By Jeff Field | Published May 20, 2024 | Posted in Bankruptcy | Tagged Tags: assets, bankruptcy, credit status | Leave a comment
Filing for bankruptcy is a financial decision that can provide relief for individuals overwhelmed by debt. However, it’s natural to wonder about the long-term consequences, particularly regarding credit status. One of the most common questions asked is: how long does bankruptcy stay on your credit report, and how does it impact your ability to obtain Read More
Read MoreYour ability to keep your vehicle while filing for Chapter 7 bankruptcy in Georgia depends on whether you are covered under the state’s motor vehicle exemption. Equally important is whether you are making payments on the car and can continue to make those payments. You can keep your car when you file for Chapter 7 Read More
Read MoreA Chapter 13 bankruptcy allows you to reorganize your debts and partially pay them off according to a court-approved plan, which can last three to five years. That plan is based on your assets and projected monthly income and how much of those resources you can devote to debt repayment. But what if you receive Read More
Read MoreOn May 26, the U.S. Supreme Court issued a ruling in Wellness International v. Sharif, a case that will have major implications for bankruptcy law throughout the nation. The court decided Article III does not prevent judges in bankruptcy cases from issuing final judgment on claims that only attempt to augment the bankruptcy estate and Read More
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