Car being towed

What Happens to My Car in a Georgia Bankruptcy?

To answer this question, we must first explain a secured creditor and a bankruptcy exemption. What is a Secured Creditor? A secured creditor is a creditor that holds collateral for the debt you owe. For example, a creditor that holds a lien on your vehicle to secure the money you borrowed from the creditor is […]

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Georgia Refirmation agreement

What is a Reaffirmation Agreement?

A reaffirmation agreement is a contract between a debtor and creditor that waives the discharge of a debt in a pending Chapter 7 bankruptcy proceeding.  The debt is one that would otherwise be discharged in the bankruptcy.  With a reaffirmation agreement, however, it is agreed by both parties that the debt will remain active.  The […]

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Filling for Bankruptcy

Filing Bankruptcy Due To Medical Bills in Georgia

If you’re considering filing bankruptcy due to medical bills in Georgia you’re not alone. According to NerdWallet Health medical bills are the number one reason why people file bankruptcy across the US. Medical bankruptcy doesn’t just affect people without medical insurance. Even people who have good insurance coverage can end up with huge medical bills […]

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Can I keep my retirement account if I file bankruptcy?

The good news is that for the most part, your 401(k) and other qualified retirement accounts are protected in bankruptcy. Traditionally, retirement accounts are almost always protected from creditors and are considered “exempt” when a bankruptcy is filed. An “exemption” in a bankruptcy just means that the asset is safe from the clutches of the […]

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Can I file Bankruptcy Twice?

If you are struggling with debt and have previously filed a bankruptcy case, you might wonder if or how long you have to wait before you can file for bankruptcy again. Great news! You can file for bankruptcy as often as you like. However, the bad news is that there are time limits on how […]

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Chapter 7 Actions

There are many events that can drive a person or couple into bankruptcy, but it usually involves financial devastation and an inability to keep current on payments for necessities such as housing and food. People often find themselves not making payments on one thing, so that they can make payments on another. Most people believe […]

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Filing for Chapter 7 Protection in Georgia

Filing a bankruptcy action is not a step that people take lightly.  A decision often involves a careful weighing of options and a determination that a person, or couple, needs the economic clean slate that bankruptcy can provide.  Often, a traumatic life event, such as a medical emergency, divorce, or job loss, has prompted the […]

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