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...
Read moreStudent Loans and Collection Agencies: A Match Not Made in Heaven
This site has already addressed several issues with respect to student loans, and collection agencies. However, a greater portion of student loan lenders are now utilizing private collection agencies to recover on defaulted student loan debt. ...
Read morePrioritizing Debt Repayment from Your Income Tax Refund
This is the time of year when many consumer taxpayers are receiving their income tax refunds. While some of that money may be earmarked for special purposes – such as a vacation, large retail purchase or home improvements – many times it...
Read moreWhat to Expect on Your First Visit to a Bankruptcy Attorney
Meeting with a complete stranger to discuss sensitive financial issues can be awkward and emotionally distressing. Many of my clients from the CSRA have told me how they had to “work up their nerve” to make the first phone call to our office. ...
Read moreSigns That Your Small Business Might Be Headed for Bankruptcy
A previous blog addressed the warning signs for consumers who may be headed down the road towards bankruptcy. Small business owners are traditionally more reluctant to consider bankruptcy, as their business is not just a source...
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