By Jeff Field | Published November 30, 2019 | Posted in Bankruptcy | Tagged Tags: automatic stay, chapter 13, chapter 7, garnishment | Leave a comment
After a creditor has obtained a judgment, the creditor may seek an order allowing garnishment of the debtor’s wages. If approved, this remedy generally allows a creditor to take up to 25 percent of the debtor’s disposable weekly earnings, which consist of gross pay after taxes, social security, state unemployment insurance, and employee retirement contributions. Read More
Read MorePeople in financial straits sometimes opt for a Chapter 13 bankruptcy, which lets them keep their property while they pay off either all or a reduced portion of their debt over time. Although it affords some relief, a Chapter 13 plan still puts pressure on debtors to repay. However, there is a way for them Read More
Read MoreIf you are behind on your monthly bills and feel you are drowning in debt, filing for a Chapter 7 bankruptcy can give you a fresh start. Simply put, a Chapter 7 forgives most of your debts while allowing you to keep some of your property and to rebuild your creditworthiness. As attractive as this Read More
Read MoreUnfortunately, putting together a bankruptcy plan is not always as easy as writing it down and getting a judge to approve it. In some cases, the judge has the right to reject a plan, as was highlighted in a recent U.S. Supreme Court case. In the case, the Supreme Court ruled against a Massachusetts man Read More
Read MoreIf you are unable to afford your payments under a Chapter 13 bankruptcy repayment plan, you may have the ability to convert your case into Chapter 7 bankruptcy instead, unless you already received a Chapter 7 discharge at any time in the last eight years. The process of converting your case is relatively simple; however, Read More
Read MoreThe answer to your question is an emphatic YES. While the prospect of losing your home can be overwhelming, competent, qualified Athens bankruptcy lawyers with experience in Georgia foreclosures can help you understand your options. The first option you have when you receive a foreclosure notice is to contact your lender directly and see what Read More
Read MoreMany people fear going into bankruptcy because they believe that they will lose everything they own and be out on the street relying on the charity of strangers. It isn’t that bad. It is important to remember that the purpose of a bankruptcy proceeding is to help you wipe the slate clean and move forward Read More
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