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Tag Archives: bankruptcy

Why All the Upfront Fees for Debt Resolution Services?

If you’ve fallen behind on credit card or loan payments, you may be curious about the direct mail advertisements you’ve been getting from companies calling themselves “debt resolution services.” They promise to help you settle your debt for significantly less than you owe. It sounds great until you find out you have to pay them… Read More »

Atlanta Foreclosure Rates Drop Below National Average

The business blog of the Atlanta Journal-Constitution recently noted that both foreclosure rates and mortgage delinquencies in the Atlanta area have dropped in the past year. Atlanta’s foreclosure rate matched Georgia’s statewide, but the delinquency rate for the city was slightly lower than the state rate of 3.29 percent. These statistics serve up good news… Read More »

Are You Still Hiding Your Car from the Repo Man?

If you have defaulted on your car loan, the lender has the right to repossess it provided he does not “breach the peace.” This can put you in a terrible bind if you rely on your car to get to work or to run errands for your household. Sure, you can keep your car in… Read More »

What Should You Do When You Fall Behind on Your Mortgage Payments?

Falling behind on your mortgage payments can be an incredibly frightening thing. You may wonder how you will catch up, whether you will be able to keep your home or even if you might end up on the street. From the time you notice yourself falling behind on payments, you should begin to take action…. Read More »

How to Know if You Qualify for a Chapter 13 Bankruptcy

The most important factor in determining whether you qualify for Chapter 13 bankruptcy is your income. Your income must be somewhat predictable and high enough to make certain payments. Additionally, your debts must be below a certain level. You must be current on your income tax filings and you may not file if you are… Read More »

Purchasing a Home after You Declare Chapter 13 Bankruptcy

Many people fear that bankruptcy will make it impossible for them to ever own a home again. This simply isn’t true. First of all, many people who are eligible for a Chapter 13 bankruptcy can keep the home that they are in now. This is what Chapter 13 debt reorganization is designed to do. You… Read More »

What to Expect When Filing for Bankruptcy

The issue of bankruptcy became central a few years ago during Atlanta’s heated city council race between H. Lamar Willis and Andre Dickens. Dickens took fire from the Willis campaign over his $1.1 million bankruptcy filing. This tactic ended up backfiring, however, as Dickens was quick to point out his bankruptcy was the responsible course… Read More »

What Debt Solution is Right for Me?

In searching for a debt solution that’s right for your particular financial situation, it can be difficult to decide where to turn. There are countless credit counselors and debt settlement organizations out there, and it’s tough to sort out the good from the bad. To receive the best possible solution, there are a few things… Read More »

What are the Rules for Discharging Income Tax Debt in Bankruptcy?

If you thought that you could not discharge income tax debt in bankruptcy, then you might be happy to be mistaken if you owe money to the IRS. You absolutely may discharge old tax debts, penalties and interest in Chapter 7 and Chapter 13 bankruptcies, as long as you qualify under a few simple IRS… Read More »

Understanding Your Risks and Rights with Unsecured Debt

There is a simple and easy way to understand the difference between secured and unsecured debt. Secured debt is backed by some type of property, such as a car or house. Defaulting on this type of debt typically means the forfeiture of the property in question. Unsecured debt is backed simply by a promise of… Read More »