Georgia Bankruptcy

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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Your Death Does Not Stop The Bill Collectors

December 6, 2011

Death stinks.  Losing someone you love is just awful.  I know this from personal experience.  Can you imagine losing someone you love and then having bill collectors come after you for their debts?  Its happening. I recently read an article in the Wall Street Journal about how debt collectors are now going after the families [...]

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Bankruptcy – My Response To Those Who Say You Should Never File

November 29, 2011

When it comes to the subject of filing bankruptcy, there are a lot of “experts” who may say that you should never file under any circumstances.  Any person who says that you should never file under any circumstances has either no idea what they are talking about or they are trying to sell you something. [...]

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Bankruptcy And The Problem With Receiving Christmas Gifts

November 22, 2011

I know this sounds really strange but  a bankruptcy case can get really messed up sometimes because of Christmas gifts. I absolutely love Christmas and I don’t like the Grinch but it is my job to tell you truth about how Christmas can really wreck a case. Let me give you an example. Let’s say [...]

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Chapter 7 Bankruptcy – Can the Trustee Take Away My Income Stream?

November 8, 2011

In a Chapter 7 bankruptcy case, a trustee cannot take away some types of income streams from you that are protected by the Georgia exemption statute. Income streams that are protected by the Georgia exemption statute are: income received from unemployment veteran’s benefits disability benefits payments from a pension or annuity payment from an IRA [...]

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Bankruptcy – What is a Proof of Claim?

November 2, 2011

In every bankruptcy case, if a creditor wants to get paid they must file a proof of claim.  A proof of claim is a written statement of a creditor with verifying documentation that describes the basis that the person who filed bankruptcy owes the creditor. When you file a bankruptcy case in the Northern District [...]

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New Federal Program To Help Homeowners Will Fall Short

October 25, 2011

The Atlanta Journal and Constitution recently reported that the federal government will unveil yet another new program to help resolve the foreclosure crisis in this country (click here to read the full article).  This new proposal will make changes to the Home Affordable Refinance Program (HARP) which was introduced in 2009.    Just like all [...]

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