Recent Blog Posts

When to File for Chapter 7 Bankruptcy Instead of Chapter 13

There’s a reason Chapter 7 is the most common type of personal bankruptcy: It’s a lot faster than Chapter 13, it doesn’t require filers to pay back a portion of debt and, contrary to popular myth, it allows most people to keep their possessions.  So what’s the biggest drawback to Chapter 7? Not everyone will… Read More »

Preventing Debt: How Young Adults Can Better Manage Finances for Life’s Big Moments

When you look at the cost of buying a house, purchasing a new car, or planning a wedding, it’s no wonder so many young adults are in debt: Life’s biggest moments are also the most expensive! But while taking on debt with each of life’s major milestones has become the American way, it’s not necessarily… Read More »

What Does it Cost to File for Bankruptcy?

It’s true that everything costs money these days and, oddly enough, so does filing for bankruptcy. Regardless of your specific financial situation, there are a few fees that are unavoidable when filing a claim. The first cost you’ll run into is the filing fee, which can be rather substantial. In Georgia, it costs $306 to… Read More »

Americans Still Struggling to Pay Off Debt, Says New Study

The economy may be on the upswing, but consumer finances are still down in the dumps. In a recent survey by Bankrate.com, 36 percent of Americans reported that their top financial priority is simply to stay current or get caught up on bills. For 20 percent, the main goal is to pay off overwhelming debts… Read More »

Myths and Truths About Chapter 7 Bankruptcy

There is a significant stigma attached to bankruptcy that leads people to believe that filing a claim means that one is either poor or irresponsible with finances. In addition, common misconceptions tend to follow that bankruptcy leads to forfeiting everything you own or that you are somehow gaming the system to your advantage. These are… Read More »