The Wall Street Journal reports that “GMAC Home Mortgage, Inc. a unit of Ally Financial Inc., J.P. Morgan Chase & Co.’s home loan unit and Bank of America Corp. have taken the unusual step of suspending tens of thousands of foreclosures in the 23 U.S. states that handle foreclosures through the court system, including New […]
Who is going to know if I file bankruptcy? I get this question a lot. This past Friday, I was asked this question by a client in my Dalton, Georgia office. When you meet with me, I promise to give you the cold hard truth. Unfortunately, the cold hard truth is that filing bankruptcy is […]
The Chapter 7 trustee can file a lawsuit to go after game show winnings of bankruptcy debtor Kathy Cox. This past week, I received a phone call from a Hiram Georgia client asking for my opinion about this situation they read about in the newspaper. While Kathy Cox was the Georgia State Superintendent of Schools, […]
The credit card company will begin their collection efforts against you when you stop paying your monthly bill. Many of the bankruptcy clients I meet with in Northwest Georgia will stop paying their credit card bills as soon as they make the decision to file for bankruptcy. Why should you keep depriving yourself of necessities […]
When facing a possible foreclosure in Georgia, what should you do when you owe more money on your house than its worth? I get this question a lot. Just this past week, I met with a couple in my Rome GA office who asked this question. In their case, the house was their only debt […]
Cosigning loans for his children may stop Nathan Deal from becoming Governor of Georgia. The Atlanta Journal has reported extensively on this mess over the last two weeks. Here is how Nathan Deal wrecked his personal finances. His daughter and son-in-law had a dream of opening a store called Wilder Outdoor Inc. The problem with […]
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