If you are considering bankruptcy, the fear of losing possessions can be enough to make it seem not worthwhile, despite the crushing debt. Most individuals who are considering bankruptcy owe far more than they can pay, with no end in sight. It can become difficult to purchase simple items like food and gas, all while […]
Can I File Chapter 13 and Keep My House? Read More »
Bankruptcy filing rates are down overall, but four Georgia counties are among the top ten in the nation in terms of consumer bankruptcy filings. With 1,096 bankruptcy filings per 100,000 people, Clayton County (Jonesboro) is second only to Shelby County in Tennessee. The recession hit folks in Clayton County hard, as unemployment peaked at 13.5
Financial Troubles? When to File Bankruptcy Read More »
“A deluge has swept through U.S. bankruptcy courts of late. Consumer debt buyers – armed with hundreds of delinquent accounts purchased from creditors – are filing proofs of claim on debts deemed unenforceable under state statutes of limitations,” writes Judge Richard Goldberg in Crawford v. LVNV Funding LLC, et al (11th Circuit 7/10/14). For years,
The Tide Has Turned Against Collectors in Bankruptcy Read More »
When a person files for bankruptcy, what will happen to their guns? In Northwest Georgia, guns are a treasured commodity and part of a favored pastime. People are so crazy about guns around here that Wal-mart won’t let you buy more than two little boxes at a time. I asked a Wal-mart cashier why I
Bankruptcy and The Gun Toting Debtor Read More »
Chapter 13 bankruptcy can be a great tool for paying off an IRS tax lien without having to pay the entire amount owed on the lien. However, you must understand that in dealing with the IRS in bankruptcy, there always seems to be exceptions. If you want to know how the law applies to your
Bankruptcy – Eliminating an IRS Tax Lien With Chapter 13 Read More »
If you are in a 100 percent Chapter 13 plan in the Northern District of Georgia, you will be able to keep all of your tax refund. However, if you are in a Chapter 13 case where your credit card debt, medical debt and other unsecured debts are being eliminated in your plan, you will
Chapter 13 Bankruptcy – Where Does My Tax Refund Go? Read More »
I recently spoke to a potential client who said to me, “Hey Jeff, I need to cancel my appointment with you tomorrow because my friend told me that I make too much to file bankruptcy.” “Is your friend a bankruptcy attorney?” I asked. “No.” He responded. Until a qualified bankruptcy attorney completely reviews your entire
Do I Make Too Much To File Chapter 13 Bankruptcy? Read More »
Since Halloween is just around the corner, I thought this might be a good time for me write about a possible Chapter 13 horror story. Chapter 13 plans typically run for about three to five years. During this time, it is possible that you or your spouse may lose their job. In almost every Chapter
Chapter 13 Horror Story Read More »
Many potential bankruptcy clients hesitate to file even when reality demands it because they don’t want their employer to find out about the bankruptcy. The idea of having the court order the employer to deduct the chapter 13 payment directly out of the person’s paycheck is just flat out repulsive to some. The truth is
Employment Deduction Order in Chapter 13 Bankruptcy – Is It Required? Read More »
The word is starting to get out in Northwest Georgia that you can eliminate your second mortgage in a Chapter 13 bankruptcy. I recently met with a potential client who came to see me because he was told by a coworker that he might be able to get rid of his second mortgage. Many consumers
Chapter 13 Bankruptcy and Stripping Your Second Mortgage – Bad Idea? Read More »