Chapter 13 bankruptcy can be a great tool for paying off an IRS tax lien without having to pay the entire amount owed on the lien. However, you must understand that in dealing with the IRS in bankruptcy, there always seems to be exceptions. If you want to know how the law applies to your […]
Bankruptcy – Eliminating an IRS Tax Lien With Chapter 13 Read More »
I recently spoke to a potential client who said to me, “Hey Jeff, I need to cancel my appointment with you tomorrow because my friend told me that I make too much to file bankruptcy.” “Is your friend a bankruptcy attorney?” I asked. “No.” He responded. Until a qualified bankruptcy attorney completely reviews your entire
Do I Make Too Much To File Chapter 13 Bankruptcy? Read More »
Since Halloween is just around the corner, I thought this might be a good time for me write about a possible Chapter 13 horror story. Chapter 13 plans typically run for about three to five years. During this time, it is possible that you or your spouse may lose their job. In almost every Chapter
Chapter 13 Horror Story 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 »
The Rome News Tribune recently ran an article describing the economic mess in Dalton, Georgia. Dalton has been known as the “Carpet Capital” of the world. The newspaper reports that Dalton has “lost more jobs per capita than any other in the U.S.” It doesn’t get any worse than this. Four thousand six hundred jobs
Dalton Struggles to Recover From Economic Downturn Read More »
Rising gas prices are are hitting people hard in Northwest Georgia. Going to the gas station is a frustrating experience when you see that price going higher and higher every time you go to the pump. Who do we blame for this? Whose fault is it? The Rome News Tribune recently published a good article
Rising Gas Prices Impact Chapter 13 Bankruptcy Cases Read More »
Do you remember when Mike Tyson bit off a chunk of Evander Holyfield’s ear? That was a bad day for Mr. Holyfield but this week might have been worse. Evander Holyfield said that he always thought he would be able to save his 54,000 square feet mansion on 235 acres in Fayette County, Georgia with
Could Chapter 13 Have Saved Holyfield’s House From Foreclosure? Read More »
When you file Chapter 13, your bankruptcy attorney should be able to tell you when your case will end before your case is filed. However, most clients forget. The good news in that in the Northern District of Georgia, you can set up an online account with the Chapter 13 bankruptcy trustee and monitor your
Chapter 13 Bankruptcy- How Do I Know When My Case Will End? Read More »
Did you know that in some Chapter 13 bankruptcy cases in Georgia, you only have to pay back the value of the mobile home to a creditor and not the entire balance owed? For many Georgia bankruptcy filers, this can be a huge savings. For example, let’s say you owe $70,000.00 on a mobile home
Chapter 13 Bankruptcy – Cramming Down The Mobile Home 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 »