As a general rule, Chapter 13 bankruptcy protects you from repossession of your car. However, what happens if you just bought the car right before filing bankruptcy? The answer to this question in Northwest Georgia is that it depends on the facts of your case. For example, let’s say you bought a car six months […]
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When you file Chapter 13 bankruptcy in Northwest Georgia, your financed car will be paid through the plan. For many debtors, this can drastically lower your monthly bills. Many bankruptcy clients have difficulty understanding that their car payment is included in the Chapter 13 plan. As a Northwest Georgia bankruptcy attorney, I love it when
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Some people believe that a Chapter 13 bankruptcy will be a miserable experience. The truth is that for most people, it’s a huge relief because it ends the pressure from your creditors. Below, I’ve listed the top seven ways your life will improve after you file Chapter 13 bankruptcy. 1. The phone calls from creditors
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In Chapter 13 bankruptcy, who is this mysterious player called the Chapter 13 Trustee? The Chapter 13 Trustee is an attorney who is hired by the United States Bankruptcy Trustee to basically ensure that everyone is playing by the rules. In addition, the Chapter 13 trustee is the person who collects money from the debtor
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If your house was damaged and you intend on filing a claim with your insurance company, the first step is to speak with the insurance adjuster. They will come to your house and give you an estimate as to how much it will cost to fix it. The next step is for you to find
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April 2011 has been a rough weather month for Northwest Georgia. Last night, Rome was under a tornado warning. The Rome News Tribune reports that over 30,000 people are without power. Floyd County schools are closed today because of the power outage. The Cartersville Daily News Tribune reports that Grassdale Road got hit pretty hard
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During the past few weeks in Dalton, Georgia, I’ve seen an increase in Chapter 13 bankruptcy issues. Perhaps it is the struggle of the Dalton carpet industry that is the source of these bankruptcy issues. Maybe it is the high unemployment rate in Dalton and the large number of foreclosures that have taken place in
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In every Chapter 13 bankruptcy case, I always stress the importance of making all future house payments directly to the mortgage company. When house payments that come due after the bankruptcy case gets filed in Northwest Georgia, the trustee may dismiss the case if these monthly payments are missed before confirmation. I have recently had
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Balloon notes can present some serious issues in a Chapter 13 bankruptcy. As a Georgia bankruptcy attorney, I’ve seen some situations work out and other cases end up serious trouble because of balloon notes. A balloon note is a type of mortgage which does not fully amortize over the life the loan. Thus, there is
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“Can you file Chapter 13 bankruptcy and still obtain a loan modification of your mortgage?” I’ve been fielding this question quite a bit lately. Just the other day, I was speaking with a client in my Dalton office about this topic. The answer is yes. You can obtain a loan modification of your mortgage while
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