Filing for bankruptcy is not only a difficult decision, but it is also a very difficult process, especially if you are residing in Atlanta. The state of Georgia has its own set of laws when it comes to dealing with these types of cases, and these laws are very complex ones. It is often wise to hire an experienced Atlanta bankruptcy lawyer in order to make sure that your interests are well protected.
How To Deal With The Complex Process Of Filing Bankruptcy By Hiring An Atlanta Bankruptcy Lawyer?
August 12, 2010 By
Do Bankruptcy Laws Really Help
July 29, 2010 By
It is very important that you know about bankruptcy laws, if you are in debt. Certain legal provisions are very helpful in making a fresh start. You can opt for a repayment plan to pay off your creditors or you could liquidate some of your assets in order to clear dues.
Bankruptcy Laws
July 20, 2010 By
When a person cannot pay the debts, he/she can use bankruptcy as an option, as per which the court makes certain arrangements in order to protect the interests of both the debtor as well as the creditors. Where debtors get an opportunity to get rid of the mounting debt problems, creditors get their money back. However, this is not an easy option at all. It should be better considered as a last option rather than an easy option. When nothing else works, you can use this method to get out of the debt trap.
How to Calculate the Value of Properties in Bankruptcy Exemptions?
July 17, 2010 By
There are specific provisions for bankruptcy exemptions in both state and federal laws. You don’t lose everything even if you go bankrupt. When a person files a petition under chapter 7, all his/her assets are liquidated except for the ones that are legally exempted, such as home, car, household goods, retirement savings, jewelries and many other such things up to certain limit. However, in order to make the best use of these exemptions, you must know how to calculate the value of properties the right way.
Filing Chapter 11 Bankruptcy – How To Get Prepared?
July 17, 2010 By
Chapter 11 bankruptcy can be the best option for those who are willing to make the repayment for their debts that they owe to different creditors while staying back in their business provided the terms are made a little more favorable. As compared to chapter 7, chapter 11 sounds to be a more difficult choice because you still owe your debts.
Wyoming Bankruptcy Laws
June 29, 2010 By
Wyoming bankruptcy laws allow the debtor declared as bankrupt to use federal supplemental exemptions along with the state specific exemptions. However, you cannot substitute the state specific exemptions completely with the federal exemptions set. Wyoming bankruptcy district courts are located in two places – Casper and Cheyenne.