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Repo Disaster: Owner Steals and Crashes Camaro

Determination is an admirable quality, but when a debtor decides to hold onto a sports car by any means necessary, it can lead to disaster. That was the case in Jefferson County, Alabama, where 48-year-old Sean Monroe stopped a repossession of his Chevrolet Camaro by blocking the path of the tow truck with another car… Read More »

What Property Can You Keep Under Georgia’s Bankruptcy Exemptions?

Every state has different rules when it comes to bankruptcy. States have their own laws about which property can be kept (exempted) in a Chapter 7 bankruptcy proceeding. While many states allow you to choose between state and federal rules, Georgia limits its residents to state rules. Georgia’s bankruptcy exemptions apply to property or equity… Read More »

Rebuilding Your Credit After Declaring Bankruptcy

Some put off filing bankruptcy, or decide against it entirely, just because they are worried about their credit score. While this may be a valid concern in some cases, it normally doesn’t justify dismissing the idea of bankruptcy entirely. The benefits of bankruptcy often outweigh its potential effects on the filer’s credit score. Additionally, rebuilding… 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 »

Keeping Your Home Through Chapter 13 Bankruptcy

Homeowners throughout Georgia are finding themselves in difficult financial situations. If you are in danger of losing your home to foreclosure, you are probably considering every possible choice. Depending on your income, your assets and the amount of equity you have in your home, you have different options. Loan modification may seem like the easy… 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 Happens to Your Student Loans in a Chapter 13 Bankruptcy?

Student loan debt has swelled to an unmanageable size in the United States and it continues to increase. In 2015, total student loan debt in the US was estimated at nearly $1.2 trillion. Many people in Atlanta and throughout Georgia are having serious difficulty managing their educational loan payments each month. Unfortunately, it is almost… Read More »

When Should You File for Bankruptcy if You Face Foreclosure?

Chapter 7 bankruptcy and foreclosure often go hand in hand. Mortgage debt is one of the most common causes of bankruptcy, so if you know you face foreclosure and also know you are planning on filing for bankruptcy protection, you must decide whether you will file for bankruptcy before or after the foreclosure. In most… Read More »

What to Do When Debt Collectors Contact Others About Your Debt

The rules and regulations contained in the Fair Debt Collection Practices Act (FDCPA) place strict limits on the individuals that debt collectors are allowed to contact about any debt you owe. In most situations, collectors and collection agencies are only allowed to communicate with you or your attorney. Collectors are even prohibited from leaving messages… 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 »