As a bankruptcy attorney in Georgia, I see it all the time. A child gets accepted into a prestigious university but they don’t have the cash to pay the enormous price tag. Reluctant to tell their child that they cannot pursue their dreams, more and more parents take out student loans for their children with […]
WSJ Reports that Parents are Drowning in Student Loan Debt Read More »
Chapter 13 is a great tool for getting out of financial hell. It stops foreclosures, repossessions, garnishments and best of all…..those pesky creditor phone calls. Many people like to refer to Chapter 13 as the “catch your breath provision” of the bankruptcy code. In contrast to Chapter 13, Chapter 7 enables you to eliminate all
Get Out Of The Debt Pit With Chapter 13 Or Chapter 7 Bankruptcy Read More »
Goals. While January is a great time to plan New Year’s resolutions, March is a great time to check in and see how you are doing. Whenever I think about planning for the future, I think about my good friend Bill Johnston. He was a friend who died way too young. Bill was the most
Tribute to Goals Master Bill Johnston Read More »
There are two types of bankruptcy that debtors can file — Chapter 7 and Chapter 13. Chapter 7 is the better known of the two chapters and is significantly quicker and frequently cheaper to deal with than filing Chapter 13. However, many debtors still opt for filing Chapter 13 for various reasons, including: making too much
What Is Involved in Filing Chapter 13 Bankruptcy? Read More »
Almost all political pundits said he never had a chance. Against all odds, Donald J. Trump is now our president. In addition, the Republicans now have solid control of the House of Representatives and the Senate. What does this mean for the bankruptcy world? In this article, I will speculate as to what I think
Trump Victory and Potential Changes to Bankruptcy Laws Read More »
Some debtors in need of filing bankruptcy are hesitant to do so because of one reason: they don’t want to lose their home. This can lead to serious debt issues and stress they might have been able to avoid if they had instead asked a knowledgeable bankruptcy attorney what can happen to a person’s home
Saving Your Home and the Georgia Bankruptcy Homestead Exemption Read More »
As part of an ongoing trend, revenue-strapped Lawrenceville announced that it would seize income tax returns to satisfy delinquent accounts. Under the Tax Return Intercept Program, participating local governments essentially place a lien on certain tax returns. Taxpayers in these situations should receive a notice letter that gives them thirty days to successfully challenge the
Discharging Taxes in Bankruptcy Read More »
Many debtors who want to file bankruptcy worry about the same issue: Can I lose my car in a Chapter 7 bankruptcy? Most debtors incorrectly assume that their vehicles are automatically safe in a bankruptcy. Unfortunately, that is not the case. All debtors should ensure that they take the proper precautions before filing and inquire
Can I Lose My Car in a Chapter 7 Bankruptcy? The Georgia Auto Exemption Read More »
Contrary to popular myth, bankruptcy debtors do not automatically lose their non-exempt assets, even in Chapter 7 liquidations. The trustee (a court-appointed bureaucrat who oversees the case on behalf of the judge) is under no duty to perform such random seizures. Instead, the bankruptcy trustee must examine non-exempt assets and determine if it is worthwhile
Do You Have Too Much Money and Too Many Non-Exempt Assets to File Bankruptcy? Read More »
Qualifying through the Georgia Chapter 7 Means Test Generally, there is one roadblock that stands between debtors and their Chapter 7 discharge: qualifying through the Georgia Chapter 7 Means Test. The most common chapter of bankruptcy filed by debtors is Chapter 7. Chapter 7, outside of certain specific situations, is the more desirable of two
Chapter 7 Means Test Read More »