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  • How Does Filing For Bankruptcy Affect My Spouse?

    If one partner in the marriage is thinking of filing for bankruptcy, how much it will affect the other spouse depends on a few factors. Any debt that both spouses are joint and severally liable will remain the legal responsibility of the non-filing spouse. This means, if one spouse has filed for Chapter 7 bankruptcy and their debt responsibility is absolved of a joint debt, creditors can hold the ...
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  • Can I File for Bankruptcy if I have No Assets?

    If you are struggling to make ends meet, living paycheck to paycheck, filing for bankruptcy might be a helpful option for you. As you research into the subject, you realize, you might not have any assets to sell to your creditors. Can you still file for bankruptcy? The answer is yes. In fact, most of the bankruptcies filed in America are Chapter 7, no-asset cases. Chapter 7 bankruptcy cases that ...
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  • Getting Your Bankruptcy Certificates

    Bankruptcy Law requires counseling prior to and after filing to help you make the most informed decision. As soon as these courses are complete, you earn a bankruptcy certificate for each one. These documents are mandatory prior to filing Chapter 7 or Chapter 13 bankruptcy, and again after the filing but before the debts are discharged. Earn Bankruptcy Certificate through Credit Counseling The ...
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  • Use These Financial Apps to Save Money

    Smartphones can help to make our lives more productive in a variety of ways, including help with finances. When saving money is a top priority, check out the following financial apps can help you on your journey. Tracking Money Mint Money Manager - This free app and helps you understand where your money is going. Once you download the app, you can link all of your financial accounts, such as ...
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  • How to Improve Your Credit Score Post-Bankruptcy

    Declaring for bankruptcy can have a negative impact on your credit score, resulting in difficulty getting loans approved or increasing credit lines. Fortunately, you are still able to salvage your credit score despite falling on hard times . The following are helpful tips to improve your credit score post-bankruptcy: Understand your limits. Once you filed for bankruptcy, it’s important to not fall ...
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  • What to Do After Bankruptcy

    Having a bright financial future after bankruptcy means taking back control of your finances and, most importantly, making smart decisions. One of the most helpful ways to accomplish these goals is to create a “bankruptcy to-do list” in order to ensure that you are being conscious about how you spend your money and how it can benefit your overall financial fitness. The following are factors to ...
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  • Do I Need to Take the Means Test to File for Bankruptcy?

    Are you filing for Chapter 7 bankruptcy in Georgia? You must qualify first under “the means test.” This is a test that determines if one’s income is too above the median for their household size, to be eligible for Chapter 7 bankruptcy. Read our blog for more about the means test and how it relates to your bankruptcy filing! What Are the First Steps? Before beginning with the means test, you must ...
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  • Will an Automatic Stay Prevent Tax Liens?

    When someone files for bankruptcy , the courts will issue an automatic stay to prevent creditors from collecting on your debts. Some types of debts will be exempt from an automatic stay, however. So, if you have any concerns over a tax lien, it is possible that the stay may not protect those assets once you file for bankruptcy. After the process begins, the courts issue the automatic stay, and all ...
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  • The Downside of Hiding Your Assets

    Are you considering your options for filing for bankruptcy ? This is important to note: Whether you are filing individually, with your spouse, or are a business owner, you have the obligation of disclosing all of your assets when filing your petition. It is a common misconception that hiding your assets means that they will not be considered part of your bankruptcy; however, this can land you in ...
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  • Staying Connected with Khoshnood Law Firm, P.C.

    There are few situations more frightening than dealing with debt. No matter whether you are an individual whose finances have gotten out of control or a business struggling to stay afloat, it is important to know that you have options—and that Khoshnood Law Firm, P.C. can help. For the past 10 years, Attorney Khoshnood has worked with thousands of clients throughout their bankruptcy cases and ...
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  • Do I Need a Bankruptcy Lawyer to File?

    Request a Free Case Consultation Today Legally, you do not need an attorney to file for bankruptcy . However, if you would like the process to be handled professionally, it is highly advisable that you hire one. It does cost more money to retain the services of a bankruptcy firm, but it is important to do so. An Atlanta bankruptcy lawyer from Khoshnood Law Firm, P.C. has the extensive experience ...
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  • Bankruptcy & Loans

    Discharging Student Loans in Atlanta Have you found yourself overwhelmed with student debt and unable to pay your bills on time or at all? Student loan debt can theoretically be discharged in bankruptcy , but the level of hardship you have to prove to have your student loans discharged is extremely high in the state of Georgia. For all practical purposes, this means that debt which is properly ...
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  • Taxes & Bankruptcy

    Serving Clients Throughout Atlanta, Georgia One of the common questions we get at our firm is in regards to taxes and bankruptcy, and if our clients are able to discharge income taxes owed to the IRS in bankruptcy. In some situations this may be possible, however the subject is quite complicated and it depends on several different factors. The subjects of taxes and bankruptcy are complex and ...
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  • Credit Card Debt

    Bankruptcy Attorney Handling Secured & Unsecured Debt Are you currently dealing with a large amount of credit card debt that keeps building with fees and penalties? It can be very difficult to get on top of your debt as the amount seems to never end. You may be considering filing for bankruptcy as a way to alleviate your debt. An Atlanta bankruptcy lawyer from Khoshnood Law Firm, P.C. can provide ...
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  • Bankruptcy Alternatives

    As a way of avoiding bankruptcy, here are some bankruptcy alternatives you can consider: Getting a second mortgage or a home equity line of credit to pay off debt. Typically, getting a second mortgage in order to pay off credit card debt can be and often is highly problematic. Consider the pros and cons to this option: PROS: You may be able to avoid filing for bankruptcy. Using second mortgage ...
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