Jul 302017
 

Living with bankruptcy can be very difficult. When you find yourself in a financial bind, you realize that your options are limited. However, there are some things that can be done to get what you want.

Do not even think about paying your taxes with credit and petitioning for bankruptcy right after. Most states do not look at this debt as chargeable, and you could end up owing money to the IRS. Keep in mind that if the tax debt is eligible to be discharged, then the credit card debt is also dischargeable. This makes using a credit care irrelevant, since bankruptcy will discharge it.

There is hope! Once bankruptcy has been filed, you may be able to regain possession of items such as electronic goods or cars that were taken away from you. You may be able to recover repossessed property if the repossession occurred fewer than 90 days ago. Speak to a lawyer who will be able to help you file the necessary paperwork.

If you are considering paying your taxes with credit cards and turning around and filing bankruptcy–they are on to you. The fact is that the credit card debt will be ineligible for discharge, and your tax debt may increase. One thing that you should remember is that if your tax is dischargable, your debt will also be dischargeable. Because of this, transferring the debt to your credit card is pointless.

If you’re filing for bankruptcy soon, be sure you are going to hire a lawyer. Filing for bankruptcy is complicated and there is no way you can understand all you need to know. Personal bankruptcy attorneys can help make sure everything is done properly.

Stay up to date with any new bankruptcy filing laws. Bankruptcy laws are in constant flux, so just because you knew the law last year doesn’t mean that the laws will be the same this year. If you are not sure about the current laws all you have to do is look into what laws have been passed.

Safeguard your home. Filing for bankruptcy does not always mean you will end up losing your home. You can still keep your home, it just depends on your specific situation and the value of your home. If this is not the case, find out more about Homestead Exemptions you might qualify for if you meet certain financial requirements.

Be certain you are making the right choice before you file for bankruptcy. Consider any other options that are available to you, such as consumer credit counseling. Bankruptcy will be on your credit report and affect your credit score for many years to come, so it is a decision that should not be taken lightly. Try to use it as a last resort.

Even if you have filed for bankruptcy you now realize that this does not limit you in life forever. If you are willing to work hard to save money and do not spend frivolously, you can regain your credibility with creditors. You will receive more favorable treatment when you apply for a loan if you start saving now.

Mortgage Foreclosure Process in Georgia

Did you know that your mortgage company can complete a foreclosure against your mortgage in less than 40 days. If you take no action you may find yourself evicted and homeless.

Fortunately, you have very important rights as a Georgia homeowner to stop a foreclosure and protect your home.

In this video I explain how foreclosure in Georgia works and the steps you must take to save your home if you fall behind on your mortgage payments and the foreclosure process starts against you.

Have more questions about saving your home and restructuring all of your debts? Ginsberg Law Offices has been helping hardworking men and women in the Atlanta area stop adverse creditor action using bankruptcy and non-bankruptcy remedies. If we can help you, please call our office at 770-393-4985 and speak to attorney Ginsberg or attorney Blum for free.

Jonathan Ginsberg
Ginsberg Law Offices
http://www.atlanta-bankruptcy-attorney.com
 Posted by at 10:05 pm

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