IRS Levies and Wage Garnishments
If you are in serious debt and fail to take action to remedy the situation, the IRS may levy your property or garnish your wages. A levy is a legal seizure of your property in order to satisfy a debt....
View ArticleHow to Create Your List of Debts
When individuals contact us about scheduling a free office consultation, we ask that they bring a list of their debts. We ask this because when it comes time to file bankruptcy, you either need to...
View ArticleWhat to Bring to Your Bankruptcy Consultation
Every client we help is different and faces a unique set of financial problems. We ask that you bring the following things with you to the initial bankruptcy consultation: Proof of Income from all...
View ArticleCan The Surrender of Property Be Refused By The Lender?
In many Chapter 7 and 13 cases, our clients decide to maximize the benefits of their "fresh start" by surrendering to the lender all of their "rights, title and interest" in an "underwater" residence...
View ArticleThe Magic of The “Automatic Stay”: Part 1
For me, the keystone or centerpiece of all of the interacting parts of the Bankruptcy Code is the automatic stay. The stay is the fundamental shield available to our clients who file for relief from...
View ArticleTurnabout Is Fair Play: Homeowners Association Forecloses On Bank
A recent report entitled, "Florida Homeowners Foreclose On Deadbeat Banks", provides an interesting and unusual commentary on one effect of the on-going "soft" real estate market, especially for an...
View ArticleThe Magic of the Automatic Stay, Section 362(a): Part II
Continued from The Magic of the Automatic Stay Many legal writers have observed that the purpose of the stay is to provide a “breathing spell” while the facts in a bankruptcy case are sorted out. Each...
View ArticleThe Magic of the Automatic Stay, Section 362(b): Part III
Continued from The Magic of the Automatic Stay: Part I and The Magic of the Automatic Stay: Part II Based on public policy, there are certain acts set out in Section 362(b) for which the stay does NOT...
View ArticleThe Georgia Homestead Exemption in Bankruptcy: Should it be Increased?
On May 2, 2012, the homestead exemption was increased which brought the exemption for an individual filer to $21,500.00 and nearly in line with the federal homestead exemption. This was especially...
View ArticleWhat Are Federal Non-Bankruptcy Exemptions?
Can I Use Them In My Georgia Bankruptcy Case? Georgia is an “opt-out” state. This means that, like many states, Georgia “opted-out” of the federal exemptions and elected to apply its own bankruptcy...
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