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 »
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 »
In a recent article, the Wall Street Journal reports that the HAMP Program helps only one in four people who apply for the mortgage relief (click here to see the full article). As a Georgia bankruptcy attorney, I’m surprised that its as high as one in four. The Journal reports that “just one in four
WSJ Reports That The HAMP Program Helps Only 1 in 4 Read More »
Filing bankruptcy is a tough decision. Many of my clients from Dallas, Hiram, Dalton, Cartersville and Rome Georgia will tell me that they feel like they are a bad person because they are filing bankruptcy. This stigma bothers me because its not true and it keeps good people from getting their life back in order.
Filing Bankruptcy Does Not Make You a Bad Person Read More »
“How will my filing bankruptcy affect my husband?” I recently received this question from a panicked Dallas GA bankruptcy client on the phone this past week. She had recently remarried and did not want to harm her new husband in any way shape or form. In her first marriage, she and her now former spouse
Bankruptcy – How Will My Filing Bankruptcy Affect My Husband? Read More »
The bankruptcy means test forces debtors who earn high incomes to pay back their creditors a certain amount of money as determined by the results of a formula. In this formula, there are many types of deductions that a debtor can take which will result in a lower Chapter 13 payment. The bankruptcy means test
Bankruptcy Means Test and Automobiles Read More »