Author Archives: Jeff Field
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Filing for bankruptcy should never be a snap decision. There are several things you should do and several things you must do before taking this major step. Filing for bankruptcy without sound advice and proper planning at best can cause you to miss out on the full benefits of the process. At worst, it can… Read More »
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Bankruptcy is a court process, but a highly specialized one. That is why bankruptcy cases do not proceed in the same federal courts that hear typical criminal and civil cases. Instead, bankruptcy has its own court system. Each U.S. federal district has its own bankruptcy court with its own local procedures and customs. Working with… Read More »
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Although bankruptcy follows federal legal guidelines for the most part, certain aspects differ based on state laws. In Georgia, for example, state law dictates that certain items are considered exempt property. These exemptions may or may not match federal exemptions. Chapter 7 and Chapter 13 exemptions Although Chapter 7 bankruptcy is what people most commonly… Read More »