Jeff Kelly, Esq.

Chapter 13 Bankruptcy and Stripping Your Second Mortgage – Bad Idea?

January 31, 2012

The word is starting to get out in Northwest Georgia that you can eliminate your second mortgage in a Chapter 13 bankruptcy.  I recently met with a potential client who came to see me because he was told by a coworker that he might be able to get rid of his second mortgage. Many consumers [...]

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Chapter 13 Bankruptcy – Is It Worth The Trouble?

January 24, 2012

Potential Chapter 13 bankruptcy clients frequently tell me about some horror story about a friend who filed Chapter 13 and everything went wrong. For many people, Chapter 13 is a great tool for financial restructuring.  For others, it is not the right solution.  Some people need to file Chapter 7 instead.  In this article, I [...]

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Garnishment & Collection Lawsuits in Georgia – JP Morgan Backing Off

January 17, 2012

The American Banker reported this past week that JP Morgan Chase and Company has “ceased filing lawsuits to collect consumer debts around the nation, dismissing in-house attorneys and virtually shutting down a collections machine that as recently as nine months ago was racking up hundreds of millions of dollars in monthly judgments” (click here to [...]

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Bankruptcy and Exempting Equity of Your House in Georgia

January 10, 2012

Filing bankruptcy is a scary decision for some people who own a house in Georgia.  The truth is that housing prices are extremely depressed so much in Georgia that almost no one needs to worry about the value of their house being too high. However, some people actually have homes where the mortgages have been [...]

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Bankruptcy – Should Filing Be a New Year’s Resolution for You?

January 3, 2012

The year 2012 is finally here and it is time to make new year’s resolutions. For some, filing bankruptcy is a great resolution.  The new year is a good time to get rid of that nasty debt that is hanging over your head and won’t go away by itself. Some people think that the world [...]

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Bankruptcy – Directions to the 341 Meeting of Creditors in Rome

December 20, 2011

Almost all bankruptcy 341 meeting of creditors for the Rome division of the Northern District of Georgia are held in the Federal Building in Rome, Georgia. If you get lost on your way to meeting don’t bother asking the average person in Rome “Where is the Federal Building?” or “Where is bankruptcy court?”  The most [...]

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Bankruptcy – How Long Should I Keep Deferring My Student Loans?

December 13, 2011

Almost every bankruptcy client I’ve met with that has student loans has been deferring payments for years before they come into my office.  What is the problem with deferring student loan payments?  The answer to this question is two powerful words – compound interest. When you defer your student loan payments, this interest is just [...]

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