When you file Chapter 7 bankruptcy, you expect to wipe out your debts and get a fresh start. In some rare cases, HOA (Home Owners’ Association Dues) may prevent this fresh start because post petition HOA dues are not dischargeable. Before the Great Recession, most mortgage companies would foreclose on properties as soon as they […]
Chapter 7 Bankruptcy and the Nightmare of Future HOA Dues Read More »
Many of my Chapter 7 bankruptcy clients in Northwest Georgia get the Chapter 7 bankruptcy trustee confused with the judge. At the 341 meeting of creditors, its not uncommon to hear a debtor answer a question with “yes your Honor” even though there is no judge at this hearing. Every single Chapter 7 case filed
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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 out of their house thinking that they are finished with that stinker. They have received a Chapter 7 discharge and believe that they have
After Filing Chapter 7 – Will I Still Be On The Hook For the House? Read More »
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 $21,500 equity in your house and you are
Rolling the Dice with Chapter 7 Bankruptcy Read More »
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
The Biggest Myth About Chapter 7 Bankruptcy Read More »
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
Will Chapter 7 Bankruptcy Stop The Foreclosure of My Home? Read More »
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
Chapter 7 Bankruptcy- How Do I Know My Case Won’t Get Thrown Out? Read More »
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
Chapter 7 – Why You Must Pay All Attorney Fees Upfront in Georgia Read More »
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
Bankruptcy – Can I Keep Contributing to My 401k After I File? Read More »
In a chapter 7 bankruptcy in Northwest Georgia, a creditor can file an objection to a discharge of their debt. The legal term for this is a complaint to determine dischargeability. The most common scenario where a creditor will file a complaint to determine whether debts will be discharged in a chapter 7 bankruptcy is credit
Bankruptcy – What Is An Objection To Discharge? Read More »