By Jeff Field | Published February 28, 2021 | Posted in Bankruptcy, Chapter 7 | Tagged Tags: CARES Act, chapter 7 bankruptcy, debt forgiveness, means test | Leave a comment
How Chapter 7 Can Provide a Fresh Start During the Pandemic
How Chapter 7 Can Provide a Fresh Start During the Pandemic The coronavirus pandemic has had devastating financial effects on many families as a result of widespread job losses, business curtailments and company closures. If you have become burdened with overwhelming debt during these harsh times, a Chapter 7 bankruptcy may offer you the fresh Read More
Read MoreFinancial Strategies During the COVID Economic Crisis
Financial Strategies During the COVID Economic Crisis As a result of stay-at-home orders, job losses and business closures, the coronavirus pandemic has caused many families to suffer significant economic hardship. While filing for bankruptcy may be an option, there are also a number of financial strategies you should consider that can help you tackle your Read More
Read MoreUsing Chapter 13 to Deal With Overdue Taxes
Using Chapter 13 to Deal With Overdue Taxes The general rule in bankruptcy is that tax debts are not dischargeable. While a Chapter 13 repayment plan can stagger repayment of taxes over a three- to five-year period, it cannot wipe out all tax debts. However, there are exceptions. The test for dischargeability is whether a Read More
Read MoreWhat to Do If You Fail the Chapter 7 Means Test
What to Do If You Fail the Chapter 7 Means Test In order to file for bankruptcy protection under Chapter 7, you must be able to show that your average monthly income for the six months prior to your bankruptcy filing is below the median income for a household of your size in your state. Read More
Read MoreOptions to Consider Before Filing for Bankruptcy
Options to Consider Before Filing for Bankruptcy If you’re dealing with the stress of carrying burdensome debt, being harassed by collection agencies and knowing that the money coming in is not going to cover all the bills that come due, you may be considering bankruptcy. However, it’s important to keep in mind that a bankruptcy Read More
Read MoreWhat Is the Trustee’s Role in a Chapter 7 Bankruptcy?
What Is the Trustee’s Role in a Chapter 7 Bankruptcy? A trustee is a court-appointed officer charged with managing a Chapter 7 bankruptcy case. The trustee’s principal role is to act as the bankruptcy court’s agent, insuring compliance with the law and protection of the debtor’s and creditors’ rights. In practice, the trustee, who is Read More
Read MoreHow a Trustee or Creditor Can Oppose Your Chapter 13 Plan
Chapter 13 is a court-approved restructuring of debt that requires you to commit to a repayment plan that will last for three to five years. However, the plan you propose is not effective until the bankruptcy judge approves it after a confirmation hearing, at which creditors and/or the appointed bankruptcy trustee can raise objections. The Read More
Read MoreHow Much Must Creditors Be Repaid in a Chapter 13 Plan in Georgia?
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 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
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5.0/5.0The staff made a very stressful situation much easier to cope with. They treated me with kindness and respect. Chris and Laura are very professional and knowledgeable.
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5.0/5.0The Entire team at Jeff Field and Associates were so helpful throughout the entire process. They were quick with responses and handled everything. They dont make you feel bad about your decision, and provide very helpful advice. Mr. Fields was always...
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We started our process in October 2021, the process was fast and easy. Casey Brown was there to answer questions via email expeditiously. In 3 months our case was discharged and we are extremely thankful and excited for the future. This truly was a...
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I enjoyed working with Jeff and his team. They were always there to help and answer any questions that I had in a timely manner. I highly recommend Jeff Fields and Associates.
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This attorney made a very difficult situation much easier. Everyone treated me compassionately and with respect. The attorney and staff are very professional and knowledgeable. They were always available to answer questions and just lead me through t...
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