Have you ever had a nightmare that seemed so real that your heart started racing? Have you ever had one of those nightmares where you thought your suffering would never end? Then,…….you woke up. Do you remember feeling that wave of relief wash over you as you exclaimed, “Thank you God that it was only […]
The Nightmare of Chapter 7 Bankruptcy Preference Payments Read More »
A bankruptcy judge in Louisiana recently ordered Wells Fargo to pay $3,171,154.00 in punitive damages for violating the automatic stay. The Huffington Post has a great summary of the case. To read the complete bankruptcy judge’s decision, click here. Here is a super short summary of the case: The debtor was in an active Chapter
Wells Fargo Ordered by Bankruptcy Judge to pay $3.1 Million Penalty Read More »
There has been quite a bit of excitement in the Georgia bankruptcy world this past month because the bankruptcy exemption for a residence was raised to $21,500.00 for an individual and $43,000.00 for a married couple. Can you protect the equity in rental homes? Click here to read the blog post I wrote on the
Bankruptcy – Can I Protect the Equity in Rental Homes? Read More »
It’s time for all Georgia consumers to smile. Georgia’s governor, Nathan Deal, recently signed a new law that raises the bankruptcy exemption for Georgia residents from $10,000.00 to $21,500.00 for individuals and from $20,000.00 to $43,000.00 for married couples. This is good news for any Georgia consumer that is considering bankruptcy. In the short run,
Breaking News – Georgia Doubles The Bankruptcy Exemption For Homes 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 »
To some people, bankruptcy seems like a magic wand. Abracadabra and all of your credit card debt, medical debt, signature loans, and other unsecured debt are magically wiped out. In addition, all of the nasty collection calls and lawsuit threats come to a screeching halt. Some people will claim that they heard about a friend
Bankruptcy and the Magic Wand Read More »
It seems so obvious. Avoiding bankruptcy by sticking your head in the sand just won’t work. However, you would be amazed at the large number of people who try it. They just stop answering the phone. They stop opening their mail. It seems to work for a while. Reasons People Bury Their Head in the
Avoiding Bankruptcy – Sticking Your Head in the Sand Won’t Work Read More »
Can bankruptcy help you fine tune your life like a guitar? Absolutely! Yesterday, I was playing guitar with my son. His guitar was way out of tune. The sound just irritated my ears. Twang…….the notes just did not flow together. Every time he tried to play his guitar, it just did not sound right. He
Bankruptcy Can Help You Fine Tune Your Life Read More »
It’s tax refund season—and if you’re thinking about filing for bankruptcy, there’s one question you’re almost guaranteed to hear during your 341 Meeting of Creditors: “How did you spend your tax refund?” This isn’t just small talk. Your answer could significantly impact your bankruptcy case—especially if it hints at misuse of funds. What Not to
Tax Refund Trouble? Here’s How to Stay Out of Hot Water in Bankruptcy Court Read More »
I often meet with clients who have a mountain of student loan debt and would love to wipe it out in bankruptcy. “Please tell me that there is some way that we can get rid of this mountain of student loan debt!” some will say. Unfortunately, getting rid of student loan debt in bankruptcy is
Bankruptcy and Student Loans – Why Can’t They Be Wiped Out? Read More »