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Bankruptcy Archives

How do I find legitimate credit counseling?

If you are someone with deep debt issues, watch out. There are many parties out there who will claim to solve your financial issues with their credit counseling services. However, some counselors are not legitimate and may try to scam you. Anyone who is looking for a reputable Georgia credit counselor should be aware of what makes a credit counseling agency legit.

Will you lose your house if you file for bankruptcy?

As a Georgia resident who is currently dealing with increasingly overwhelming debt, you may be thinking about whether filing for bankruptcy may give you the fresh financial start you need. You may, too, be wondering how doing so could potentially affect some of your most sizable assets, such as your home. Ultimately, whether you will lose your home when you file for bankruptcy depends on several factors, among them the type of bankruptcy protection you choose to pursue.

Credit health after bankruptcy

There can be many reasons that people in Georgia avoid filing for bankruptcy, even when they cannot find any other way out from under a mounting pile of debt. One of the concerns commonly held by consumers is the fear that they may never be able to get credit again if they go through a bankruptcy. This is simply not true. Post-bankruptcy, people can get credit cards, automobile loans and even mortgages if they take the proper steps.

How are Chapter 7 and 13 different?

If you are considering filing for bankruptcy in Georgia, one of the first decisions you will need to make is whether to file Chapter 7 or Chapter 13. It is a good idea to familiarize yourself with both options. It may also help to look at the specific differences. This can help you to better understand which option will be the best choice for you.

Dispelling common bankruptcy myths

If you live in Georgia and feel as if your finances are spiraling out of control, you may be weighing your options and trying to determine whether bankruptcy may help you find the fresh start you need. While the process can sometimes prove complicated, the amount of misinformation out there surrounding the process can convolute matters even further, making it difficult to separate fact from fiction. At Harris and Hartman Law Firm, P.C., we recognize that many misconceptions surround the bankruptcy process, and we have helped many people facing similar situations make educated decisions about their finances.

How long does it take to pay off a Chapter 13 bankruptcy?

Filing for bankruptcy carries a popular stigma that the filer was irresponsible with his or her finances. For this reason, many people do not want to be in bankruptcy any longer than they have to. Once bankruptcy is over with, they want to rebuild their credit as soon as possible. Anyone in Georgia who is considering filing for Chapter 13 bankruptcy should have a good idea of how long they will need to take to pay off their debts.

Will banks and lenders always know I went bankrupt?

The end result of exiting personal bankruptcy is that you discharge debts that are crushing your finances and perhaps even come out still owning your Georgia home or vehicle, but now you wonder if your credit will forever be tainted by your time in bankruptcy. While you can expect your bankruptcy to remain on your credit report for some time, according to Nerdwallet, it is not permanent.

You do not need to be embarrassed about filing for bankruptcy

There are a number of emotions that you and other Georgia residents may experience in the period leading up to your decision to file for personal bankruptcy – despair, uncertainty and shame may be among them. You might also feel a sense of hope that your financial troubles are about to end. However, at the Harriss and Hartman Law Firm, P.C., we have found that most people who file for bankruptcy have negative feelings about the event. They might feel ashamed or guilty that they are taking this route to get out of debt.

How do I know when to file for bankruptcy?

If you suddenly find yourself out of a job or with less income in the Rossville area, you might panic when you realize your debts are piling up. You may have also fallen behind on your mortgage and car note. Though you are working hard to keep up with the minimum payments, you need to know when it is time to throw in the towel and consider bankruptcy. 

How can I prevent issues with my bankruptcy case?

Filing for bankruptcy in Rossville is one of the most important decisions you might ever have to make in your life. Though it seems like a good solution for your current financial problems, you should not rush into it. In order for you to benefit from bankruptcy, you need a good understanding of the behaviors that lead to you being in this situation.