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A Chapter 13 bankruptcy is a consolidation of debt that allows you to use your income to pay back your creditors on a repayment plan. This repayment plan spans from three to five years. Many of your payments are dependent on your disposable income. Chapter 13 plans require you have a steady income flowing in Full Article +

Usually, when we think about bankruptcy, the first thing that comes to mind is someone standing in a barrel with all of their belongings being stolen, or losing all your money on Wheel of Fortune. Bankruptcy is a word that has become taboo throughout the years. Fortunately, bankruptcy is not as bad as everyone thinks. Full Article +

A primary concern for many Tennessee and North Georgia residents who are considering bankruptcy is their ability to purchase a home in the future. A bankruptcy myth that has been circulating for years is that it ruins your credit for life, and it will be a decade before you can recover. Everyone knows that to Full Article +

Chapter 7 bankruptcy, also known as straight bankruptcy is the liquidation of all debt. In Chapter 7, all of the debtor's nonexempt assets that have significant value are distributed to creditors to pay off debts. Once debts are paid off the debtor receives a discharge. A typical Chapter 7 bankruptcy lasts from 3-6 months. Here Full Article +

Deciding whether or not to declare bankruptcy is never an easy decision to make. Bankruptcy has a lot of negative associations; however, filing for bankruptcy is not as taboo as it once was. Yes, it will affect your credit score and your reputation with lenders but, it also provides considerable relief for those who are Full Article +

A lot of individuals believe bringing their credit score back from the dead after filing for bankruptcy be near to impossible. Contrary to popular belief, rebuilding your credit score after bankruptcy is not impossible. In reality, it is easier to rebuild your credit score if and when you declare bankruptcy. And here’s why… If you Full Article +