If you are considering bankruptcy in Georgia, don’t listen to the legal advice of your friends. I recently met with a Calhoun GA bankruptcy client who had all kinds of misinformation about bankruptcy because they listened to their friends. The most common example of bad advice from friends that I hear from people who are […]
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The FTC recently issued a press release announcing tougher regulations on debt relief companies (click here to read the press release). Under this new rule, debt relief companies can no longer charge an upfront fee “before they settle or reduce a customer’s credit card or other unsecured debt.” FTC Chairman Jon Leibowitz states, “This rule
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The bankruptcy means test numbers for Georgia change on November 1, 2010. The Georgia bankruptcy means test income limits are based on the average income of individuals and families. As everyone knows, the economy has been awful for last three years. As a result, the average income for people has been going down. Ironically, this
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In a Chapter 13 bankruptcy, your plan payment will increase when you pay off your 401k loan. I recently met with a Cartersville GA chapter 13 bankruptcy client who had this question. Like many Georgia consumers, this Cartersville GA bankruptcy client tried to fix their credit card situation by borrowing against their 401k in an
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In a chapter 7 bankruptcy in Northwest Georgia, a creditor can file an objection to a discharge of their debt. The legal term for this is a complaint to determine dischargeability. The most common scenario where a creditor will file a complaint to determine whether debts will be discharged in a chapter 7 bankruptcy is credit
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“After filing bankruptcy in Georgia, will I be able to keep my four wheeler?” Last week, I was asked this question by a Rome GA bankruptcy client. In their situation, the four wheeler was their child’s toy that they drove around every day after school. The thought of taking it away from their child clearly
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The Wall Street Journal reported today that GMAC and Bank of America restarted foreclosures that were previously frozen because of document concerns (Click here to read the full article). The Journal reports that Bank of America has reopened more than 100,000 foreclosure actions because it “had found no significant problems in its procedures for seizing
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Any person who files for Chapter 13 bankruptcy should keep a folder with proof of all of their post petition mortgage payments. Mortgage companies will occasionally make mistakes and will accuse a bankruptcy debtor of missing mortgage payments when the payments were in fact paid on time. I recently had a Rome GA bankruptcy client
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Can I file Bankruptcy in Georgia and keep all of my antiques? Just the other, I got this question from a Rome GA bankruptcy client. My response is, “It depends.” The Georgia statute that enables you to exempt property in bankruptcy allows you to keep up $5,000.00 worth of household furniture for a single resident
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The Atlanta Journal and Constitution recently reported that Bank of America will temporarily stop foreclosures so that it has time to make sure all of their documents are in order. This past Friday, I received a call from a Chatsworth GA bankruptcy client who is wondering if this means their foreclosure scheduled for the first
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