By Jeff Field | Published January 12, 2026 | Posted in Bankruptcy | Tagged Tags: bankruptcy, debt, loan | Leave a comment
Bankruptcy and SBA Loans
Many budding entrepreneurs require some assistance corralling the capital needed to get a new venture off the ground. No matter how promising the concept, financial institutions are often wary about lending funds based on projected commercial revenues. Frequently, a loan backed by the Small Business Administration (SBA) is the answer. These loans, partially backed by Read More
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Change to Income-Driven Student Loan Repayment Plans Could Lead to Increase in Bankruptcies
Student loan debt has been one of the main drivers of personal bankruptcies for decades. One reason for this is the federal law that prohibits the discharge of these obligations in Chapter 7 bankruptcy unless the filer can show that repayment would pose an undue hardship on them. Various programs have been developed to address Read More
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Can Bankruptcy Affect Your Home and Auto Insurance Premiums?
Depending on your specific situation, bankruptcy might be the best way to overcome the debt challenges that are making it impossible for you to live the life you want. When you speak with an experienced bankruptcy attorney, they can explain options such as a Chapter 7 debt discharge or a Chapter 13 repayment plan. Many Read More
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Red Flags that Might Draw the Suspicion of a Bankruptcy Trustee
Once you file for bankruptcy under Chapter 7 or 13, the court will appoint a trustee to oversee your case. The trustee is responsible for ensuring fairness and accuracy so that the interests of creditors are protected. As part of their fiduciary role, they review and verify a filer’s financial disclosures, and can investigate if Read More
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Liquidation of Dr. Phil’s TV Channel Ordered After Deletion of Text in Bankruptcy Case
Financial troubles can strike anyone, even the rich and famous. Bankruptcy is often the best way to overcome unmanageable personal or business debt, but no matter who you are, honesty and adherence to court orders are essential for those seeking a successful resolution. Dr. Phil McGraw has been a prominent television personality for decades. He Read More
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What Is the “Best Interest of the Creditors” Test in a Chapter 13 Bankruptcy?
Before filing for bankruptcy, you should speak with a knowledgeable lawyer to discuss the options available to you. For some, a Chapter 7 proceeding is the best solution because you can discharge nonexempt debts and make a fresh start. On the other hand, a Chapter 13 repayment plan might be the right choice, particularly if Read More
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Can a Bankruptcy Threaten a Filer’s Professional License?
Many people who would benefit greatly from bankruptcy protection hesitate to seek relief because of misconceptions about the process and what it means. Bankruptcy is not a punishment, but a powerful legal tool used to help individuals and businesses whose debts have become unmanageable. People from all walks of life and every type of profession Read More
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What Happens to HSA Funds in a Chapter 7 Bankruptcy?
Many Americans rely on a health savings account (HSA) to help address their medical costs. An HSA allows participants in high-deductible insurance plans to accumulate money that can cover various medical expenses. These accounts are portable and do not expire at the end of the year. When HSA funds are used for qualified expenses, they Read More
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As Georgia Considers Legalizing Sports Betting, Researchers Probe Link to Higher Bankruptcy Rates
Since the Supreme Court cleared the way for states to legalize sports betting in 2018, a majority of jurisdictions have done just that. Georgia has not, though state legislators have discussed the possibility of a voter referendum on this subject in the next couple of years. Anyone who watches sports on television can recognize the Read More
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Saving Family Heirlooms in a Bankruptcy
Chapter 7 bankruptcy gives people with serious money problems the chance to discharge their non-exempt debts and make a new start without being hassled by creditors. This can be life-changing for many individuals and families. However, there is the possibility that certain assets owned by a Chapter 7 filer will be liquidated. This means that Read More
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5.0/5.0Great process. Detailed communication provided resources for rebuilding. Would recommend!
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5.0/5.0
I had an excellent experience working with my bankruptcy attorney. From the very beginning, they were professional, knowledgeable, and compassionate. Filing bankruptcy can be overwhelming, but they took the time to explain every step of the process, ...
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5.0/5.0
I had a great experience using Jeff Field and Associates for filing my Bankruptcy. Everyone was very professional and helpful. Connie Adams was so knowledgeable and patient with all of my questions I’m so glad that I chose this law firm and would r...
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5.0/5.0
Great experience from start to finish. The process was smooth and stress-free, and Ms. Connie was amazing throughout—very helpful, professional, and supportive. I truly appreciate all the guidance and would highly recommend this firm.
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5.0/5.0
I'm just finishing up 5 years of bankruptcy, and I honestly don't know how I would've done it without this Group. Everyone was super professional every time I reached out with questions, and they were always there to answer them. I eve...
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