Data from the American Bankruptcy Institute for 2017 shows there were 44,407 bankruptcies in Georgia. After having your debts discharged in a bankruptcy you may begin to turn your focus to rebuilding your financial wellness. Rebuilding your credit is a process that will take time. Financing an automobile is one of the more likely ways […]
Car Loan After Bankruptcy Read More »
According to Experian, roughly 20% of current auto loans are considered to be subprime. These loans are geared for those with poor credit and have high interest rates. The best course of action for handling an existing auto loan as you approach bankruptcy requires that you and your attorney evaluate your specific circumstances. Assuming that you require a vehicle
Getting Out of a Car Loan Read More »
According to data from the American Bankruptcy Institute for 2017, there were approximately 44,407 personal bankruptcies in Georgia. If you recently had your debts discharged in Chapter 7 or completed a payback arrangement under Chapter 13, you may feel a sense of relieve. The challenge is how to manage financially after bankruptcy. Evidence of a bankruptcy will remain on your credit history for seven to ten
Life After Bankruptcy Read More »
The current real estate market is hotter than it has been in years. As a consequence, we have recently seen some Chapter 13 clients who would like to cash in and sell their house. Can you do it while you are in an active Chapter 13? The answer is yes as long as you get
Can you sell your house while you are in an active Chapter 13? Read More »
Thousands of people across this country are currently enslaved by student loan debt. The Wall Street Journal and many other great newspapers have written articles detailing the effects of student loan slavery. Marriages are being put off. People cannot afford to buy houses. New businesses never get started. It is a huge drain on our
Time to End Student Loan Slavery Read More »
As a bankruptcy attorney in Georgia, I see it all the time. A child gets accepted into a prestigious university but they don’t have the cash to pay the enormous price tag. Reluctant to tell their child that they cannot pursue their dreams, more and more parents take out student loans for their children with
WSJ Reports that Parents are Drowning in Student Loan Debt Read More »
Goals. While January is a great time to plan New Year’s resolutions, March is a great time to check in and see how you are doing. Whenever I think about planning for the future, I think about my good friend Bill Johnston. He was a friend who died way too young. Bill was the most
Tribute to Goals Master Bill Johnston Read More »
There are two types of bankruptcy that debtors can file — Chapter 7 and Chapter 13. Chapter 7 is the better known of the two chapters and is significantly quicker and frequently cheaper to deal with than filing Chapter 13. However, many debtors still opt for filing Chapter 13 for various reasons, including: making too much
What Is Involved in Filing Chapter 13 Bankruptcy? Read More »
Almost all political pundits said he never had a chance. Against all odds, Donald J. Trump is now our president. In addition, the Republicans now have solid control of the House of Representatives and the Senate. What does this mean for the bankruptcy world? In this article, I will speculate as to what I think
Trump Victory and Potential Changes to Bankruptcy Laws Read More »
Some debtors in need of filing bankruptcy are hesitant to do so because of one reason: they don’t want to lose their home. This can lead to serious debt issues and stress they might have been able to avoid if they had instead asked a knowledgeable bankruptcy attorney what can happen to a person’s home
Saving Your Home and the Georgia Bankruptcy Homestead Exemption Read More »