Bankruptcy and Bitcoins

Bitcoins have the potential to change the way the world does business.  I believe bitcoins also have the potential to impact the bankruptcy world. After reading my headline, I bet some of you are asking yourself, “What is a bitcoin?” Bitcoin is a virtual currency that was created in 2009 by an unknown person using 

Rising Anger Over Student Loans

Student loans are a trap that have ensnared thousands of our youth across the United States.  The promise of a college education rings hollow for many graduates. Mitch Daniels, former governor of Indiana and current president of Purdue University, does a great job of describing the economic slavery that many college graduates face today.  Mr. 

Georgia Garnishment Law Might Get Axed in 2015

Earthquakes are hard to predict.  However, I think I see an earthquake coming in the collections and bankruptcy worlds.  The Georgia garnishment law might be declared unconstitutional this year. If this happens, all garnishment actions in Georgia will come to a screeching halt.  As a consequence, some small collection and loan companies will go out 

New Program Helps People Buy Homes

The Wall Street Journal reports today that Freddie Mac, Fannie Mae and their regulator provided for a “low down-payment mortgage program, which could open homeownership to thousands of cash-strapped borrowers. Here are some highlights: Borrowers could be able to get a mortgage with a down payment of as little as 3%. loans will be available 

Guarantor Liability After House is Foreclosed

Can a person who is a guarantor of a mortgage be held liable for the deficiency after after a house is foreclosed? According to a recent decision by the Georgia Court of Appeals, the answer is yes. Guarantor liability from foreclosures just took a harsh turn for guarantors in Georgia. In COMMUNITY & SOUTHERN BANK 

Are you a bad person if you file bankruptcy?

When my first daughter was just a little thing, she would say, “Noni! Noni!” whenever she did not approve of something.  I thought it was so cute.  Like many parents do, I started saying it as well. Fast forward many years later.  I still say “Noni! Noni!” and my daughter does not.  In my family