For Georgia residents and others, 2023 has been a turbulent fiscal year. You might be one of millions of people across the country who have endured serious health problems, loss of income or other financial crises in the past several years. You might also be among...
Year: 2023
Did you receive a summons after filing for bankruptcy?
In Georgia, and throughout the United States, many people are struggling to stay afloat financially. If you’re among residents in this state whose total household income is below $40,000, you no doubt understand how difficult it can be to overcome even the slightest...
What is an automatic stay in bankruptcy?
Georgia residents and business owners will want to know what options are available to help them resolve debt. Some situations are more problematic than dire; for instance, a person might be struggling with credit card debt that is resolvable by adjusting spending...
Unveiling the mystery of Subchapter 5 bankruptcy
Many small business owners in Georgia are struggling to stay financially afloat as both global and domestic economies continue to fluctuate. In recent years, many small businesses closed, and some have been unable to recover after re-opening their doors. Chapter 11...
These debts are not dischargeable through bankruptcy
If you’re struggling to stay afloat financially, you are not alone; many Georgia residents and people throughout the country are currently experiencing similar issues. There are often debt relief options available, which can ease financial strain and help lay the...
Is bankruptcy your most viable option?
You’d be hard-pressed to find a household in Georgia right now that hasn’t experienced some type of economic stress in recent years. Throughout the state and across the country, many businesses have shut down, and families have been having a difficult time making ends...
Here’s what’s causing Georgia residents’ credit card debt
Many Georgia residents, as well as people in other states, have encountered serious financial problems in recent years. While some have been able to resolve their crises by generating more cash flow or cutting back on spending, others have determined a need to tap...
Difference between Chapter 7 and Chapter 13 bankruptcy
If you’re one of many Georgia residents who’ve been struggling to make ends meet at home or stay afloat in business over the past few years, you might cringe every time a bill arrives in the mail. Paying rent or a mortgage, buying groceries and covering expenses that...
Do you qualify for Chapter 7 bankruptcy?
Even if you owe a significant amount of debt, you may not consider bankruptcy as a reasonable option for you. Most people view bankruptcy as a negative process, and like others, you may assume that taking this step could have a negative impact on the rest of your...
What to expect from the bankruptcy process
After falling behind on your payments and accumulating a significant amount of debt, you could face various consequences that may affect multiple areas of your life. One of the most significant ways that debt can affect you is through debt collection efforts,...