By Jeff Field | Published April 21, 2025 | Posted in Bankruptcy | Tagged Tags: bankruptcy, repayment plan | Leave a comment
There are many reasons why people love to travel even when they are dealing with financial challenges. In addition to the enjoyment of seeing new places, people might want to stay in touch with family members or assist a loved one during a medical crisis. Taking a trip can be costly though, so if you’re Read More
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Millions of Americans live paycheck to paycheck, which means that a temporary setback can have longstanding negative consequences. Under the right circumstances, Chapter 13 bankruptcy can serve as a financial lifeline for people who cannot catch up with their debt obligations despite the fact that they’re earning a steady income. In this type of bankruptcy, Read More
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Despite serious debt problems, some people are reluctant to seek bankruptcy protection because they are concerned about how filing might affect other areas of their life. An individual whose government or military position requires some form of security clearance may worry that obtaining financial relief could threaten their status at work. It’s important to know Read More
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Financial strain is one of the most commonly cited reasons for divorce in the United States. When one or both spouses are earning a steady income, a Chapter 13 repayment plan might be the best way for a couple to get their money issues and their relationship back on track. Chapter 13 bankruptcy involves a Read More
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Along with the traditional costs associated with owning a home, many people throughout Georgia and the rest of the United States also pay dues to a condominium or homeowners association (HOA). These groups are created to make residential communities better places to live by maintaining common areas and setting standards relating to home appearance and Read More
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A loved one’s passing is always sad, but there are instances where funds from an inheritance can relieve serious financial problems. However, a bequest could be more complicated than you think if you’ve recently filed for bankruptcy. If you’ve inherited, or will inherit, assets after seeking Chapter 7 bankruptcy protection, it’s important to understand how Read More
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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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Chapter 13 bankruptcy allows individuals to reorganize their debts and create a repayment plan that lasts three or five years. One key benefit is that it gives filers the chance to keep their homes while paying down what they owe to creditors. As long as they abide by the schedule set forth by the court, Read More
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Overwhelming debt can force individuals into very difficult decisions. Fortunately, bankruptcy gives many people the opportunity to stop creditor harassment and relieve their financial burden. For some people, this comes through a Chapter 7 debt discharge, while others opt for a Chapter 13 repayment plan. However, not all debts can be addressed through a bankruptcy Read More
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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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