Recent Posts in Chapter 7 Category
Posted on May 18, 2016 By Vincent Faucette, Alicia Faucette
Many clients who file Chapter 7 bankruptcy are faced with the decision of whether to enter into a reaffirmation agreement with a secured creditor, such as a car finance company or mortgage lender. So ...
Continue reading "WHAT DOES IT MEAN TO REAFFIRM A DEBT? WHAT IS A REAFFIRMATION AGREEMENT?" »
Posted on Jun 22, 2015 By Alicia Faucette
There are some potential clients who would like to file Chapter 7 bankruptcy, but can't due to circumstances such as a previous Chapter 7 discharge within the last 8 years or too much disposable ...
Continue reading "WHAT IF I'M INELIGIBLE FOR A CHAPTER 7 DISCHARGE?" »
Posted on Jun 10, 2015 By Alicia Faucette
Many potential clients wonder if they should file Chapter 7 bankruptcy when they "only owe a few creditors." The answer to this question depends on the amount of debt owed and how aggressive ...
Continue reading ""SHOULD I CONSIDER FILING CHAPTER 7 BANKRUPTCY IF I ONLY OWE A FEW CREDITORS?"" »
Posted on May 14, 2015 By Alicia Faucette
There are some potential clients who, for various reasons, find themselves in need of bankruptcy relief again after having previously received a bankruptcy discharge. These clients often wonder if and ...
Continue reading "Can I File For Chapter 7 Bankruptcy Again If I Received a Bankruptcy Discharge In The Past?" »
Posted on Apr 30, 2015 By Alicia Faucette
When researching Chapter 7 bankruptcy options, one will often come across the term "discharge." The term is often associated with the fresh start that Chapter 7 bankruptcy provides. So what ...
Continue reading "WHAT IS A CHAPTER 7 DISCHARGE AND ARE THERE ANY DEBTS THAT CAN'T BE DISCHARGED?" »
Posted on Apr 27, 2015 By Alicia Faucette
Many potential clients fear they will never be able to finance a car or home again after receiving their Chapter 7 discharge. There are others that mistakenly believe they must wait a decade or more ...
Continue reading "WILL I BE ABLE TO GET A CAR OR HOME LOAN AFTER MY CHAPTER 7 BANKRUPTCY DISCHARGE?" »
Posted on Mar 16, 2015 By Alicia Faucette
As we make our way through the current tax season, many potential clients are hoping to find some financial relief via their tax refund. Many of these clients contemplate using their tax refunds to ...
Continue reading "NEED TO FILE BANKRUPTCY AND EXPECTING A TAX REFUND? SPEAK WITH AN EXPERIENCED BANKRUPTCY ATTORNEY BEFORE FILING YOUR CASE" »
Posted on Dec 5, 2014 By Alicia Faucette
Many potential clients that are considering filing bankruptcy are concerned that they will be publicly shamed or humiliated upon filing a bankruptcy case. These clients find out that they will have to ...
Continue reading "WHAT TO EXPECT AT THE MEETING OF CREDITORS (341 HEARING)?" »
Posted on Sep 15, 2014 By Alicia Faucette
From time to time, our firm will receive calls from potential clients seeking help with bankruptcy cases they have attempted to file on their own. With the prevalence of DIY websites and non-attorney ...
Continue reading "DO I REALLY NEED AN ATTORNEY TO FILE BANKRUPTCY? CAN'T I JUST DO IT MYSELF?" »
Posted on Sep 8, 2014 By Alicia Faucette
Many potential clients contact our office upon receiving notice from either their employer that their wages will soon be garnished or from their bank that the funds in their account have been depleted ...
Continue reading "Why You Shouldn't Put Off Filing For Bankruptcy" »
Posted on Aug 5, 2014 By Alicia Faucette
Inheritances are often something that many of us don't expect and haven't factored into the financial picture. When a client decides to file bankruptcy their current and future income is ...
