When you file bankruptcy, you want to list every single debt you have in the entire world. Bankruptcy is your chance to wipe the slate clean and you want to clean it all. However, what happens when you forget to list something? What happens when some creditor from years ago comes out of nowhere and […]
Bankruptcy – What Happens If I Forget To List a Debt? 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,
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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
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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 »
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 »