Today, student loans are one of the most crippling debts that college graduates have accrued. Often, it’s not the amount of the original loan that causes difficulty with repayment but the punishing interest rate on the loan combined with stagnant wages. Recent reports show that it’s not just students who face student loan difficulties. Parents […]
Student Loans in Chapter 13 Bankruptcy Read More »
Chapter 7 is just one of the options available when dealing with bankruptcy. In comparison to a Chapter 13, a filer under a Chapter 7 bankruptcy does not create a plan of repayment. It is often referred to as a straight bankruptcy because it does not require additional steps. In a sense, it gives the
How is the Chapter 7 Trustee Paid? Read More »
The major factor that plays a role in what property you may lose when filing for Bankruptcy, is the type of bankruptcy you file: Chapter 7 or Chapter 13. If you file Chapter 7 bankruptcy, you may lose some property and personal belongings that are not exempt. In short, you will lose property you cannot
What Property Will I Lose in Bankruptcy? Read More »
Filing for bankruptcy can be both terrifying and liberating. Many people fear that negative information reported to the three credit bureaus will outweigh the immediate benefits of debt relief. Although bankruptcies may appear for up to 10 years on your credit report, it is possible to make significant steps to rebuild your credit in the
How long does Bankruptcy stay on your Credit Report? Read More »
Bankruptcy is a powerful tool under federal law that lets families and individuals get back on their feet after dealing with debt. Many people assume that, in order to get this fresh start, they need to give up everything they own, down to the last penny. Fortunately, this is not true. While bankruptcy is governed
Federal Bankruptcy Exemptions Read More »
Credit card debt can be eliminated over time by managing your money, controlling your spending and consulting with a credit counselor among other tactics. Nobody wants to be in credit card debt but luckily there are many options available to help you get out of debt. The Fair Credit Act allows you to see what
How to Eliminate your Credit Card Debt? Read More »
Chapter 7 bankruptcy provides an opportunity for individuals to resolve some or all of their debt, including auto loans and leases. For those who own a car, surrendering it could help to eliminate some debt, improving your financial circumstances. However, there are a few key things to learn about the process. How Can Chapter 7
Should I Surrender My Car in Chapter 7? Read More »
Data from the American Bankruptcy Institute for 2017 shows there were 44,407 bankruptcies in Georgia. After having your debts discharged in a bankruptcy you may begin to turn your focus to rebuilding your financial wellness. Rebuilding your credit is a process that will take time. Financing an automobile is one of the more likely ways
Car Loan After Bankruptcy Read More »
According to Experian, roughly 20% of current auto loans are considered to be subprime. These loans are geared for those with poor credit and have high interest rates. The best course of action for handling an existing auto loan as you approach bankruptcy requires that you and your attorney evaluate your specific circumstances. Assuming that you require a vehicle
Getting Out of a Car Loan Read More »
According to a recent report from WSAV NBC News in Savannah, the amount of credit card debt among U.S. consumers has now reached approximately $1 trillion. Data from CNBC goes further too also include debt stemming from mortgages, student loans, and vehicle loans, which roughly totals $13.15 trillion. This is the fifth year in a row that household debt has
Debt Consolidation vs Bankruptcy Read More »