Continue reading "What Will Happen To My Inheritance In A Bankruptcy Plan?" »
Posted on Jun 23, 2014 By Alicia Faucette
There are several factors that go into the decision to file a chapter 7 or chapter 13 bankruptcy. Typically the type of bankruptcy filed will depend on factors such as income, assets and whether the ...
Continue reading "Can A Chapter 13 Bankruptcy Be Converted To A Chapter 7" »
Posted on May 29, 2014 By Alicia Faucette
On June 1, 2014 the bankruptcy filing fees for chapter 7 and chapter 13 bankruptcy plans will change. Chapter 7 bankruptcy filing fees will increase from $306 to $335. Chapter 13 bankruptcy filing ...
Continue reading "Increase In Bankruptcy Filing Fees on June 1, 2014" »
Posted on Apr 29, 2014 By Alicia Faucette
The decision to file a chapter 7 or chapter 13 bankruptcy is made after many of our clients have exhausted other options and consulted with our office regarding the best course of action to take to ...
Continue reading "What to Expect At Your Bankruptcy 341 Hearing" »
Posted on Mar 31, 2014 By Alicia Faucette
Everyday consumers are bombarded with television and radio commercials from payday loan and title pawn companies offering a quick fix for those finding themselves in a financial bind. While the money ...
Continue reading "Can Payday and Title Pawn Loans Be Included In A Bankruptcy?" »
Posted on Mar 19, 2014 By Alicia Faucette
Our office consults with several potential bankruptcy clients each month. Most of them are trying to come up with solutions to the financial distress that has been plaguing them for years. ...
Continue reading "When Can I File Bankruptcy Again?" »
Posted on Mar 11, 2014 By Alicia Faucette
Each year bankruptcy filings trend upwards at the beginning of the year and level off as the year progresses. The combination of the momentum from the start of a new year and the additional income ...
Continue reading "What You Should and Should Not Do Before Filing Bankruptcy" »
Posted on Feb 24, 2014 By Alicia Faucette
It is tempting for many during tax season to use their tax refund to repay personal loans and other debts, especially those owed to family members. However, if you are considering filing a chapter 7 ...
Continue reading "Preferential Transfers in Bankruptcy" »
Posted on Feb 17, 2014 By Alicia Faucette
A major concern for those considering bankruptcy is whether they will lose all their assets as a result of filing a chapter 7 or chapter 13 bankruptcy. Several of our clients initially come to our ...
Continue reading "What Assets Are Protected By The Georgia Bankruptcy Exemptions?" »
Posted on Feb 6, 2014 By Alicia Faucette
Our firm consults with several financially strapped clients each week confronted with the potential consequences of a foreclosed property. The decline in home prices has left homes significantly ...
Continue reading "What Happens To A Mortgage Deficiency After Foreclosure?" »
Posted on Jan 24, 2014 By Alicia Faucette
A trip to the local county courthouse will usually have a great many things to look at. Among them are wood paneling, State seal, and a long line of citizens who have received notice of a law suit. ...
Continue reading "Are Lawsuit Judgments Discharged Through Bankruptcy?" »
Posted on Dec 16, 2013 By Alicia Faucette
Many people considering filing for Chapter 7 bankruptcy wonder whether it's acceptable to pay back certain creditors, especially those they want to maintain a relationship with, prior to filing? ...
Continue reading "Can I Pay Back Some of My Creditors Prior to Filing Bankruptcy?" »
Posted on Dec 13, 2013 By Alicia Faucette
An article published in August by the Huffington Post entitled "Bankruptcy Should Be An Option For Some Student Loans" noted current trends in student loan activity. According to the ...
Continue reading "Bankruptcy Trends and Student Loan Debt" »
Posted on Dec 3, 2013 By Alicia Faucette
Filing for chapter 7 bankruptcy does not mean that you automatically lose your tax refund. When you file for chapter 7 bankruptcy, you are allowed to exempt, or protect, a certain amount of real and/ ...
Continue reading "Does Filing for Chapter 7 Bankruptcy Mean I Automatically Loose My Tax Refund?" »