Chapter 7 Bankruptcy

What are Bankruptcy Exemptions?

04/26/11

Exemption laws protect your property from creditors inside and outside of bankruptcy. In bankruptcy, exemption laws dictate what property you can keep and what property is subject to sale by the trustee. It is because of bankruptcy exemptions that many are able to eliminate debt in bankruptcy without losing any of their stuff. Exemptions vary [...]

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I have heard about certain debts that cannot be discharged? What are some examples?

04/22/11

When you receive a “discharge” under bankruptcy it means that you are no longer liable for your debts. This means you don’t have to pay them and a creditor cannot come after you anymore. However, there are some debts which are considered “nondischargeable” under bankruptcy law, meaning that you cannot discharge your liability on these [...]

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When Can Bankruptcy Stop Creditors From Taking My Property?

01/26/11

No doubt you have heard the terms “unsecured” and “secured” creditors? But what do these terms really mean? In reality, the concepts are quite simple. First off, a creditor is generally someone who is owed money. A common example is when you take out a bank loan. Here you owe the bank a certain amount…

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Common Questions Asked by the Bankruptcy Trustee at the Meeting of Creditors

01/26/11

Most of my Atlanta bankruptcy clients become concerned when they learn that they will have to make at least one Court appearance after filing their Chapter 7 or Chapter 13 bankruptcy case.   I am able to put most clients’ minds at ease by advising this brief overview of what questions to expect at the appearance.…

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5 Ways to Deal With the Stress of Bankruptcy

01/24/11

“I am an old man and have known a great many troubles, but most of them never happened.” Mark Twain To be sure, stress is a constant for many of us in this fast paced, high tech day and age. Pressure and anxiety are an expected part of many professions, including the practice of law.…

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How Long Does a Typical Chapter 7 Bankruptcy Case Last?

01/22/11

Typically, chapter 7 bankruptcy cases last between three and four months from the date the case is filed. The preparation for a chapter 7 bankruptcy case can be anywhere between one day and many months depending on a number of factors, including attorneys fees, document readiness etc. This post will deal with the chapter 7…

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Georgia Exemptions: What Can I Keep if I File Bankruptcy?

01/20/11

Understandably, a typical bankruptcy client fears that they will lose most of their property if they file for bankruptcy.  For my Atlanta bankruptcy clients, the good news is that a substantial portion of your real estate, personal property and retirement money is safe and sheltered from the reach of the Bankruptcy Court by virtue of…

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