After filing Chapter 7 bankruptcy, you will not be on hook for your first or second mortgage if you don’t sign a reaffirmation agreement. After filing Chapter 7, many people move out of their house thinking that they are finished with that stinker. They have received a Chapter 7 discharge and believe that they have […]
After Filing Chapter 7 – Will I Still Be On The Hook For the House? Read More »
The bankruptcy means test can really ruin a person’s day. Every now and then, I meet with a high income potential Georgia bankruptcy client who ends up with a means test number that just won’t work in reality. Usually, this person will come into my office who had a friend that recently filed bankruptcy with
How Can You Get Around the Bankruptcy Means Test? Read More »
When considering bankruptcy, retirement should definitely be taken in account. I meet with quite few potential bankruptcy clients in Dalton, Dallas, Cartersville and Rome, Georgia who reluctantly come to my office and resist the idea of bankruptcy even though economic reality demands it. The tide usually begins to shift when we start talking about retirement.
Is Retirement A Factor When Considering Bankruptcy? Read More »
As everyone in Georgia knows, home values have been falling this past year. On the down side, this means that borrowing on the equity of your home is difficult and if you are trying sell, you may not be able to get the price you need. People all across Northwest Georgia, from Dalton to Rome,
What Falling Home Values Mean to Homeowners in Georgia Read More »
The bankruptcy means test was not thrown into the toilet in the Lanning decision. A District Court in the Ninth Circuit has recently ruled that the Supreme Court decision in Lanning does not mean that the bankruptcy means test can be completely ignored (click here to see a blog post I wrote about Lanning). In
The Bankruptcy Means Test Cannot Be Ignored Read More »
When a cosigner does not pay a debt, the bottom line is that the creditor will now be coming after you. The story usually goes something like this. Daughter’s car broke down on Walnut Avenue coming home from grocery store. The engine fell out and now she is desperate for transportation. Her old car had
Cosigner Did Not Pay The Debt – What Now? Read More »
Getting a tax refund every year is a bad idea because you have basically given the federal government an interest free loan with your money. It makes more sense to change the amount of exemptions you claim on your paycheck so that you will receive more income each payday and the government will hold on
Getting A Tax Refund Every Year Is A Bad Idea Read More »
The recent rise in used car prices will impact both Chapter 13 and Chapter 7 cases in Georgia. The Wall Street Journal recently reported that “prices for used cars hit a record high in April and are poised to go even higher as production cutbacks during the recession and the more recent Japanese earthquake has
Rising Used Car Prices Will Impact Bankruptcy Cases In Georgia Read More »
If your house was damaged and you intend on filing a claim with your insurance company, the first step is to speak with the insurance adjuster. They will come to your house and give you an estimate as to how much it will cost to fix it. The next step is for you to find
Chapter 13 Bankruptcy and Insurance Claims In Georgia Read More »
A financial tornado can be devastating. The good news is that you can recover from it. April 2011 was a disaster for Northwest Georgia. I’ve lived in Georgia almost all of my life and I’ve never seen anything like it. Large Oak Trees that have stood for over 100 years were literally ripped out of
Financial Tornado – What Do You Do After It Hits? Read More »