Bankruptcy

Facing bankruptcy can feel overwhelming, but it is important to remember that it is a financial tool designed to give you a fresh start. While it will impact your credit score, there are steps you can take to rebuild your credit and move forward with your financial...

Filing for bankruptcy is a significant decision that can have long-lasting effects on an individual's financial situation. It is a legal process designed to help individuals and businesses eliminate or repay their debts, Here are some key indicators that may suggest...

If you are filing for bankruptcy in the state of Georgia you may have heard the term "bankruptcy trustee", but you may not know what that is or why they exist. What is a bankruptcy trustee? During a bankruptcy proceeding, the court will appoint someone to oversee and...

Bankruptcy is a court proceeding that involves examining your assets and debts. The court decides if you have the means to pay all, some or none of your debt. Filing bankruptcy is a serious step with long-term credit and financial consequences, so it should be used as...

When you are going through financial struggles as a parent, it can be even more difficult to manage the process than when you don’t have kids. As a parent of young children, you will want to give them everything that you never had, and you may use tactics such as...

If you are ready to finally be free from overwhelming debt, you should consider the options available to you. Massive action is usually needed to successfully get rid of your debt, especially if it has been growing for several years. You'll essentially need to make a...

When people start considering bankruptcy, they usually are in dire financial straits. Some people don't even think about bankruptcy until they get served with a lawsuit by one of their credit card companies or face repossession of their vehicle. Once people know that...

When considering bankruptcy, you may instinctively know that it could help you, but you may still feel a bit apprehensive about going through with it. The process makes you nervous. You don’t want to make any mistakes that you can’t take back. This is common, so rest...

If you are in a tough financial situation right now, you may worry about finding solutions to your quickly accumulating debt, especially if your income has recently taken a hit. While filing for bankruptcy could help you to address your debts in the short term, it is...

In Chapter 7 bankruptcy, there is an obligation for the individual filing to sell or liquidate some of their assets to repay their creditors. That obligation is why people also call Chapter 7 bankruptcy liquidation bankruptcy. Liquidation is a critical protection for...