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J. Jeffrey Williams
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J. Williams’s Legal Guides

20 total


  • Is Bankruptcy Ethical?

    Many people hesitate to file bankruptcy because they perceive it as shameful, or shady, or unethical. BANKRUPTCIES SKYROCKETINGBankruptcy is far more common than it used to be.For the last few years, there have been about 6,000 bankruptcy filings in the U.S. per work day.When ...

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  • CAN I SAVE MY HOUSE FROM FORECLOSURE?

    Many people file bankruptcy as a last-ditch effort to save their house from foreclosure. Georgia is one of the very few states which allows non-judicial foreclosure. This means the lender can auction off your house if you are in default, after giving notice, without the courts ...

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  • Top 10 Myths about Bankruptcy

    1. Bankruptcy will ruin my credit for ten years. Not true. It is true that bankruptcy stays on your credit history for ten years at all three major credit reporting agencies, but your credit score is updated and recalculated at least four times a year by these same agencies, ba...

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  • WHAT YOU CAN DO ABOUT STUDENT LOAN DEBT

    To many people with large student loans, their financial future looks bleak, especially if their expensive education has not led to a good-paying job. The debt collectors for these loans are unusually ruthless and inflexible, and in most cases, the indebtedness cannot be dischar...

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  • SHOULD YOU HAVE AN S-CORP, A C-CORP, OR AN LLC?

    In setting up a small business entity, you have several options: an S- or C-corporation, a "closely- held" S- or C-corporation, an LLC, a partnership, and a sole proprietorship. Let's eliminate the last one right away. In a sole proprietprship, there is no legal difference bet...

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  • THE PROSPECTS OF RECEIVING CREDIT AFTER BANKRUPTCY

    Many people have the idea that after filing bankruptcy, their credit is ruined and they will never have a decent credit score again. This is not guaranteed to be true. Whether it happens may depend on you. Even if you vow to never use credit again after filing bankruptcy, you ne...

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  • ALL ABOUT GARNISHMENTS IN GEORGIA

    (Note: The garnishment laws in other states can be very different.) IF YOUR WAGES OR BANK ACCOUNT ARE BEING GARNISHED, YOU PROBABLY HAVE A FINANCIAL EMERGENCY. CAN YOU KEEP UP WITH ALL YOUR OTHER BILLS IF 25% IS DEDUCTED FROM EVERY PAYCHECK? AFTER READING THE INFORMATION BELOW,...

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  • Should My Corporation or LLC File Bankruptcy?

    By Attorneys Jeff Patty Williams If you have a Corporation or an LLC, there is no personal liability for any of the debts unless you signed a personal guarantee. But if do not have a corporation or an LLC, and instead own a Sole Proprietorship or are a partner in a business, y...

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  • Should I form an S-corporation, a C-corporation, a Close Corporation, or an LLC?

    Small businesses should almost always be organized as a corporation or as an LLC. Many organize as a Sole Proprietorship (this is what you are if you do nothing) or as a Partnership (with two or more partners); but if times get tough, any creditors can sue you (and your partners...

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  • CHAPTER 11 BANKRUPTCY FOR SMALL CORPORATIONS AND LLC’S

    Chapter 11 bankruptcy is sometimes considered by owners of small corporations or LLCs. Chapter 11 is primarily meant for reorganizing the financial affairs of large and small corporations, partnerships, and LLCs, to enable the business to continue to operate and hopefully becom...

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