By Jeff Field | Published June 23, 2025 | Posted in Chapter 7 | Tagged Tags: bankruptcy, debt, Income | Leave a comment
Georgia 2025 Median Income Amounts for the Chapter 7 Bankruptcy Means Test
The first step in determining whether Chapter 7 bankruptcy is the best solution for your debt problems is to see if you are eligible for this type of relief. Not everyone has the legal ability to discharge their debts. First, you must see if you qualify under the means test, which is a formula that Read More
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What Happens to a Personal Injury Settlement in a Chapter 7 Bankruptcy?
Chapter 7 bankruptcy allows a filer to discharge their debts and move forward on a solid financial foundation. During this legal process, the appointed trustee might sell some of the filer’s assets and use the proceeds to pay part of what they owe to creditors. This is referred to as liquidation. However, certain types of Read More
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Supreme Court Deciding Whether Pre-Bankruptcy Payment to IRS Can Be Considered a Fraudulent Conveyance
Significant payments that are made before a bankruptcy filing frequently raise suspicion and often must be returned. Funds that are sent to one creditor prior to a bankruptcy petition could present an unfair disadvantage to others. For this reason, the trustee typically voids these transactions. Recently, the U.S. Supreme Court heard arguments about whether a Read More
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Government Video Shows How a Chapter 7 Creditors Meeting Is Conducted
When people struggling with debt consider filing for Chapter 7 bankruptcy, the part of the process that often creates the most anxiety is the creditors’ meeting. This is sometimes referred to as the “341 meeting” based on the section of the Bankruptcy Code that discusses this conference. The good news is that these meetings, conducted Read More
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How Can Holiday Gift-Giving Affect an Upcoming Bankruptcy Filing?
During the holiday season, it’s easy to get caught up in the gift-buying frenzy. Many people at all income levels end up spending more than they had originally planned. If you’re considering filing for bankruptcy, it’s essential to approach gift-giving thoughtfully. You might be inclined to splurge on one last round of presents before seeking Read More
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Data Shows the Types of Household Debt Contributing to Bankruptcies in 2024
Burdensome debt is a reality for many American households. This is particularly true in Georgia, which has had one of the five highest bankruptcy rates in the United States over the past couple of years. Several types of household debt impose financial pressure on individuals and families. Understanding the specific obligations that threaten your well-being, Read More
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Discharging a Personal Loan Through Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy can offer significant relief to individuals overwhelmed by debt. However, if you’re considering taking this step, you should first discuss your situation with an experienced bankruptcy lawyer. There are numerous different types of debts, some of which can be discharged in a Chapter 7 proceeding, and others which cannot. Before Read More
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Stubbornly High Interest Rates Contributing to Increase in Bankruptcies
Increases in bankruptcies during 2023 and 2024 can be attributed to several factors. Millions of Americans relied on various government programs that provided economic relief for the duration of the COVID-19 pandemic. As the United States returned to normal, these initiatives expired, causing financial hardship to many who benefited from them. Though the pace of Read More
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More Chapter 7 Hardship Discharges Being Granted for Student Loans
For years, student loan debt has been a serious burden for countless Americans, often preventing them from achieving financial stability and pursuing their dreams. While traditional bankruptcy relief has been notoriously difficult to obtain for student loan borrowers, a perceived shift in how education debt is treated may be offering new hope. You might have Read More
Read MoreGiuliani’s Bankruptcy Case Shows Importance of Full Disclosure
After a Georgia defamation lawsuit resulted in a $148 million verdict against him, former New York City Mayor Rudolph Giuliani sought bankruptcy protection, claiming that he lacked the resources to pay the judgment and other debts. The fact that he owes such a large amount of money makes it easy to understand why he sought 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
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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