By Jeff Field | Published July 1, 2024 | Posted in Bankruptcy, Chapter 7 | Tagged Tags: bankruptcy, chapter 7, debt | Leave a comment
Debt Issues Leading More Seniors to File for Bankruptcy
In recent years, there has been a notable increase in the number of seniors filing for bankruptcy across the United States. This trend underscores the financial challenges faced by older adults and highlights the complexities of planning for retirement amidst economic uncertainties. Traditionally, many individuals in their sixties and beyond could rely on pensions that Read More
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How to Manage Your Finances During Your Chapter 13 Bankruptcy
Chapter 13 is a type of bankruptcy that allows you to gain protection from creditors while repaying a portion of your outstanding debt monthly over an extended period of time. For the three- or five-year duration of the repayment plan, the court allows you a set amount to live on and a court-appointed trustee divides Read More
Read MorePros and Cons of Reaffirming a Debt in a Chapter 7 Bankruptcy
A Chapter 7 bankruptcy offers a fresh start by relieving a debtor of most or all financial obligations to creditors. Although non-exempt property can be liquidated during the process, there may be some property the debtor wants to keep, such as real estate or a vehicle. Reaffirming a debt on such property can be a 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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What Happens at the Creditors’ Meeting After You File for Chapter 7?
A Chapter 7 bankruptcy is a powerful legal remedy that, if successful, discharges most or all of your debts. However, your creditors have the right to object. Soon after you file for Chapter 7 bankruptcy, you will be required to attend a creditors’ meeting, the purpose of which is to verify the accuracy of the Read More
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How Are Chapter 13 Plans Structured and How Are Payments Calculated?
If you’re experiencing burdensome debt but are skittish about declaring bankruptcy, Chapter 13 is an alternative that may be right for you. Unlike a Chapter 7 bankruptcy — in which many of your debts may be discharged but at the cost of losing much of your property — Chapter 13 allows you to pay off Read More
Read MoreOptions 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 filing will have a significant impact on Read More
Read MoreDo You Have to Be Completely Broke to File for Bankruptcy?
The idea that you need to be flat broke to seek bankruptcy protection is a misconception. The amount of money you make and the amount of debt you have are not the sole factors that determine whether or not you should file for bankruptcy. However, although there is not a minimum amount of debt required Read More
Read MoreShould You Max Out Credit Cards if You Plan on Filing for Bankruptcy Soon Anyway?
Should You Max Out My Credit Cards Before Filing Bankruptcy In Georgia? You should not max out credit cards before filing bankruptcy in Georgia. Purposefully maxing out credit cards prior to filing can be fraud and have your case thrown out of court, lead to fines, or even get you jail time. Here is what Read More
Read MoreConverting a Bankruptcy Proceeding from Chapter 13 to Chapter 7
If you are unable to afford your payments under a Chapter 13 bankruptcy repayment plan, you may have the ability to convert your case into Chapter 7 bankruptcy instead, unless you already received a Chapter 7 discharge at any time in the last eight years. The process of converting your case is relatively simple; however, Read More
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5.0/5.0Jeff Fields and staff made the bankruptcy exp. Worth doing thanks for your service.
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Hands down I’ll definitely recommend everybody here if they are filing for bankruptcy. I just wanna thank y’all for everything yall did for me.
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Jeff and Chase were great to work with. I was able to get answers to financial questions that I had. Service was quick and stress free! I would recommend them to anyone that needs help with their financial situation.
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What can I say??? This process was smooth as ever. I spoke with an attorney in December just to get information on how the process works he explained and went over every question I could think of. We spoke again in March and got the process started a...
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**Real review** I was extremely nervous filing a chapter 7 and going the bankruptcy route. You hear so many negative stories regarding following bankruptcy. However, I can honestly say this was the best decision I've made for my financial situation. ...
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