To answer this question, we must first explain a secured creditor and a bankruptcy exemption.What is a Secured Creditor?A secured creditor is a creditor that holds collateral for the debt you owe. For example, a creditor that holds a lien on your vehicle to secure the money you borrowed from … [Read more...]
Keep Your Credit Intact and Avoid Bankruptcy By Not Making These Mistakes
Bankruptcy can be a good way to get rid of a lot of credit card debt or medical debt. But it will still have a bad impact on your credit. A Chapter 7 bankruptcy in Georgia and in other states can leave you with terrible credit for a minimum of 7 years. That may not seem like a bad thing compared to … [Read more...]
Chapter 7 Actions
There are many events that can drive a person or couple into bankruptcy, but it usually involves financial devastation and an inability to keep current on payments for necessities such as housing and food. People often find themselves not making payments on one thing, so that they can make payments … [Read more...]