Jeff Kelly, Esq.

Chapter 7 Bankruptcy – Squeezing Into A Case Is A Bad Idea

March 27, 2012

Some people just are not meant for Chapter 7 bankruptcy.  However, even though their car won’t fit into the space, some people demand that their attorney file their Chapter 7 case anyway so that they can get their opportunity for a fresh start.  A small number of people will meet with one bankruptcy attorney who [...]

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Secret Georgia Law May Help You Pass the Bankruptcy Means Test

March 18, 2012

I wish that I could tell you that the bankruptcy means test is a logical, that it makes sense mathematically, and ends with a just result.  However, the truth is that the bankruptcy means is not a product of logic.  Its a product of politics that was created by Congress.  As a consequence, sometimes the [...]

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Foreign Fake Debt Collectors Target U.S. Consumers

March 5, 2012

Real debt collectors are bad enough.  They ring your phone all day and most are extremely unpleasant to deal with.  Now we find out that there are fake debt collectors who are trying to squeeze victims out of their hard earned money. The Wall Street Journal recently reported that United States Federal authorities have cracked [...]

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Government Settles Foreclosure Dispute With Five Major Banks

February 21, 2012

The Wall Street Journal recently reported that the federal government finalized an agreement worth as much as $26 billion with Ally Financial, Wells Fargo, Bank of America, Citigroup, and J.P. Morgan Chase and Co.  The purpose of this agreement is to settle alleged foreclosure abuses by these lenders.  On the surface, this appears to be [...]

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Georgia Senate Approves Foreclosure Notification Bill

February 14, 2012

Can you imagine living in a state where a mortgage company could take your house away from you through foreclosure without you ever knowing about it?  Welcome to Georgia! Your mortgage company currently has no legal obligation to notify you of their intent to foreclose on your home.  However, in a recent online edition of [...]

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Asset Acceptance Gets Slapped With a 2.5 Million Dollar Fine By The FTC

February 7, 2012

Asset Acceptance was recently fined $2.5 million dollars because of their collection practices (click here to read an article in Business Week about this topic).  To the normal person, $2.5 million dollars is a tremendous amount of money but to a company that takes in over $100 million per year, this is just a small [...]

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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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