Blog: April 2016

debt relief attorney Individuals may file for bankruptcy for a wide variety of reasons. For some people, an injury or illness can lead to unmanageable medical bills, and the time they spend away from work only worsens these financial issues. Divorce is another major cause of bankruptcy filings because of expensive legal fees, child support and alimony payments. Unexpected job loss coupled with long periods of unemployment can also create serious financial problems when people begin using credit cards to pay for everyday living expenses. Others, meanwhile, may have steady income but are unable to manage their spending. They may build up debt from credit cards and loans to the point where making minimum payments becomes impossible.

Vehicle Repossession It's a fact of life that cars are important. They get you to work, take you to the ballgame, and serve as the vehicle to transport your kids, groceries, and many other things. When they're made correctly, cars safely take you to and from your destinations. Especially for people who live outside of major cities, cars can be critical. The bus is often inconvenient, and after a long day at work, riding the bus can be a real challenge due to time, space, or other factors. It's normal to have a tangible attachment to your car. For many of us, cars have been with us for a decade. We've made memories in them, from road trips to those special nights coming home from our children’s piano recitals. So what happens when you're in danger of vehicle repossession in Savannah, GA? It's more common than you might think. Financial instability is a common occurrence in today's economy. Here are three situations you might find yourself in and what you can do to change them.

Filing Bankruptcy Many people who are considering filing bankruptcy want to know if it will have any affect their income tax return. In the state of Georgia, as well as the rest of the United States, the laws are the same. Tax debts are generally not dischargeable. People often wonder what the case is specifically in a Chapter 13 bankruptcy. In that situation, the debts must be paid in full according to the reorganization plan. To have them liquidated in a Chapter 7 can be a bit tricky, but in some cases it can be done.

Credit ScoreMost people don't set out to have a bad credit score. In fact, most people put in significant effort to maintain the best credit score they can in order to allow them to purchase their next car, home, and other things they need. However, bad things happen to good people, and sometimes life throws some real, unavoidable curve balls. Many are able to bounce back from their bouts with bad credit, but others need to ask for court intervention to rid them of their debts. So, what are the most common reasons that a person has bad credit? Here are a few typical bad credit scenarios that any debt lawyer often comes across.