Once you receive your bankruptcy discharge, you no longer legally owe your creditors for any discharged debts. You can resume your economic life without court supervision, except you must tell the court if you receive or become eligible to receive an inheritance, insurance proceeds, or proceeds from a divorce settlement within 180 days of the date you originally filed your papers. Bankruptcy remains on the credit report for nearly 10 years and thereby it becomes difficult to get any sort of credit from the banks including mortgage and car loan. Most of the lenders would reject your application if they see that you have filed for bankruptcy. Even if you manage to get credit, you will be charged high rate of interest.
As a general rule, bankruptcy will discharge you from all debts except for the following:
1. Certain long-term obligations such as a home mortgage;
2. Debts for alimony or child support;
3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the your conviction of a crime.
Our bankruptcy attorneys are based in Columbus, GA (Georgia). If you are located in Columbus, GA (Georgia), Fort Benning GA (Georgia), Chattahoochee County, Harris County, Marion County, Muscogee County, Lagrange, Atlanta, Albany, Newnan, Peachtree City, Carrollton, Muscogee County, Troup County, Phoenix City AL or Opelika AL, contact us. We can help you file for bankruptcy.
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Columbus Georgia bankruptcy lawyer | Bankruptcy attorneys in Columbus GA and Fort Benning – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Columbus GA and Fort Benning
http://www.columbus-ga-bankruptcy.com
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