Generally, when a couple is struggling with financial problems, filing for bankruptcy may be an opportunity for them to get a fresh start. However, if the couple is also contemplating a divorce, they need to understand how filing for bankruptcy can impact the divorce process. Divorce and Bankruptcy: The Overview When going through a divorce…
There are many myths surrounding bankruptcy in Georgia. Unfortunately, these false narratives can cause extensive harm by spreading incorrect information and creating unnecessary fear around the process. It is crucial to debunk these myths so that people can make well-informed decisions about their financial future. In the guide below, we will clear up some of…
Filing for bankruptcy can be a challenging and intricate process, with numerous procedures and terminology that may be unfamiliar to many people. That is why, in the below guide, we will dive into some of these terms to help you gain a better comprehension of their meanings and how they might relate to your specific…
If you are struggling with unbearable debt, you may have considered filing for bankruptcy in Georgia. However, before you proceed with these options, there are some steps you may want to take to better help you understand if bankruptcy is the right choice for you and your loved ones. 1. Figure Out How Much…
Bankruptcy is a legal process that individuals or entities go through when they are not able to pay their outstanding debts. This legal process helps to reduce or eliminate these debts and keep bill collectors away. However, filing for bankruptcy is not an easy decision, as it can have serious financial consequences and result in…
In these uncertain economic times, it is not uncommon for businesses in Georgia to struggle financially and even face collapse. However, while some small business owners may view bankruptcy as a failure, it could actually be a hidden opportunity. Different Types of Bankruptcies for a Business in Georgia There are two types of bankruptcy options…
If a court order directs your employer to send a percentage of your check directly to a specific creditor, you will no longer have control of your income or be able to provide input on how you want your bills to be paid. You will also lose privacy when it comes to these personal issues…
Bankruptcy can remain on your credit report for several years. While this may seem like bad news, the reality is that those filing for bankruptcy in Augusta may already have a reduced credit score, and filing will not significantly impact it further. More importantly, pursuing bankruptcy can actually provide individuals with an opportunity to start…
Filing for bankruptcy in Augusta is never an easy choice. Not only do many people find it challenging to face the social stigma that comes with filing for bankruptcy, but they also tend to feel embarrassed after filing and worry about what others will think of them. However, if you are going through this, know…
Filing for bankruptcy is a complicated undertaking that can have severe implications for your future and finances. What’s more, even if you file for bankruptcy in Augusta, it is not guaranteed that all your debts will be wiped clean. That is why if you are thinking about bankruptcy, consider first discussing your options with an…
