To some people, bankruptcy seems like a magic wand. Abracadabra and all of your credit card debt, medical debt, signature loans, and other unsecured debt are magically wiped out. In addition, all of the nasty collection calls and lawsuit threats come to a screeching halt. Some people will claim that they heard about a friend […]
Bankruptcy and the Magic Wand Read More »
It seems so obvious. Avoiding bankruptcy by sticking your head in the sand just won’t work. However, you would be amazed at the large number of people who try it. They just stop answering the phone. They stop opening their mail. It seems to work for a while. Reasons People Bury Their Head in the
Avoiding Bankruptcy – Sticking Your Head in the Sand Won’t Work Read More »
Can bankruptcy help you fine tune your life like a guitar? Absolutely! Yesterday, I was playing guitar with my son. His guitar was way out of tune. The sound just irritated my ears. Twang…….the notes just did not flow together. Every time he tried to play his guitar, it just did not sound right. He
Bankruptcy Can Help You Fine Tune Your Life Read More »
It’s tax refund season—and if you’re thinking about filing for bankruptcy, there’s one question you’re almost guaranteed to hear during your 341 Meeting of Creditors: “How did you spend your tax refund?” This isn’t just small talk. Your answer could significantly impact your bankruptcy case—especially if it hints at misuse of funds. What Not to
Tax Refund Trouble? Here’s How to Stay Out of Hot Water in Bankruptcy Court Read More »
I often meet with clients who have a mountain of student loan debt and would love to wipe it out in bankruptcy. “Please tell me that there is some way that we can get rid of this mountain of student loan debt!” some will say. Unfortunately, getting rid of student loan debt in bankruptcy is
Bankruptcy and Student Loans – Why Can’t They Be Wiped Out? Read More »
Some people just are not meant for Chapter 7 bankruptcy. However, even though their car won’t fit into the space, some people demand that their attorney file their Chapter 7 case anyway so that they can get their opportunity for a fresh start. A small number of people will meet with one bankruptcy attorney who
Chapter 7 Bankruptcy – Squeezing Into A Case Is A Bad Idea Read More »
I wish that I could tell you that the bankruptcy means test is logical, makes sense mathematically, and ends with a just result. However, the truth is that the bankruptcy means is not a product of logic. Its a product of politics that was created by Congress. As a consequence, sometimes the end result makes
Secret Georgia Law May Help You Pass the Bankruptcy Means Test Read More »
Real debt collectors are bad enough. They ring your phone all day and most are extremely unpleasant to deal with. Now we find out that there are fake debt collectors who are trying to squeeze victims out of their hard earned money. The Wall Street Journal recently reported that United States Federal authorities have cracked
Foreign Fake Debt Collectors Target U.S. Consumers Read More »
The Wall Street Journal recently reported that the federal government finalized an agreement worth as much as $26 billion with Ally Financial, Wells Fargo, Bank of America, Citigroup, and J.P. Morgan Chase and Co. The purpose of this agreement is to settle alleged foreclosure abuses by these lenders. On the surface, this appears to be
Government Settles Foreclosure Dispute With Five Major Banks Read More »
Can you imagine living in a state where a mortgage company could take your house away from you through foreclosure without you ever knowing about it? Welcome to Georgia! Your mortgage company currently has no legal obligation to notify you of their intent to foreclose on your home. However, in a recent online edition of
Georgia Senate Approves Foreclosure Notification Bill Read More »