Deciding to file for bankruptcy can be difficult. It is a complicated process that requires careful consideration and planning, especially when it comes to spending money. If you are considering bankruptcy, you may be wondering if it’s okay to spend money before filing. Here’s what you need to know: When Is It OK To Spend […]
One of the biggest concerns people have is how to protect assets from bankruptcy when filing. Bankruptcy offers several benefits to those who opt to file, but these benefits are in exchange for turning control of assets over to the bankruptcy court and the trustee appointed to the case. The trustee has the power to […]
401k and Bankruptcy A 401k retirement savings plan is one of the primary ways people save for the later years in their life when they won’t be working. It allows you to automatically put money into savings gradually. The deposits are tax-deferred and in most cases, a portion is matched by your employer. It’s easy […]
Don’t Have Your Bankruptcy Dismissed Bankruptcy results in either discharge of debts or dismissal. In Chapter 7 discharge occurs within a few months. In Chapter 13, some debts are discharged after three to five years of payments. Organization and discharge of debt is always the goal when someone files for bankruptcy. Unfortunately, if things don’t […]
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 […]
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 […]
Bankruptcy is a major life changing event. Though it might not seem like it at first, it is a positive step in the right direction. It’s a commitment, not only to yourself to build a brighter financial future, but to the bankruptcy court and your creditors. And like all big commitments, there are guidelines and […]
