How a Bankruptcy Lawyer can Help with Breast Cancer Debt

Many people that look into bankruptcy options are doing so because of high medical debts. The expense of breast cancer treatment is just one of many ways that high medical debts and bankruptcy can overlap.

A recent blog discussed bankruptcy and breast cancer. In this blog the daughter of a breast cancer survivor outlines the physical and mental struggles that a person going through treatment observes. What is also outlined is the financial strain that cancer can have on a person’s finances. Not all survivors are going to be able to work, at least not in the same capacity as before.

How a Bankruptcy Lawyer can Help with Breast Cancer Medical Bills:
Not all persons that receive breast cancer treatment will be able to fully repay the cost. People appreciate what their doctors have done to them, but too often the math does not add up to fully repay. To make it more challenging a women’s earning power may not be as high as it was before she was diagnosed. This is where a bankruptcy lawyer might be able to help.

  • If you have steady income and assets worth protecting (including secured debt), a Chapter 13 might be a good option
  • If you do not have assets worth protecting, then a Chapter 7 (straight bankruptcy) might be a good option.

For a Chapter 13 to make sense you will need to have income. This is important because your bankruptcy lawyer will leverage your income and other debt levels into a repayment plan proposal among your creditors. For those that have no method of repayment, or do not have income, a Chapter 7 might be a better option. Breast cancer and the medical bills associated with it play a unique role, so consulting a bankruptcy lawyer and explaining your financial situation will be critical for him to help advise you on what type of options are available.

If you have questions about how a bankruptcy lawyer can help a person with breast cancer medical bills, contact us. Berry & Associates has 10 offices throughout metro Atlanta.

Filed under: Bankruptcy Information — Tags: , , — admin @ 8:55 am

The 5 Essentials to Provide Your Georgia Bankruptcy Lawyer

When choosing a bankruptcy lawyer you want to find a person that is experienced with your situation. You want him to be a lawyer that has worked with others in your community and who understands your individual financial situation and has worked with others that have a similar financial situation in the past.

Once you have selected a bankruptcy lawyer there are several factors to consider. For example, are you better qualified for Chapter 7 or Chapter 13? Do you know the difference between Chapter 7 (straight bankruptcy) and a Chapter 13 (repayment plan)? If not, this blog and this website offers a large amount of information on each topic.

Something to consider is how can you help your bankruptcy lawyer provide you with the best service possible. Below are five essential pieces of financial information that you should provide to your lawyer. With this information he will be able to better advise you of what type of financial options are available and will help you determine in what ways you can benefit the most from the U.S. bankruptcy code and Georgia bankruptcy code.

  1. List of Creditors
  2. Past Payroll Stubs (ideal is the last 6 months)
  3. Bank Statements (ideal is the last 3 months for checking, savings, and so on)
  4. Tax returns (ideal is the last 2 years)
  5. Estimated monthly budget (your income and all expenses, including house, cars, credit cards, medical bills and so on)

List of Creditors: This information is going to be critical to your bankruptcy lawyer. When completing this list you will want to include:

  • Creditor Name
  • Amount Owed
  • Account Number
  • Creditor Address

Having this information is not necessarily going to be a quick process. It is a process that needs to occur to get the right information to your bankruptcy lawyer. With this information he is better able to help develop a bankruptcy solution that works best for your situation. If you have questions about how to get this data or why it is needed, don’t hesitate to ask. Your lawyer and his team will be able to answer your questions. Who knows, often when a question is asked, another piece of a person’s finances is uncovered. If you have a question for Berry & Associates, give us a call!


Attorney Matt Berry Comments on Georgia Bankruptcy Filings

In a recent post, Why Bankruptcy Filings will Increase in 2012, Georgia State Professor Jack Williams commented on the potential of an ”invisible class of debtors who can’t afford to file.” The article also featured a quote from Matt Berry of Berry & Associates in Atlanta. Like Williams, Berry agrees that there is a large portion of Georgia residents that want to file, but cannot afford to at this time.

