Category Archives: Bankruptcy
Too Much Credit Card Debt, Student Debt Preventing Young People From Buying Homes
What do you do after you earn your college degree and get a steady job? For years, the answer for educated and employed graduates was obvious: You buy a home. These days, it’s not so clear-cut. A weak job market and the ever-rising cost of college are forcing millions of young Americans to choose renting… Read More »
Making a Successful Chapter 13 Repayment Plan
In these tough economic times, it is not uncommon for people with stable income to be overburdened by debt. If you spend most (if not all) of your paycheck on payments to creditors, if your mortgage lender has threatened to foreclose on your home, or if you have received notice that your wages will be… Read More »
What is the Difference Between Credit Counseling and Debtor Education?
In 2011, Georgia had 73,852 bankruptcy filings, 96 percent of which were consumer filings. This ranked Georgia as among one of the states with the largest number of filings in the year. When filing for Chapter 7 or Chapter 13 bankruptcy in Georgia, you must complete a credit counseling and debtor education session. Both are… Read More »
Reorganize Your Debt through Chapter 13 to Stop Foreclosure on Your Home
Lenders across the country continue to foreclose on homeowners who fall behind on their mortgage payments. Each month, hundreds of Georgians lose their homes at foreclosure sales. You can file for bankruptcy under Chapter 13 to stop foreclosure. If you qualify, Chapter 13 not only protects your property, but also forces your creditors to halt… Read More »
Foreclosure Defense
During the recent housing crisis, hundreds of thousands of people lost their homes through abusive and fraudulent foreclosure practices. In an attempt to compensate victims and put into place fair practices, Georgia ― along with 49 other states and the federal government ― reached an $8.5 billon National Mortgage Settlement with 10 major mortgage lenders…. Read More »