In every Chapter 7 bankruptcy case in Georgia, you must pay all of the attorney fees and costs upfront before the case is filed. If you don’t, any money that you owe the attorney who filed your case is discharged along with every other debt in your case. Making payments toward a bankruptcy case is […]
Chapter 7 – Why You Must Pay All Attorney Fees Upfront in Georgia Read More »
If you are in an active Chapter 13 bankruptcy, you cannot receive a rapid tax refund while your case is active. The reason for this prohibition is that a rapid tax refund is a loan against the tax refund you will receive next year. While you are in an active Chapter 13 bankruptcy, you can’t
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“If I file bankruptcy in Georgia, will the creditor take the stuff I put up as collateral for the loan?” I was just asked this question by a bankruptcy client in my Rome, Georgia office this afternoon. In almost every case, the answer is no. Many Georgia bankruptcy clients have debts with small loan companies.
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If you are considering filing bankruptcy in Georgia and wish to take advantage of a free initial consultation, you do not have to bring anything to my office. Many of my clients are a bit apprehensive before filing bankruptcy and some feel a bit intimidated by bankruptcy attorneys. They may have heard stories about some
Bankruptcy – Free Initial Consultation – What Do I Need to Bring? Read More »
The Wall Street Journal recently published a great article about the credit card collection industry (Click here to read the full article). I think many Georgia consumers would be shocked to learn that in many cases, they have struggled to pay credit card debt to collectors who paid pennies on the dollar to purchase the
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In a Chapter 13 bankruptcy, you must get an accurate appraisal of the value of your house if you intend to wipe out the second mortgage in your bankruptcy. Not only must you get an appraisal that shows that your house is worth less than what you owe on your first mortgage, but you also
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Whether you file Chapter 13 or Chapter 7 bankruptcy in Georgia, you can keep contributing to your 401k retirement plan after you file. I recently met with some bankruptcy clients in my Rome GA office who were concerned that they would not be able to keep saving for retirement after they filed. These bankruptcy clients
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Second mortgage debt on a vacation home or rental property can be a tricky situation for debtors. If your vacation home or rental property gets foreclosed, your second mortgage holder can file a 1099c with the IRS and the debt will be counted as income. For some people, this could result in a huge tax
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“If I file bankruptcy in Georgia, will they take my dog?” she asked in tears. “Of course not!” I answered. I was recently asked this question by a Cartersville GA bankruptcy client last week. The answer to this question in almost every single bankruptcy case is no. I have been practicing bankruptcy for twelve years
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In most bankruptcy cases, your checking account does not get frozen unless you have a checking account with the same bank that you owe money to for some debt. However, Wells Fargo had a policy of freezing any person’s bank account who filed for bankruptcy. As part of its standard practice, Wells Fargo would run
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