Some buildings in Georgia are in such bad shape that it makes more sense to tear them down and completely rebuild from the ground up rather than trying to make repairs. In the same way, many Georgia consumers are in such bad shape financially that it makes the most sense to go ahead and file […]
Bankruptcy And The Tear Down Read More »
As a general rule, you cannot add any debt that has been incurred after the filing of a Chapter 13 to a case. A person who goes out and buys a car while being in an active bankruptcy case is going to get into some serious hot water. Taking out loans from local finance companies
Adding Debt to a Chapter 13 Bankruptcy and Staying Out of Hot Water Read More »
The Rome News Tribune recently ran an article describing the economic mess in Dalton, Georgia. Dalton has been known as the “Carpet Capital” of the world. The newspaper reports that Dalton has “lost more jobs per capita than any other in the U.S.” It doesn’t get any worse than this. Four thousand six hundred jobs
Dalton Struggles to Recover From Economic Downturn Read More »
Rising gas prices are are hitting people hard in Northwest Georgia. Going to the gas station is a frustrating experience when you see that price going higher and higher every time you go to the pump. Who do we blame for this? Whose fault is it? The Rome News Tribune recently published a good article
Rising Gas Prices Impact Chapter 13 Bankruptcy Cases Read More »
On rare occasions, a potential bankruptcy client will say something that makes me fall out of my chair. Having spent four years of college in New York City, it is fairly difficult to shock me. However, misuse of student loans are one of those things that make me fall out of my chair. Why? First,
Misuse of Student Loans to Pay Down Other Debt Read More »
The Atlanta Journal and Constitution reports a former NFL player of the year and Baltimore Ravens running back Jamal Lewis filed for bankruptcy. The Journal reports that Mr. Lewis listed $14.5 million dollars in assets and 10.6 million dollars in debts in his bankruptcy petition. Click here to review the entire bankruptcy petition. The Journal
Jamal Lewis Files Bankruptcy in Atlanta Georgia Read More »
Some local governments across the United States are turning to bankruptcy to help them deal with financial pressures brought about by this awful economy. The Wall Street Journal reports that there is a growing fear among creditors that city governments will file bankruptcy not out of necessity but as a strategy. The Journal reports that
Filing Bankruptcy Becoming Popular With City Governments Read More »
Do you remember when Mike Tyson bit off a chunk of Evander Holyfield’s ear? That was a bad day for Mr. Holyfield but this week might have been worse. Evander Holyfield said that he always thought he would be able to save his 54,000 square feet mansion on 235 acres in Fayette County, Georgia with
Could Chapter 13 Have Saved Holyfield’s House From Foreclosure? Read More »
When you file Chapter 13, your bankruptcy attorney should be able to tell you when your case will end before your case is filed. However, most clients forget. The good news in that in the Northern District of Georgia, you can set up an online account with the Chapter 13 bankruptcy trustee and monitor your
Chapter 13 Bankruptcy- How Do I Know When My Case Will End? Read More »
Did you know that in some Chapter 13 bankruptcy cases in Georgia, you only have to pay back the value of the mobile home to a creditor and not the entire balance owed? For many Georgia bankruptcy filers, this can be a huge savings. For example, let’s say you owe $70,000.00 on a mobile home
Chapter 13 Bankruptcy – Cramming Down The Mobile Home Read More »