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 […]
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 […]
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 […]
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 […]
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 […]
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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