Anyone in serious debt may deal with a variety of emotions on a daily basis: embarrassment, regret, and anger. When faced with debt collectors, who may constantly hound a debtor to pay an old debt, people often experience fear. They may even stop answering their phone, out of fear of receiving yet another debt collection […]
Car loans, mortgages, student loans, as well as other loans and expenses that you have, may make it difficult to afford necessities for a decent quality of life. Bankruptcy can be a frightening concept, but knowing what options are out there can help bring peace of mind and long-term financial success. There are many different types […]
Across the United States, millions struggle with medically-related expenses and find themselves in debt. Healthcare costs are comparatively higher today than they were the last 50 years and the price of health insurance is increasingly rising with larger premiums and fees paid “out-of-pocket”. Georgia Watch, a non-profit entity that functions as a consumer advocate, said […]
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 […]
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 […]
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 […]
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A Guide to Bankruptcy in Georgia
Helping People Get Out of Debt
