Blog | Bankruptcy | Law Office Of Jeffery B. Kelly Georgia, Rome

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Types of Bankruptcy

By Jeffrey Kelly | October 15, 2018
Types of Bankruptcy

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 […]

Medical Debt Relief

By Jeffrey Kelly | October 11, 2018
Medical Debt Relief

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 […]

Student Loans in Chapter 13 Bankruptcy

By Jeffrey Kelly | October 4, 2018
Student Loans in Chapter 13

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 […]

How is the Chapter 7 Trustee Paid?

By Jeffrey Kelly | September 27, 2018
Chapter 7 Trustee

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 […]

What Property Will I Lose in Bankruptcy?

By Jeffrey Kelly | September 24, 2018
Property Loses in Bankruptcy

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 […]

How long does Bankruptcy stay on your Credit Report?

By Jeffrey Kelly | September 22, 2018
Credit Report

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 […]

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