The assumption is that bankruptcy petitions will increase in Georgia as the employment rate improves. As people get back to work, those in financial trouble will be able to pay the price of filing and they will have the income needed to pay their creditors. The need for income is necessary for filing a Georgia Chapter 13 for example. Equally, as people have income, and pressure from creditors for repayment, the desire to take action will increase because residents will have more to lose.

Read the Boston.com article: Bankruptcy Filings Down but May Signal Financial Struggles

As the economy improves it is also expected that creditors will put additional pressures to collect from debtors. In the last year foreclosure filings have been more relaxed, which is an indicator that an uptick may occur later in 2011, if not in the first half of 2012. Attorneys like Berry are preparing for the economy to shift and more consumers to come to his law firm with questions. His law firm Berry & Associates operates 10 bankruptcy law firm locations in metro Atlanta.


Why Bankruptcy Filings will Increase in 2012

Many bankruptcy industry experts think we are facing the calm before the storm. The bankruptcy news has been promising in many areas lately, despite housing issues, high unemployment and credit issues.

Is the bankruptcy filing rate down because the economy is better for those on Main Street, or is it because consumers considering bankruptcy cannot afford to file, or are not receiving enough pressure to tip them towards filing?

A recent article came out that featured a quote from Jack Williams. Williams is a Georgia State University law professor suggests that there is an “invisible class of debtors who can’t afford to file.” If this invisible class is true, then bankruptcy rates will go up as unemployment goes down and the economy recovers.

The logic behind this is that people will have more of value and an easier ability to file for bankruptcy. If this starts to take affect later this year, into 2012 and beyond, it is sure to keep Georgia lawyers busy with Chapter 7 and Chapter 13 filings.

Filed under: Bankruptcy Information — Tags: , — admin @ 7:15 am

Is $50,000 Credit Card Debt Enough for Bankruptcy?

Overcoming credit card debt can be a difficult task. Depending on your income and other debts, you may find that bankruptcy is a good option. How much is enough? At what point is it worth filing for Chapter 7 or Chapter 13?

Question: Is $50,000 Credit Card Debt Enough for Bankruptcy?

Answer: Perhaps. It depends on your ability to pay back the credit card(s). If you are able to repay back the $50,000 credit card debt over the course of a few years, then a personal bankruptcy might be avoidable. It will be tough work, but paying back your credit card without bankruptcy has other benefits to your overall financial health. In the event you cannot pay back the $50,000 in full, then there are other options available that you may want to discuss with your Georgia bankruptcy lawyer.

  • Chapter 7 bankruptcy: A Georgia Chapter 7 is also known as a straight bankruptcy. If you are able to shed your debts and start anew, then this is an option worth looking at. People that consider a Chapter 7 often do not have a large number of assets that they are looking to protect, such as a house.
  • Chapter 13 bankruptcy: A Georgia Chapter 13 is a repayment plan between you and your creditors. In this solution you work together to work out a payment plan that will be completed over the course of 3-5 years. If you own a home and are trying to avoid a foreclosure, this is a good option to consider. Same applies if you have other assets of value that you want to protect.

Gwinnett County Chapter 13 Bankruptcy Tips

Gwinnett County is perhaps the second hardest hit county in Georgia for foreclosures. In July alone there where 468 Lawrenceville Foreclosures in Gwinnett County alone. Gwinnett had just over 1,310 foreclosure actions for the month, which made it the second highest county in terms of activity in Georgia. Only Fulton had more foreclosure actions.

What is significant about this is the percentage that Lawrenceville is making up of foreclosure actions in the county. With over a third of all actions, Lawrenceville residents can surely benefit from additional knowledge about foreclosure and how bankruptcy law affects it. In particular Chapter 13 and how it the Georgia bankruptcy code affects it is something that any resident facing a potential bankruptcy needs to know about.

