what can be wiped out in bankruptcy?

Second Mortgage On My House To Pay Off My Credit Cards?

November 28, 2009

Taking a second mortgage out on your house to pay off credit card debt is a bad idea in most cases.  In the event you need to file bankruptcy, credit card debt can be wiped out if necessary.  Even in a Chapter 13 plan where you are paying back all of your debt, the interest rate [...]

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Filing Bankruptcy After a Default Judgment in Georgia?

November 23, 2009

The answer to this question depends on your situation.  We can file a motion to avoid the judicial lien shortly after we file your case.  The main issue is how much property do you own?  I want to go over every single asset you own and make sure that they are protected by Georgia exemptions.  [...]

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Can I Wipe out Traffic Tickets in Bankruptcy?

November 9, 2009

No.  Traffic tickets are technically criminal fines.  No criminal fine can be wiped out in bankruptcy.  However, in a Chapter 13, we can set up a special provision in the plan to pay the traffic tickets at 100 cents on the dollar.   Paying traffic tickets is a much easier after we come up with a [...]

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Can I wipe out tax debt in bankruptcy?

July 1, 2009

You can wipe out some tax debt in bankruptcy depending on the type of tax debt. Personal Income Taxes If the tax liability is less than three years old, it cannot be wiped out.  If the tax liability is more than three years old, we may be able to wipe out the debt.  I want [...]

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Bankruptcy – Can you wipe out bad checks in a Georgia Bankruptcy?

July 1, 2009

No.  Bankruptcy does not protect you from criminal prosecution for writing bad checks.  In fact, bankruptcy does not protect you from any criminal prosecution. I spoke with a client in my Rome Georgia office a few weeks ago who wrote some bad checks to a local grocery store. She told me that she was buying [...]

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