I recently spoke with a client in my Rome GA office who surrendered their house in Chapter 13 bankruptcy last year. About six months into their Chapter 13 bankruptcy, they converted to a Chapter 7 bankruptcy. This past week, they received a 1099A from their mortgage company showing that the debt was forgiven and suggested [...]
The best way to protect your assets in either a Chapter 13 or a Chapter 7 is to tell your attorney everything you own before you file the case. When your bankruptcy attorney has a complete list of all of your assets, he will be able to match your assets to state exemptions to ensure [...]
