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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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