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Bankruptcy and the Taxation of My House by By The IRS After Foreclosure in Georgia

By Jeffrey Kelly | February 6, 2010

I recently spoke with a client in my Rome GA office who surrendered their house in Chapter 13  bankruptcy last year.  About six months into their Chapter 13 bankruptcy, they converted to a Chapter 7 bankruptcy.  This past week, they received a 1099A from their mortgage company showing that the debt was forgiven and suggested […]

How Do I Protect My Assets in a Chapter 13 or a Chapter 7?

By Jeffrey Kelly | February 5, 2010

The best way to protect your assets in either a Chapter 13 or a Chapter 7 is to tell your attorney everything you own before you file the case. When your bankruptcy attorney has a complete list of all of your assets, he will be able to match your assets to state exemptions to ensure […]

Mortgage Scam Against People Who are In Chapter 13

By Jeffrey Kelly | January 31, 2010

I was so disappointed this past week to learn about a new scam that will cost my Chapter 13 client money they cannot afford to lose. I have some clients who received a solicitation in the mail from a company in Florida that “guarantees” that they get their mortgage payment lowered through a loan modification. […]

Will Bankruptcy Stop the Foreclosure of My House in Georgia?

By Jeffrey Kelly | January 24, 2010

Call me today for your free consultation at 706-295-0030. We have office locations in Dallas, Dalton, Rome, and Cartersville Georgia.

Should I File Bankruptcy or Short Sale My House in Georgia?

By Jeffrey Kelly | January 23, 2010

I think anyone who might be interested in keeping their house should explore Chapter 13 as an option before deciding to do a short sale or let the house foreclose. In a Chapter 13, we can take the payments that you are behind on and put them into a payment plan that will work for […]

Foreclosures in Northwest Georgia Drop Twenty Five Percent this Month

By Jeffrey Kelly | January 16, 2010

As I looked through the number of foreclosure advertisements in various local papers this month, I have noticed a twenty five percent drop from January 2010 to February 2010 in some counties.  I don’t know if this is just a local trend or a national trend.  The number of foreclosures in January 2010 was unusually […]

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