Atlanta Bankruptcy Law News - Find Atlanta Bankruptcy Attorneys

Atlanta Bankruptcy Law News - Find Atlanta Bankruptcy Attorneys

Can You Be Bankrupt and Live in a Mansion?

Todd Chrisley, of the new reality show "Chrisley Knows Best," filed for Chapter 7 bankruptcy to resolve $49.4 million of debts, but he still looks mighty rich in his lavish 30,000 sq. ft. Atlanta mansion. What gives?

Contrary to popular belief, there are certain assets you can keep when you file for Chapter 7 bankruptcy. But there are also penalties when you try to hide your assets.

Chrisley is currently caught between these two rules.

How Long Will My Bankruptcy Take?

One of the most common questions people facing bankruptcy have is how long their bankruptcy will take.

The answer to that question will depend on the circumstances of your particular case as well as what type of bankruptcy you are filing: namely, Chapter 7 versus Chapter 13.

Chapter 13 bankruptcy cases take longer to resolve than Chapter 7 cases and involve different steps along the way.

Can I Keep My Credit Card After Filing Bankruptcy?

In most cases, banks cancel a debtor's credit cards when they receive notice of his or her bankruptcy.

But as always, the general rule has exceptions.

Whether or not you can keep your credit card after filing bankruptcy will largely depend on your bank and under what bankruptcy chapter you are filing.

5 Forms You Need to File for Bankruptcy

Filing for bankruptcy in Georgia can be a tedious process that calls for sifting through your financial records and filling out a mountain of forms.

Fret not, dear paper shuffler. To get started, familiarize yourself with the following five categories of forms you'll need to file for bankruptcy:

How a Foreclosure Works in Georgia

Want to know how a foreclosure works in Georgia? While nobody hopes that they'll ever have to deal with one, the reality of the situation might be a little different.

If you have taken out a mortgage on your property and don't make the proper payments, you could end up defaulting, and a lender may foreclose on your home and offer it up for sale.

What does this process look like in Georgia?

Can a Landlord Evict a Tenant in Bankruptcy?

If a tenant files for bankruptcy, both federal and Georgia laws determine whether a landlord can evict the tenant. In particular, the timing of the bankruptcy and eviction proceedings greatly affect the steps a landlord must take to regain possession of the rental unit.

Here are the general rules on if and when a landlord in Georgia can evict a tenant in bankruptcy:

5 Ways to Modify Your Chapter 13 Bankruptcy Plan

In a Chapter 13 bankruptcy, you don't fork over any property. Instead, you make a structured repayment plan. But can you modify this plan?

Ideally, you'll pay off your debts in three to five years, and be on your way. But certain situations can crop up that throw a wrench into your repayment plan. Fortunately, there are ways to accommodate such circumstances.

Here are five potential ways to modify your Chapter 13 bankruptcy plan:

Deciding on the right bankruptcy attorney can be just as draining as the bankruptcy process itself. If you don't know what to look for in a lawyer, the whole experience of researching and meeting with potential attorneys can be pretty overwhelming.

Don't worry. We've got you covered. Here are five tips to help you find the bankruptcy lawyer who's right for you:

Tax Refunds Trigger Bankruptcy Filings, Study Suggests

Do tax refund checks result in more bankruptcies?

There seems to be a correlation. According to the Los Angeles Times, bankruptcies rise after tax refunds are issued.

That seems counter-intuitive on one hand. On the other hand, it makes perfect sense.

3 Famous People Who Survived Bankruptcy

Bankruptcy might sound scary. But sometimes, it's reassuring to know that others have been there and pulled through it.

Some of these people are famous and some even went on to make history.

Here are a few famous people who have declared bankruptcy and survived, courtesy of CNN: