Category: Bankruptcy

When you go through bankruptcy for the first time, you’re stepping into the unknown. Even with excellent attorneys to help you, you might get anxious about some of the formal-sounding terms, processes, and documents that you encounter on a daily basis.

Facing the possibility of bankruptcy can be overwhelming, especially when you’re worried about your future access to credit cards. The fear of choosing between financial ruin and permanently damaged credit is daunting. However, understanding the connection between bankruptcy and credit cards, and how it affects your credit card debt and credit score, can help you…

Until you file for bankruptcy or know someone who does, it’s easy to hold stereotypical views about bankruptcy filers. You might think they’re young people who have spent wildly and now suffer the consequences of college and credit card debt. Or perhaps you imagine a low-income family unable to make ends meet with minimum-wage jobs….

Bankruptcy often carries a stigma that evokes fear and uncertainty. The mere mention of the word “bankruptcy” can feel like the end of the road for many. However, much of this fear stems from common myths about bankruptcy that mislead people about its true implications. At Burrow & Associates, we aim to clarify these misconceptions,…

Chapter 7 bankruptcy, often called liquidation bankruptcy, is commonly chosen by individuals in Georgia struggling to meet their debt obligations. This option may be appropriate if your income is below the state median for your household size or if you qualify through the “means test,” which evaluates your financial capacity to pay off debts given…

The truth about filing bankruptcy is that it can feel daunting, and there’s often a stigma attached to it, leaving many feeling embarrassed. However, the real challenge comes from trying to go through the process without legal help, as it can be complicated. Missing deadlines, mishandling paperwork, and not understanding specific rules or terms can…