There is no question that a bankruptcy filing – either under Chapter 7 or Chapter 13 – can provide relief from creditor harassment. Bankruptcy can prevent garnishments , foreclosures, repossessions and collection calls. However, some...
Read moreThe Consumer Finance Stress Test: Factors that the Experts Believe Add to Your Financial Vulnerability
Other blogs on this site have addressed some of the “warning signs” that a consumer or small business bankruptcy may be on the horizon. But various studies have been commissioned to look beyond those warning signs, and see if there are any...
Read moreHoliday Debt Management
As the end of 2013 approaches, with the holiday season is in full swing, it is important to manage your finances to avoid the January “debt blues”. While sharing the joy of the season is admirable, you will not be sharing the debt burden, so...
Read moreDEBT ISSUES TO AVOID FOR FURLOUGHED AND “SHUT DOWN” EMPLOYEES
As many federal, state and local employees struggled with reduced or suspended wages, this blog will revisit previous suggestions for individuals who have been terminated or downsized. Any type of interruption of income is going to cause a...
Read moreMortgage Loan Modification Update
Previous blogs have discussed the mortgage modification options that are available to distressed homeowners, and the steps necessary to successfully accomplish a mortgage loan modification. Unfortunately, there appeared to be little incentive...
Read moreBANKRUPTCY EXEMPTIONS: WHAT CAN I PROTECT WHEN I FILE MY CHAPTER 7 BANKRUPTCY CASE IN GEORGIA?
A common concern among individuals filing for a Chapter 7 bankruptcy is that they may lose some of their property to the bankruptcy “estate”. The bankruptcy estate consists of property that the debtor owns at the date of filing, and in some...
Read moreSAFEGUARDING YOUR FINANCIAL FUTURE PART THREE: WHAT TO DO, AND WHAT NOT TO DO
This blog is a follow-up to the article “SAFEGUARDING YOUR FINANCIAL FUTURE PART TWO”, and will hopefully provide additional information about preventive measures which can be taken to prevent, or at least minimize, financial distress. ...
Read moreSAFEGUARDING YOUR FINANCIAL FUTURE PART TWO: WHAT TO DO, AND WHAT NOT TO DO
This blog is a follow-up to the article “SAFEGUARDING YOUR FINANCIAL FUTURE PART ONE”, and will hopefully provide additional information about preventive measures which can be taken to prevent, or at least minimize, financial distress. While...
Read moreSAFEGUARDING YOUR FINANCIAL FUTURE PART ONE: WHAT TO DO, AND WHAT NOT TO DO
This blog is a follow-up to the article regarding “Recent Observations in Bankruptcy Court”, and will hopefully provide valuable information about preventive measures which can be taken to prevent, or at least minimize, financial...
Read moreReaffirmation Agreements In Chapter 7 Cases: What it means for the Debtor
Chapter 7 bankruptcy allows a consumer to eliminate (“discharge”) their unsecured debt, subject to certain exceptions. [1] With respect to a secured debt, such as a home mortgage or auto loan, the consumer has three options. The first option is...
Read moreRECENT BANKRUPTCY COURT OBSERVATIONS
In the process of representing hundreds of clients in Bankruptcy Court – both in Georgia and South Carolina – I have had the opportunity to witness thousands of bankruptcy hearings where debtors were questioned under oath about their finances. ...
Read moreResidential Foreclosure: When it May Make Sense to Just Walk Away
Recent news about housing has been positive, as foreclosures have decreased in comparison to recent years. There are many possible reasons for the reversal of the trend, and many individuals and entities that want to take credit. But this blog...
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