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I reside in Georgia and I am considering filing for Chapter 7 bankruptcy.
I have zero assets and I am self employed. Do I have time to file before the new law takes effect ? Should I file or not ?
This is my first try at this format so forgive my be tentative.
I am not sure if I should file, I have over $30,000 in debts, no assests and I am self employed. I have read where sometimes the best thing to do in this situation is to do nothing.
Let me say this then. Since you are self-employed, your total income is considered 'receivables'. As such, if you are sued and a judgment rendered against you, a judgment creditor can take ALL of your income ! Since you have no 'wages' to garnish, receivables are 100% fair game.
Let me say this then. Since you are self-employed, your total income is considered 'receivables'. As such, if you are sued and a judgment rendered against you, a judgment creditor can take ALL of your income ! Since you have no 'wages' to garnish, receivables are 100% fair game.
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