion of his or her outstanding debts. Eligible creditors are paid specified amounts over the life of the plan, which is three to five years. However, in devising Chapter 13 plans, there are many opportunities for Read More
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How Credit Card Companies Can Challenge Debt Discharge
Credit card debt is one of the financial issues that can push a borrower into filing for bankruptcy. However, federal law allows a creditor to challenge discharge of a particular debt by claiming it was obtained by “false pretenses, false representation, or actual fraud.” Credit card companies have two primary strategies for raising such challenges. Read More
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Can You File a Chapter 7 Without Affecting Your Spouse?
Married couples often file joint bankruptcy petitions. In many cases it makes perfect sense for both spouses to liquidate (Chapter 7 bankruptcy) or reorganize (Chapter 13 bankruptcy) their debts. However, it is possible for only one spouse to declare bankruptcy and under certain circumstances, it is in the couple’s best interests to do so. One Read More
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What a Bankruptcy Attorney Can Do That You Probably Can’t
Individuals filing for bankruptcy have the right to represent themselves. Some people are tempted to do so, reasoning that bankruptcy consists of simply filling out forms. However, in most cases, going into bankruptcy without an attorney is a risky course of action. According to recent statistics, people who file Chapter 7 bankruptcy petitions through legal Read More
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Bankruptcy Abuse Prevention Law Can Limit Discharge of Credit Card Debt
The purpose of bankruptcy is to give financially overwhelmed individuals a fresh start and the chance to repair their credit. Many types of consumer debts can be discharged (canceled) in bankruptcy, including personal loans, medical bills, past due utility charges and, quite commonly, credit card accounts. In fact, much of the debt in Chapter 7 Read More
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Are IRAs Exempt From Creditors During Chapter 7 Bankruptcy?
In a Chapter 7 bankruptcy (also known as “liquidation”), a court-appointed trustee is tasked with collecting and selling the debtor’s assets and using the proceeds to pay the creditors. However, the trustee cannot take everything. The debtor can legally retain ownership of certain assets, in whole or in part. These bankruptcy exemptions include various forms Read More
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Proving “Undue Hardship” to Discharge Student Loan Debt
Americans are now burdened by $1.75 trillion in student loan debt. That’s twice as much as the $856 billion Americans owe on credit cards. Not surprisingly, a large number of people who file for bankruptcy have student loan debt. Unfortunately, only about 1 percent of them even try to get that debt discharged. Part of Read More
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5.0/5.0Jeff Fields and Associates in Athens, GA are the best! I met with Mr. Fields and he was very professional and understanding. I felt bad because I had to file bankruptcy, but he made me feel better. He told me to not feel bad because life happens. His...
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5.0/5.0Just received my discharge! It feels surreal. Jeff Field's office, Jeff himself, and Casey were incredible with working on my case and answering all of my questions (Trust me, I had a lot of them). This is such a sensitive thing to go through and the...
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Jeff Field & Associates law firm absolutely rocks! The extra miles delivered from both Mr. Sleeper and Ms. Brown were simply top notch. They literally treated me like I was their only customer and responded timely to any question(s) i may have had wi...
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Excellent and professional service! Very dependable and effective! Highly recommended! Mr. Jeff Fields and his team provided services with a positive attitude and guided our family throughout the entire process.
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My husband and I have been very pleased with Jeff Field & Associates. The team has been very professional. They also did an excellent job communicating with us each step of the way. This was extremely helpful due to not quite understanding everything...
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