The Atlanta-based Galler Law Firm offers legal strategy and advice on how to protect personal assets when going through bankruptcy. Expectations are that personal and small business bankruptcies will skyrocket through the third and fourth quarter of 2020. An Associated Press article entitled “A flood of business bankruptcies likely in coming months” made the following economic projection: “The billions … Read more
Here is a scenario that you might find familiar. You have a huge federal student loan debt on your neck that you have not yet paid, you do not even know how you are going to get started on paying it but you are considering doing something about it. You are a Doctor or a … Read more
BANKRUPTCY CREDIT COUNSELING IS MANDATORY BEFORE FILING ! Yes. The current bankruptcy law requires that a debtor wanting to file for bankruptcy protection must obtain credit counseling prior to filing a case. The credit counseling must be completed within six months prior to the date the case is filed. Debtors must receive the credit counseling only from … Read more
Before finding out the cost of filing Chapter 13 bankruptcy, it is important to know what Chapter 13 bankruptcy is all about. What is Chapter 13 bankruptcy? Also known as wage earner’s plan, Chapter 13 bankruptcy helps the debtor in developing a repayment plan. The plan may vary from three to five years depending upon … Read more