Category Archives: Chapter 7 Bankruptcy
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Many social security income (SSI) recipients question whether or not their monthly SSI will keep them from being able to file for Ch. 7 bankruptcy. The answer, as with most bankruptcy filings, will depend on each specific case. The Courts have ruled that SSI does not have to be included when calculating an individual’s means… Read More »
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For individual debtors, Chapter 7 and Chapter 13 are the most common personal bankruptcy filings in Georgia and likely in every other state as well. Both types have certain eligibility requirements, and in some cases, people may not qualify for either. Chapter 7 eligibility requires petitioners to pass a means test that considers their income… Read More »
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Rebuilding your credit isn’t easy. Because of high interest rates and the inability to file Chapter 7 bankruptcy for another eight years, you must be cautious in how you approach rehabilitating your credit. Some simple, yet effective ways to rebuild your credit include: Get a secured credit card. A secured credit card operates like a… Read More »