A Chapter 13 is a repayment plan that is established to settle your debts (at a reduced price) with your creditors. It is filed in court and is approved by a judge. A bankruptcy lawyer often helps with the plan. Contacting a lawyer is not required to complete a Chapter 13. If you have income (ie, capable of repaying) and you have assets worth protecting (home, car, etc), then Georgia Chapter 13 bankruptcy options are something that you need to consider learning about, especially if you are behind with your creditors, capable of repaying. It is expected that foreclosure actions in Gwinnett County will remain high, which makes understanding these Chapter 13 bankruptcy tips so important.

Berry & Associates has 10 Atlanta bankruptcy law offices throughout the metro, including a Gwinnett County office in Duluth, GA.

Gwinnett County Berry & Associates Duluth Bankruptcy Law Office
3235 Satellite Blvd.
Building 400, Suite 300
Duluth, GA 30096
Tel: (404) 425-5181


What Breast Cancer Bankruptcy Options Exist for Medical Debt?

This is a guest blog post from Nicole, the daughter of a breast cancer survivor. Nicole is a direct witness to the affects that breast cancer can have physically, mentally and for the fortunate that survive, financially onto them and their family.

When the doctor comes in and informs you that you have breast cancer, it’s a whirlwind of emotions. Sometimes going from having cancer to being cancer free can be shorter than the time you financially recover from the diagnosis.

Not only do you have the obvious expenses of doctor and specialist visits co-pay, cost of the chemotherapy and radiation sessions, and the cost to and from the hospital, but you also have other cost that still encompasses your care, but might not be covered. If you have insurance, and depending on your insurance coverage, you could be writing a check to the hospital for your co-payment for treatment 3 to 5 times a week, depending on your cancer treatment. If you’re on a fixed income, this additional cost can be a huge impact on to your family budget. Also, maybe you’re already living paycheck to paycheck and you’ need to place your treatment cost, travel expenses, and other aspects of your care on a credit card or a few.

To obtain some of the best treatment in the area or to see your doctor who might travel from hospital to hospital, the cost of travel can become quite significant. Also, you might need to have a family member or neighbor take you for treatment because you might be too sick to drive, and need to compensate them for their time and expense. Some additional expenses of breast cancer might include the cost of wigs, hats, time off from work during your treatment time and also to regain your strength back, oral medication, and possibly even breast prosthesis post cancer.

Breast Cancer & Bankruptcy

All these cost add up… fast. You’re healthy and cancer free, but you’re now living under a mound of debt and might be unemployed. Now what? For many women personal bankruptcy is an option to consider because the mountain of debt from the treatment creates. Personal bankruptcy options such as a Georgia Chapter 7 or Georgia Chapter 13 bankruptcy filing might be an option for you to explore with an experienced bankruptcy lawyer.

About the Author: Nicole witnessed her mother undergo breast cancer treatment in 2003-2004. In learning more about cancer survivors she has witnessed other women go through the emotional changes and financial struggles of being a survivor.


Lawrenceville Foreclosures were 468 of 1,310 in Gwinnett County

Gwinnett County was hit hard with foreclosure actions. The city of Lawrenceville, GA has one of the highest number of foreclosure actions for July 2011. Many of these residents wanted to avoid the prospect of losing their home. Had action been completed previously with a bankruptcy attorney, action could have been taken. Berry & Associates has 11 offices throughout metro Atlanta with an office easily located off I-85 in Duluth.

In Georgia, only Fulton County has more foreclosure actions than Gwinnett County and Lawrenceville, GA is leading the county by over a 2:1 margin. In July 2011 there were 468 foreclosure actions in Gwinnett County in Lawrenceville alone, with Buford (172) coming in second, Snellville (167) third, and Norcross (122) forth. RealtyTrac spilts Duluth foreclosures between Gwinnett and Fulton. Total Duluth foreclosures where 134 with 88 being credited to Gwinnett and 46 to Fulton.

