The Bankruptcy Means Test

The Bankruptcy Means Test

The Bankruptcy Means Test operates in two ways:It will determine if you qualify for Chapter 7 Bankruptcy; and/orIf you do not qualify for Chapter 7 Bankruptcy, the means test establishes what you are required to pay your creditors in a Chapter 13 Bankruptcy.What is...
How Bankruptcy Can Help With Back Taxes

How Bankruptcy Can Help With Back Taxes

If you owe money for back taxes, the IRS or State Revenue Department can garnish your wages or your bank account. Filing a bankruptcy will stop a tax garnishment. This is what is known as the automatic stay, which requires all creditors (including the taxing...
How is My Credit Score Affected After a Bankruptcy Filing?

How is My Credit Score Affected After a Bankruptcy Filing?

Many people who file for bankruptcy already have a low credit score and/or are unable to obtain credit cards or a mortgage. With unpaid bills piling up and possible lawsuits from creditors,  a person’s credit score continues to go down as time goes on. After filing...
Top Reasons Why You Should Consider Bankruptcy

Top Reasons Why You Should Consider Bankruptcy

Whether you’re upside down in debt because of being unemployed, too much spending, medical bills, college tuition or anything else, you should know that you’re not alone!Last year, almost 773,000 individuals found themselves in the same situation.You at one point or...

Do I Qualify for Bankruptcy? Which Chapter?

The first question for many people considering bankruptcy is “do I qualify?” In order to determine whether you qualify for bankruptcy, you should consult with a Marietta bankruptcy attorney. As a general rule, almost everyone qualifies for bankruptcy. Find...