Category Archives: Bankruptcy
4 Tips for Rebuilding Credit After Bankruptcy
Thinking of filing for bankruptcy to eliminate overwhelming debt? You’re not alone. These days, more than one million Americans find debt relief through bankruptcy each year. Fallout from the recession has left countless U.S. families drowning in debt. But there may be a silver lining: The tough economic times have helped shatter previously-held myths about… Read More »
How Long Should I Wait Before Filing for Bankruptcy?
It’s a myth that struggling consumers knowingly spend beyond their means. On the contrary, debt has a tendency to sneak up on most people little by little, day by day. Often times, you don’t notice how large debts have become until they’ve grown far beyond what you can reasonably repay. Just as it’s difficult to… Read More »
Can Bankruptcy Help Debtors Achieve the American Dream?
Could the American Dream really be just a dream? For the first time in generations, today’s Americans won’t be better off than their parents, a status once considered a marker of success in the United States. In a recent poll by CNN Money, nearly 60 percent of respondents said they feel the American Dream is… 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 »
How Long Does the Bankruptcy Process in Georgia Take?
With the average Chapter 7 bankruptcy taking between 100 and 180 days and the average Chapter 13 bankruptcy taking about 3-5 years, people often wonder why filing for bankruptcy in Georgia is such a lengthy process. The truth is that there are a lot of time-specific waiting periods and deadlines that must elapse at multiple… Read More »