Articles From Fred P. Kross P.C.
Exemptions are the types of property you are allowed to keep when filing for a personal bankruptcy, such as a Chapter 7 or Chapter 13.
In the state of Georgia, 72,198 personal bankruptcies were filed in 2011. At 7.35 filings per 1,000 people, that put the state at the second-highest in the country in bankruptcy rates.
The number of bankruptcy filings in Georgia is down 15 percent but our state is still in the number two spot for highest bankruptcies in the nation. According to the American Bankruptcy Institute, the ...
Retired public workers and others with a retirement pension who have tried to solve their current financial difficulties with a pension advance find they may have just delayed the problem and often ...
Credit bureaus, such as Experian, Equifax, and TransUnion, are supposed to show that any debts that have been discharged through bankruptcy be made clear on a consumer’s credit report.
In 2005, federal bankruptcy laws were changed.
The most common form of a personal bankruptcy in Georgia and across the nation is the Chapter 7 liquidation case, which involves liquidating assets to pay off creditors.
Many people abuse their credit cards, racking up debt until they find that they are in serious financial straits.
Mortgage interest rates still remain at all-time lows which make it smart to refinance a home at this time.