The Rome News Tribune recently reported that Larry Martin has filed bankruptcy in the Northern District of Georgia. Larry Martin is the largest property owner in Floyd County. For anyone in the Rome area who needs to rent some commercial space, he is the man you need to call. You cannot drive through Rome without […]
Bankruptcy – Rome Real Estate Mogul Files Chapter 11 Read More »
Some buildings in Georgia are in such bad shape that it makes more sense to tear them down and completely rebuild from the ground up rather than trying to make repairs. In the same way, many Georgia consumers are in such bad shape financially that it makes the most sense to go ahead and file
Bankruptcy And The Tear Down Read More »
On rare occasions, a potential bankruptcy client will say something that makes me fall out of my chair. Having spent four years of college in New York City, it is fairly difficult to shock me. However, misuse of student loans are one of those things that make me fall out of my chair. Why? First,
Misuse of Student Loans to Pay Down Other Debt Read More »
Bankruptcy has helped make the United States the greatest country in history. How is this possible? The reason is that it has allowed people to get a second chance and become productive again. Many famous people have filed bankruptcy and recovered. Many people in the history of this country have suffered financial disasters, filed bankruptcy,
Bankruptcy Has Made The United States The Greatest Country in History Read More »
The Wall Street Journal reported today that Stockton, California is getting ready to file bankruptcy (click here to read the full article). This economy is so bad that even some large U.S. cities and counties have been forced to file bankruptcy. Stockton, California is not alone. The Journal reports that Central Falls, R.I. and Jefferson
Stockton California Set To File Bankruptcy Read More »
A bankruptcy judge in Louisiana recently ordered Wells Fargo to pay $3,171,154.00 in punitive damages for violating the automatic stay. The Huffington Post has a great summary of the case. To read the complete bankruptcy judge’s decision, click here. Here is a super short summary of the case: The debtor was in an active Chapter
Wells Fargo Ordered by Bankruptcy Judge to pay $3.1 Million Penalty Read More »
Can bankruptcy help you fine tune your life like a guitar? Absolutely! Yesterday, I was playing guitar with my son. His guitar was way out of tune. The sound just irritated my ears. Twang…….the notes just did not flow together. Every time he tried to play his guitar, it just did not sound right. He
Bankruptcy Can Help You Fine Tune Your Life Read More »
When you attend a 341 Meeting of Creditors in bankruptcy court, the trustee is going to ask, “What did you do with your tax refund?” Since it is currently tax refund season, both chapter 13 and chapter 7 trustees are asking this question. If you have a bad answer to this question, it could negatively
Tax Refund – Where Did You Spend It? Read More »
I often meet with clients who have a mountain of student loan debt and would love to wipe it out in bankruptcy. “Please tell me that there is some way that we can get rid of this mountain of student loan debt!” some will say. Unfortunately, getting rid of student loan debt in bankruptcy is
Bankruptcy and Student Loans – Why Can’t They Be Wiped Out? Read More »
Almost every bankruptcy client I’ve met with that has student loans has been deferring payments for years before they come into my office. What is the problem with deferring student loan payments? The answer to this question is two powerful words – compound interest. When you defer your student loan payments, this interest is just
Bankruptcy – How Long Should I Keep Deferring My Student Loans? Read More »