Ch 7

After Filing Chapter 7 – Will I Still Be On The Hook For the House?

June 2, 2011

After filing Chapter 7 bankruptcy, you will not be on hook for your first or second mortgage if you don’t sign a reaffirmation agreement.  After filing Chapter 7, many people move of their house thinking that they are finished with that stinker.  They have received a Chapter 7 discharge and believe that they have received [...]

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Rolling the Dice with Chapter 7 Bankruptcy

April 23, 2011

One of the scariest things about Chapter 7 for many debtors is the fact that a trustee may choose to put your house on the market to see if she can recover money for your creditors.  As a general rule in Georgia, if you have less than $10,000 equity in your house and you are [...]

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The Biggest Myth About Chapter 7 Bankruptcy

February 24, 2011

The biggest myth about Chapter 7 bankruptcy is the belief that you will be able to keep your house and car without having to pay for them after you file.  I’m shocked that I hear this at least once month.  In fact, I spoke with a potential Dallas GA bankruptcy client today who became quite [...]

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Will Chapter 7 Bankruptcy Stop The Foreclosure of My Home?

January 13, 2011

Yes, Chapter 7 bankruptcy will stop the foreclosure of your home in Georgia.  However, it will only stop it for short period of time. Any person who is facing foreclosure that wants to keep their home should consider a Chapter 13 bankruptcy. Chapter 7 is designed for people who are wiping out of their debts [...]

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Chapter 7 Bankruptcy- How Do I Know My Case Won’t Get Thrown Out?

December 26, 2010

If I file Chapter 7 bankruptcy, how do I know my case won’t get thrown out? I get this question a lot from my bankruptcy clients in Dallas, Cartersville, Rome, Dalton, Chatsworth and Calhoun, Georgia. First of all, I am not going to file any case that I don’t believe will get my client their [...]

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Chapter 7 – Why You Must Pay All Attorney Fees Upfront in Georgia

December 16, 2010

In every Chapter 7 bankruptcy case in Georgia, you must pay all of the attorney fees and costs upfront before the case is filed.  If you don’t, any money that you owe the attorney who filed your case is discharged along with every other debt in your case.  Making payments toward a bankruptcy case is [...]

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Bankruptcy – Can I Keep Contributing to My 401k After I File?

November 23, 2010

Whether you file Chapter 13 or Chapter 7 bankruptcy in Georgia, you can keep contributing to your 401k retirement plan after you file. I recently met with some bankruptcy clients in my Rome GA office who were concerned that they would not be able to keep saving for retirement after they filed. These bankruptcy clients [...]

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