When is the best time to file for bankruptcy? The decision to file for bankruptcy is not an easy one, but it can provide a fresh start and a chance to rebuild your financial future. If you find yourself asking, “When should I file for bankruptcy?”, it might be time to talk to a …
Listing your debt is an essential part of filing for bankruptcy. And it’s equally important to know when a bankruptcy claim is contingent, unliquidated, or disputed. Here’s why. While bankruptcy claims, in most cases, are very straightforward, figuring out the amount you owe to a creditor can sometimes be challenging. The claim could depend on …
When is a Bankruptcy Claim Contingent, Unliquidated, or Disputed? Read More »
Whether you apply for Bankruptcy Chapter 7 or Chapter 13, you will eventually deal with the issue of non-exempt property. Understanding what property is exempt and what property is not exempt can affect your bankruptcy case. Don’t be left wondering about this vital aspect of the bankruptcy filing. Keep reading for an introduction to non-exempt …
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When someone goes to a bankruptcy law firm and asks for advice, it is often quite surprising to hear them say, “I’m not sure which Chapter I qualify for?” or “Will my debts be wiped out?” or “Do I have to disclose assets?”. In response to these often asked questions, this article will discuss the …
So you want to file bankruptcy, but you aren’t sure if Chapter 7 or 13 is right for you? It is not unusual for people with debt problems to wonder which kind of bankruptcy case they should file, either Chapter 7 or Chapter 13. The truth is that there are many factors involved in answering …
Declaring Bankruptcy in Rome, GA There are different types of bankruptcy, each with a set of advantages and disadvantages. A Chapter 7 liquidation, for example, is generally ideal for those dealing with credit card bills, medical bills, and personal loans. A Chapter 13 reorganization, on the other hand, is often apt for those with assets …
Click Here for the Podcast Version of this Post / How in the world could rising equity in real estate cause financial problems for the owner? I know it sounds super strange but I will explain how it is happening. I have been practicing consumer bankruptcy since 1998 and I have never seen a real …
Click Here for the Podcast Version of this Post / “I should have done this years ago but my pride would not let me” said a client recently. Eventually, after the debt grew so large that creditors started filing garnishment actions, she finally pulled the trigger. After she signed the court papers with me, she said, …
Click Here for the Podcast Version of this Post / How will filing bankruptcy affect my cosigner? The short answer is that you filing bankruptcy will damage your cosigner’s credit. How much damage? You won’t know until after you file. Most bankruptcy attorneys will not tell you this truth. I recently engaged in a Facebook …
Click Here for the Podcast Version of this Post / A few weeks ago, I was at a large hardware store and watched a young father and his 3 year old son walk into the store. I was in the lightbulb section and they walked up next to me. The father let go of the …