In a recent article, the Wall Street Journal reports that the HAMP Program helps only one in four people who apply for the mortgage relief (click here to see the full article). As a Georgia bankruptcy attorney, I’m surprised that its as high as one in four. The Journal reports that “just one in four […]
WSJ Reports That The HAMP Program Helps Only 1 in 4 Read More »
The biggest myth about Chapter 7 bankruptcy is the belief that you will be able to keep your house and car without having to pay for them after you file. I’m shocked that I hear this at least once month. In fact, I spoke with a potential Dallas GA bankruptcy client today who became quite
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Filing bankruptcy is a tough decision. Many of my clients from Dallas, Hiram, Dalton, Cartersville and Rome Georgia will tell me that they feel like they are a bad person because they are filing bankruptcy. This stigma bothers me because its not true and it keeps good people from getting their life back in order.
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“How will my filing bankruptcy affect my husband?” I recently received this question from a panicked Dallas GA bankruptcy client on the phone this past week. She had recently remarried and did not want to harm her new husband in any way shape or form. In her first marriage, she and her now former spouse
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The bankruptcy means test forces debtors who earn high incomes to pay back their creditors a certain amount of money as determined by the results of a formula. In this formula, there are many types of deductions that a debtor can take which will result in a lower Chapter 13 payment. The bankruptcy means test
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Balloon notes can present some serious issues in a Chapter 13 bankruptcy. As a Georgia bankruptcy attorney, I’ve seen some situations work out and other cases end up serious trouble because of balloon notes. A balloon note is a type of mortgage which does not fully amortize over the life the loan. Thus, there is
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“When considering bankruptcy, should I wait until I receive my tax refund before I file?” As a bankruptcy attorney, this is a frequent question I get in my Dalton, Rome, Cartersville and Dallas, Georgia offices every year from January until April. The answer to this question is, “It depends.” I understand that this answer can
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“Can a creditor garnish money from my checking account in Georgia?” Just the other day, one of my Dallas Ga bankruptcy clients asked me this question. The answer to this question is yes. “How much can they take out of my checking account?” The answer is however much they need to take out of your
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“Can you file Chapter 13 bankruptcy and still obtain a loan modification of your mortgage?” I’ve been fielding this question quite a bit lately. Just the other day, I was speaking with a client in my Dalton office about this topic. The answer is yes. You can obtain a loan modification of your mortgage while
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“How fast do I need to file bankruptcy to stop a foreclosure in Georgia? When is it too late to file? Can I wait until the last second?” I get these questions from potential bankruptcy clients in Dallas, Cartersville, Rome, Calhoun and Dalton, Georgia every month. Technically, as long as you have a bankruptcy case
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