by CMC Law | May 7, 2019 | Uncategorized
In 2011, the United States Supreme Court decided a case that continues to have a big impact on people who intend to file Chapter 13 bankruptcy. The case stems from a 2006 Chapter 13 bankruptcy case in which a debtor named Jason Ransom and his Chapter 13 bankruptcy...
by CMC Law | Apr 9, 2019 | Uncategorized
Unlike Chapter 7 bankruptcy that eliminates most debts, Chapter 13 bankruptcy allows you to consolidate your debts, potentially negotiate lower payments, and repay all creditors over a period of three to five years. This plan works well for most filers as long as...
by CMC Law | Mar 18, 2019 | Uncategorized
When you are struggling with debt, the thought of having to give up your vehicle might keep you from considering bankruptcy as an option. Fortunately, bankruptcy legislation known as 11 U.S.C. Section 506 allows you to keep your car while lowering both the interest...
by CMC Law | Feb 4, 2019 | Uncategorized
In Georgia, bankruptcy law allows a debtor who has two mortgages to get rid of the second mortgage in a Chapter 13 bankruptcy to stop foreclosure. He or she can then classify the second mortgage as an unsecured debt when the value of the home with the second mortgage...
by CMC Law | Jan 10, 2019 | Uncategorized
If you have incurred a large amount of debt that you know you do not have the ability to repay, you may be considering filing for bankruptcy. Filing Chapter 7 gives you the opportunity to eliminate most debts while filing Chapter 13 allows you to reorganize your...
by CMC Law | Dec 10, 2018 | Uncategorized
No one plans to take on so much debt that they have no way of repaying it all. Unfortunately, circumstances such as job loss, medical expenses, business failure, divorce, or the death of a spouse can put anyone in a difficult financial position. The law recognizes...
by CMC Law | Nov 12, 2018 | Uncategorized
If you’re dealing with the stress of not being able to make ends meet, you’re not alone. Many people have an overwhelming amount of bills that they simply can’t pay (unless they want their electricity to get cut off instead). If you find yourself in...
by CMC Law | Oct 22, 2018 | Uncategorized
If you are a business owner considering bankruptcy, you are probably wondering what effect this would have on your personal credit history. One will impact the other only when you are personally liable for the debts incurred by a business. This depends on the tax...
