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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“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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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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“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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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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