by Lori Newman | Feb 23, 2016 | Bankruptcy
There are typically 2 types of bankruptcies an individual can file. The first and most common is a chapter 7 bankruptcy, which typically only lasts 4 months. The other option is a chapter 13. A chapter 13 bankruptcy can last 3-5 years, depending on a few factors. It...
by Lori Newman | Feb 10, 2016 | Bankruptcy
I often get asked about student loans and bankruptcy. Can the student loans be discharged in a chapter 7 or a chapter 13 bankruptcy? The answer may surprise you. They can be discharged in a chapter 7 but the debtor has a very heavy burden to proof that the student...
by Lori Newman | Jan 27, 2016 | Bankruptcy
It’s an easy question to ask but it can be a very difficult question to answer, even for an experienced bankruptcy attorney. So how do you qualify for a chapter 7 bankruptcy? The easiest answer is that you will qualify if, after all of your required household expenses...
by Lori Newman | Jan 6, 2016 | Bankruptcy
The last three years have brought great changes to the Georgia Bankruptcy exemptions. Bankruptcy exemptions provide an amount that an individual can keep/protect when he or she files for bankruptcy protection. If he or she exceeds the amount that can be protected,...
by Lori Newman | Feb 6, 2013 | Bankruptcy
When an individual files for Chapter 7 bankruptcy and they want to keep certain debts, such as a house or car, they can typically do so by choosing to reaffirm the debt with the creditor. A properly filed reaffirmation agreement is the usually the only way a debt will...
by Lori Newman | Nov 16, 2010 | Bankruptcy
You may be in the Chapter 13 a little longer than you think! Law school 101….. If you are starting a small business, do you run it as an sole proprietor or do you create an LLC or S.Corp? Of course, you should create a corporate entity and run your business...
