WHAT IS A DISCHARGE IN BANKRUPTCY? Generally, a bankruptcy discharge is the desired objective when you file a bankruptcy case, whether it is a Chapter 7 or Chapter 13 bankruptcy. A bankruptcy discharge eliminates your personal liability for debts listed in the bankruptcy petition. By eliminating your personal liability for the debt, you are no…
DetailsWage garnishment is a tool used by creditors to collect any unpaid debts through the court system. If you have unsecured debts, like credit cards or medical bills, these creditors are limited as to their ability to collect these debts if you refuse. The most powerful remedy available to them is to file suit against…
DetailsYou may be wondering what life will be like after your bankruptcy discharge has been granted by the court. Will you ever be able to own a home or get a credit card? The answer is yes! You can rebuild your credit if you’re diligent with your spending and you take the right steps. Chapter…
DetailsDon’t let misguided assumptions about a Chapter 13 bankruptcy keep you from filing bankruptcy in Georgia. Here are a few assumptions about Chapter 13 and the actual truth. Chapter 13 won’t save your home from foreclosure. This is a common myth about Chapter 13 and it’s totally false. Homeowners who are facing foreclosure often prefer…
DetailsBANKRUPTCY AND THE CORONA VIRUS Although the two subjects could not seem more different, they are, unfortunately related. In addition to the horrible physical and emotional toll that this disease is inflicting across the country and around the world, it is also ravaging our national and personal economies as governments attempt to constrain the virus…
DetailsMY BANKRUPTCY AND MY SPOUSE One of the first questions married individuals contemplating bankruptcy ask me is how their bankruptcy will affect their spouse. And like any good attorney, I answer, “It depends.” In this case, it depends on whether you and your spouse have joint debt. Joint debt is defined as debt for which…
DetailsChapter 7 Bankruptcy Savannah Attorney A Chapter 7 Bankruptcy is an effective way to eliminate credit card, medical and other debts which are generally described as “Unsecured.” However, not all debts are eliminated in a Chapter 7 Bankruptcy and there are several requirements which must be satisfied to qualify for a Chapter 7 Bankruptcy. Unlike…
DetailsWe’ve all experienced it; that heightened sense of anxiety when the time comes to pay the bills and try to make the ends meet. Sometimes, they don’t. Sometimes you have to rob Peter to pay Paul and discover that Peter’s broke. When that happens, a Chapter 13 bankruptcy may be the right answer. Like a…
DetailsWait! Wait! Don’t Touch That IRA! When your debts start to mount and your income is drying up, you start to shake the sofa cushions for loose change and break into the kids’ piggy banks. You do what you gotta do, right? And then you remember that you have an IRA (or 401K or pension,…
DetailsKEEP THE ASSET, KEEP THE DEBT Frequently clients will tell me that they want to include certain debts in their bankruptcy petition but exclude other debts. I have to remind them that bankruptcy doesn’t really work that way. One of the fundamental principles of bankruptcy is that all of a person’s debts must be listed…
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