April 2011 has been a rough weather month for Northwest Georgia. Last night, Rome was under a tornado warning. The Rome News Tribune reports that over 30,000 people are without power. Floyd County schools are closed today because of the power outage. The Cartersville Daily News Tribune reports that Grassdale Road got hit pretty hard […]
Stop Foreclosure – Don’t Wait Until the Last Second To File Bankruptcy Read More »
During the past few weeks in Dalton, Georgia, I’ve seen an increase in Chapter 13 bankruptcy issues. Perhaps it is the struggle of the Dalton carpet industry that is the source of these bankruptcy issues. Maybe it is the high unemployment rate in Dalton and the large number of foreclosures that have taken place in
Dalton Chapter 13 Bankruptcy? Attorney Gives 3 Tips For Success Read More »
One of the scariest things about Chapter 7 for many debtors is the fact that a trustee may choose to put your house on the market to see if she can recover money for your creditors. As a general rule in Georgia, if you have less than $21,500 equity in your house and you are
Rolling the Dice with Chapter 7 Bankruptcy Read More »
I tell my clients to keep all of their financial records for at least seven years after their bankruptcy case is filed. If you fail to keep your financial records for a reasonable time after the bankruptcy case is filed, it is conceivable that a creditor could request documents that you should be able to
Keeping Records After You File Chapter 7 Bankruptcy Read More »
In every Chapter 13 bankruptcy case, I always stress the importance of making all future house payments directly to the mortgage company. When house payments that come due after the bankruptcy case gets filed in Northwest Georgia, the trustee may dismiss the case if these monthly payments are missed before confirmation. I have recently had
Chapter 13 Bankruptcy and Future House Payments Read More »
The federal government’s attempt at stemming the foreclosure crisis has been a complete failure. Consumer Bankruptcy News reports in their April 7, 2011 edition that the Congressional Oversight Panel “officially ceased to exist on April 3. Created to oversee how the U.S. Treasury Department spent money through the Troubled Asset Relief Program, COP’s final report
Federal Failure To Stem the Foreclosure Crisis Read More »
Some people think that if they are one penny over the median income that they will be absolutely barred from filing bankruptcy. This is a big fat lie. Perhaps you went to some website and learned that you make more than the median income for your area. Now, you are freaking out because some guy
The Big Lie About the Means Test and Bankruptcy Read More »
Many Georgia consumers who file bankruptcy will ask, “How can I find out the true of my house before I file?” As I’ve stated in a previous post, determining the value of your house in Georgia must be done before you file because this value may determine whether your file Chapter 13 or Chapter 7
Georgia Bankruptcy and the Value of Your House Read More »
When filing bankruptcy, “bad faith is present when a debtor’s actions are a clear abuse of the bankruptcy process”. Just this past week, I had a bankruptcy client from Dalton, Georgia who was upset when she received an objection to confirmation and the car creditor in her case alleged that her bankruptcy was filed in
Bankruptcy – What is a Bad Faith Filing? Read More »
“What happens if I flunk the bankruptcy means test? Does this mean that I have no bankruptcy options?” Last month, I spoke with a Cartersville, Georgia couple who asked me this question. This Cartersville, Georgia couple read up on the internet about the means test and they knew they flunked it before they even came
Bankruptcy – What Happens If I Flunk The Means Test? Read More »