Archive for the ‘Chapter 7’ Category

BANKRUPTCY EXEMPTIONS: WHAT CAN I PROTECT WHEN I FILE MY CHAPTER 7 BANKRUPTCY CASE IN GEORGIA?

A common concern among individuals filing for a Chapter 7 bankruptcy  is that they may lose some of their property to the bankruptcy “estate”.  The bankruptcy estate consists of property that the debtor owns at the date of filing, …

Reaffirmation Agreements In Chapter 7 Cases: What it means for the Debtor

Chapter 7 bankruptcy allows a consumer to eliminate (“discharge”) their unsecured debt, subject to certain exceptions. [1]  With respect to a secured debt, such as a home mortgage or auto loan, the consumer has three options.  The first option …