For years, lawmakers have been trying to implement better standards for Chapter 13 bankruptcy plans that ensure the process is consistent throughout the country. The goal was to make the filing process simpler and more consistent. On December 1, 2017, that effort finally went into effect, but many believe it failed to achieve its stated […]
Filing for Chapter 7 bankruptcy can be a great way to make a fresh start with your finances. And for many people, the experience is relatively stress-free. Once they work up the nerve to file they realize it wasn’t as bad as many believe, and within a matter of weeks they are working their way […]
Chances are if a creditor has received a judgement against you, you’ve been struggling with your finances for a while. But like many people, you might’ve ignored the problem hoping it would go away, or you didn’t realize the severity of your situation. A judgement means the court has gotten involved and found in favor […]
Foreclosure can be one of the most frightening experiences of your life. The good news is you aren’t alone. There are people on your side who are there to help you deal with your financial situation and possibly even remain in your home. The most important thing you can remember if you are facing foreclosure […]
Most people considering bankruptcy worry about how filing will affect homeownership and their mortgage. But what if it’s a second mortgage causing you concern? Are second mortgages handled the same as primary mortgages in bankruptcy? What’s the Point of a Second Mortgage? People get second mortgages for a variety of reasons. Sometimes it’s to ease […]
Life doesn’t always work out as you intend it to. For many college graduates, their dreams of securing an education so they are able to get a high-paying job fell apart after they graduated. They entered “the real world” only to find out their job opportunities were not as bright as they’d hoped and their […]
Anyone filing for bankruptcy is likely to consider his or her situation an emergency. Deciding to file is a big decision that takes time, but if you’re like most people, once you commit to filing for bankruptcy you’re ready to move forward as quickly as possible. Unfortunately, the bankruptcy court is unlikely to move with […]
When you file for bankruptcy the court assigns a trustee to your case. This is the person responsible for making sure your creditors get what you owe them. He or she is knowledgeable about the bankruptcy process and can get things completed efficiently, but as much as a trustee might seem supportive or like a […]
There are plenty of things you need to do if you are thinking of filing for bankruptcy in Georgia, but there are also several things you shouldn’t do, too. The days, weeks, and months leading up to filing for bankruptcy are crucial, and the actions you take and do not take during this time can […]
You have a lot to think about when filing for bankruptcy, and in many cases, you’ll have even more to consider if you are married. One of the biggest challenges faced by those filing for bankruptcy when they are married is how filing will affect their marriage. The good news is there are tools available […]
