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Chapter 13 Bankuptcy

Chapter 13 Bankruptcy: What Is It and How Do I File? Filing for a Chapter 13 bankruptcy gives you the chance to restructure your debt into a payment plan. This repayment plan can last anywhere between three to five years, giving you the ability to hold onto your assets and pay back your debt in manageable increments. Chapter 13 bankruptcies are flexible, which makes them great for those with a steady income who want to hold onto their property. But who's eligible to file for a Chapter 13 bankruptcy and how do you do it? Here's a basic rundown on...

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Why You Need A Lawyer

Personal Injury? Why You Need a Lawyer When you have a personal injury case, you should get a lawyer. If you have a personal injury, such as from an auto accident or another type of incident, you absolutely need a lawyer, even if you haven't filed a case yet. In fact, the sooner you acquire a lawyer, the better off your situation can be. Why should you get a lawyer if you have been injured? According to statistics, reasons for filing a personal injury case vary but include reasons such as car wrecks, premises liability for homeowners and businesses, liability...

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What is the importance of Uninsured Motorist (UM) Coverage?

What is Uninsured Motorist (UM) Coverage? In Atlanta, Georgia, the city’s traffic has become increasingly dangerous with continuous accidents occurring from morning commutes to work and continuing through the commute back home in the evening. With Atlanta’s current population of 5.6 million residents, it is safe to say that there will be individuals that do not have vehicle insurance coverage also known as uninsured motorist (UM). Add-on UM insurance coverage allows for the injured victim of an auto accident to have their insurance pay for the injuries sustained as a result of the accident with an uninsured motorist. The presumption...

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I am planning on filing for bankruptcy but I have overseas assets? What are my options?

If you are planning on filing for bankruptcy protection in the State of Georgia, or anywhere else in the United States, you are required to include all property that you own in anyplace in the world. This includes overseas assets such as real estate, personal property, bank accounts, and investments. You also must include any property that you may own jointly with others. For example if your grandparents left you and your two siblings property in France, you must include your 1/3 interest in the overseas asset in your filing. Keep in mind that your bankruptcy filing will not affect...

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How Much Does It Cost to File Bankruptcy?

People facing financial stress, often ask how much it costs to file bankruptcy? After all, money is usually tight, and people do not think that they can afford to file. They also incorrectly assume that they cannot afford to hire a lawyer to represent them. Below you can find the general costs for filing. Everyone has a different financial situation so the cost may differ per person depending on their particular situation. (more…)

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Can I File For Bankruptcy If I Am Unemployed?

Becoming unemployed, or a cutback in hours, is one of the top reasons why many people file for bankruptcy. Being unemployed without a steady source of income is a tough situation for anyone. By law, you do not have to be employed to file for bankruptcy. However, if you are unemployed your job status can affect the outcome of your bankruptcy. Chapter 7 Bankruptcy There are two main types of bankruptcy for individual filers in the U.S. The first is Chapter 7. Chapter 7  eliminates unsecured debts; such as credit cards, medical bills, and unsecured loans. Chapter 7 filers typically...

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Does filing bankruptcy individually or jointly make more sense if you are married?

Whether or not filing bankruptcy individually or jointly is the best option for married couples depends on a number of factors. Legally, married couples can file bankruptcy together with one petition; a joint bankruptcy. Under a joint bankruptcy; all your combined property and debts are included. This may make sense for some couples. For others, it may be better for just one spouse to file alone. (more…)

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Will filing Bankruptcy affect my employment status?

It’s normal to worry about will filing bankruptcy affect my employment status and who will find out about my bankruptcy filing. Many individuals who are considering filing for bankruptcy also worry about the effect of the bankruptcy on future employment. They are typically concerned with if a potential employer finds out about the bankruptcy filing; will the employer be deterred from hiring you? This is especially true if you are employed in a position of trust or employed to manage others money. Will filing a chapter 13 bankruptcy affect your employment? First, it is possible that your employer will find out about your Chapter 13...

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Can you file Bankruptcy more than once?

It is not uncommon for an individual to file bankruptcy, and then need to refile at a later date. For instance, your plan payment under a Chapter 13 bankruptcy (a reorganization) may have been too large. Or you may have additional unforeseen circumstances such as reduced income that caused you to become dependent on credit. By law, there is no minimum amount of time that must pass after filing bankruptcy before you can file again. There is, however, a minimum amount of time that must pass after you have received a discharge of your debts before you can receive a...

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Personal injuries and business disputes are complicated. You need an experienced and aggressive lawyer if you want to maximize your recovery. Let us help you!

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Holston & Huntley, LLC, Attorneys & Lawyers Bankruptcy, Atlanta, GA
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