Below is the July 2011 breakdown of  Gwinnett County foreclosures according to RealtyTrac:

  • Lawrenceville Foreclosures = 468
  • Buford Foreclosures = 172
  • Snellville Foreclosures = 167
  • Norcross Foreclosures = 122
  • Dacula Foreclosures = 88
  • Duluth Foreclosures = 88
  • Lilburn Foreclosures = 85
  • Suwanee Foreclosures = 83
  • Grayson Foreclosures = 36

Had residents of Lawrenceville acted sooner, a bankruptcy attorney could have helped them possibly save their home. Personal bankruptcy options such as Chapter 13 can be a tool used to stop a foreclosure. The Berry & Associates office in Duluth has many questions come in from local residents on a daily basis asking about Chapter 7 and Chapter 13 advice from our local lawyers and experience law office team.

Gwinnett County Berry & Associates Duluth Bankruptcy Attorney
3235 Satellite Blvd.
Building 400, Suite 300
Duluth, GA 30096
Tel: (404) 425-5181
- Berry & Associates attorneys help Gwinnett County residents with Chapter 7 and Chapter 13 bankruptcy cases.

See the latest Gwinnett County foreclosures from RealtyTrac.


Kennesaw Foreclosures were 98 of 782 in Cobb County

Did you know that you might be able to stop a foreclosure action against you? It is possible if you know how the bankruptcy code works. Berry & Associates has help 25,000 residents with bankruptcy cases. We know the law and how it is applied.

Cobb County foreclosure actions increased in July to 782 from 763 in July. Kennesaw foreclosures were 98 of the 782 Cobb County foreclosure actions with Marietta having the most (288) and Powder Springs having the second most (104).

  • Marietta Foreclosures = 288
  • Power Springs Foreclosures = 104
  • Kennesaw Foreclosures = 98
  • Acworth Foreclosures = 82
  • Smyrna Foreclosures = 74
  • Austell Foreclosures = 74
  • Mableton Foreclosures = 62

Could all of these Cobb County foreclosures been avoided? Of course not. Several of them could the have prevented if they had a Georgia bankruptcy lawyer representing them. The common technique that would be explored is a Chapter 13 bankruptcy, which residents of Cobb County can contact our Kennesaw office if they have questions about.

Cobb County Berry & Associates: Kennesaw Bankruptcy Attorney
125 Townpark Dr.
Suite 500
Kennesaw, GA 30144
Tel: (404) 425-5184
- Our lawyers help Cobb County residents with Chapter 7 and Chapter 13 bankruptcy cases.

See the latest Cobb County foreclosures from RealtyTrac.

Filed under: Economic News — Tags: , , , — admin @ 8:04 pm

How Do College Students Affect the Unemployment Rate?

Each generation often sees the next in generalizations in a negative light. Sometimes this is deserved, but not always. The job market of today has pushed those with 1-3 years of experience into competition against recent college graduates. Even internship positions once seen as undesirable to anyone other than a college student are becoming more competitive, often with applicants more than double the age of the average college student. With all this negative news around college students and job opportunities, why didn’t the unemployment rate plunge after college graduation last spring?

The answer is simple, college students are not being counted towards the unemployment rate. This can happen for a few reasons. The primary reason is that the college students, for counting purposes, are not “in” the employment pool and thus unemployed, so they can’t be counted. Think of it, college students while in school can’t collect unemployment benefits because there is typically no company to tie them back to. Same applies for recent college graduates. For those looking to get their first full time position, it is easy to see why they are unemployed, but not counted as being unemployed.

The 2011 year has been difficult for college graduates. For example the average 2011 college graduate debt is $22,900. This high debt, combined with credit card debt, and lower salaries is likely to translate to a higher college graduate bankruptcy rate for 2011.

If you have debt questions, including college student or recent graduate bankruptcy questions, contact the Georgia bankruptcy attorneys at Berry & Associates.




Ready to Get Help?

Complete the Contact Us Form below and we will call you right away to answer your questions about Bankruptcy. Don't Wait -- Find out if Filing Bankruptcy is your best option today!

Free Bankruptcy Case Review

Name:
Email:
Phone:
City:
State:
How did you find our site?
How Can We Help?
« Newer PostsOlder Posts »


Talk with an experienced bankruptcy attorney today to evaluate your financial situation for free.

Call us toll free at 1-800-414-3328 or from Atlanta Metro area at 404-235-3328