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,...
Bankruptcy
Bankruptcy
What happens during the wage garnishment process?
Falling behind on your payments and accumulating a significant amount of debt is a frustrating process -- one that may be the result of factors far beyond your control. Medical bills, job loss, unexpected expenses and more could all lead to a debt burden that you...
How can bankruptcy help with overwhelming medical debt?
Medical care is expensive, and even those who have insurance may find that they owe thousands of dollars in medical bills after an emergency or unexpected medical need. Overwhelming medical debt can eventually begin to affect multiple areas of your life. You may find...
Past-due credit card debt can negatively impact your life
Like many Americans, you may depend on the use of credit cards for your daily purchases. Whether it’s paying for necessities, such as groceries, or you are using them to pay for nonessential items, reliance on credit cards can quickly become an issue that may affect...
The automatic stay: one of the benefits of bankruptcy
It is not easy to make the choice to file for bankruptcy. One of the reasons you may choose to seek the protection provided by this legal option is because you need a way out of your current financial situation. You may be overwhelmed by debt, behind on your payments...
What happens if you don’t pay your credit card bills?
Like other consumers, you may rely on your credit cards to pay your bills and make purchases. It is easy to simply make a payment without considering how this could affect your overall balance. You may find yourself in a position where you owe more on credit cards...
Should I file for bankruptcy before or after my divorce?
Divorce is a process that will result in significant financial adjustments for both Georgia spouses. You may have serious concerns about how this choice will impact your finances and future interests, particularly in terms of how you will deal with your share of...
Will I lose my property if I file for bankruptcy?
If you are struggling with your finances, you have probably thought more than once about seeking relief through bankruptcy. It is a difficult decision, especially if you know little about the process and are unsure of what to expect. In fact, the uncertainty of what...
Chapter 7 may not discharge these 7 debts
For many in Georgia and across the country, the cloud over the past few years seems to be lifting, and they are reclaiming their lives. Jobs are plentiful, and life is slowly returning to normal. However, not everyone is rebounding financially. Whether global events...
Can my creditors take my paycheck?
In this uncertain economy, you may find it is more and more difficult to make your paycheck stretch, and before you know it, you are delinquent on your obligations. Falling behind on your debt payments can place you in a tough position. Your creditors might take...