Category Archives: Bankruptcy
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For me, the keystone or centerpiece of all of the interacting parts of the Bankruptcy Code is the automatic stay. The stay is the fundamental shield available to our clients who file for relief from creditors in a Chapter 7 or Chapter 13 case and shields you and your assets from any collection activity by your creditors. The stay arises automatically… Read More »
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In many Chapter 7 and 13 cases, our clients decide to maximize the benefits of their “fresh start” by surrendering to the lender all of their “rights, title and interest” in an “underwater” residence or rental property or a property with predatory loan terms. In Georgia, these properties usually are secured by a security deed (Deed To Secure… Read More »
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Filing for bankruptcy is very helpful for eliminating debt but it is also harmful to your credit. We explain to our clients that rebuilding good credit is important even though we encourage them to stay away from incurring new debt. Following are some of the ways you can rebuild your credit after bankruptcy: Pay your… Read More »