Author: DebtStoppers - page 7

Typically, when you file for Chapter 13 bankruptcy in Georgia, your secured creditors must agree to the reorganization plan. However, an allowance in Georgia bankruptcy law called "cram down" permits you to discharge the unsecured parts of secured debts such as auto loans without the creditor’s approval…

At Debtstoppers, we admire the American can-do spirit. So, if you’re saying, “Yes, I can become debt free,” we’re with you 100 percent. Our attorneys have the knowledge, skill and experience to guide you through Chapter 7 and Chapter 13 bankruptcy in the most efficient and painless way possible. But if your can-do impulse suggests that bankruptcy is a do-it-yourself project, we have to caution that common errors by pro se (DIY) filers lead to expensive, often irreversible, losses. In fact, the courts throw out most pro se filings because the average…

Many ads omit the fact that you may have to work many hours without pay. Or they don't disclose all the costs you have to pay. Most work-at-home schemes want you to spend your own money to run newspaper ads; make copies; or buy the envelopes, paper, stamps and other supplies or equipment you need to do the job. They may also make you pay for instructions or tutorial software. People who've answered these ads have lost thousands of dollars, in addition to their time and energy.…

Every year at about this time there is a glut of advertising by tax return preparers for what they refer to as "Rapid Refund," "Fast Cash Refund," "Express Money," or "Instant Refund". Some locations even offer a chance to play a game and double your "Instant Refund". These very tempting offers purport to get you your anticipated tax refund immediately or within a day or two. What many people don't realize is that there is…

Rent-to-own stores let you buy new and used appliances, furniture and electronics under long-term payment plans. And they don't check your credit. So if you have poor credit, rent-to-own might look like a good idea — especially if something breaks or you need something that just can't wait. OK, what's so bad about paying a few dollars a week for a computer or a flat-screen TV?…

For you to get a loan, the lender usually requires that you give some guarantee that you will pay the loan back. For a home equity loan, you secure the loan with your home. Typically a home equity loan works like a credit card. It provides you with a…

One of the things that make people susceptible to the scams we've been talking about is desperation. Let's face it: spending months or even years worried about money can make anybody feel desperate. At DebtStoppers, if there's one thing we've seen over and over…

Many people fear filing for bankruptcy will mean surrendering their possessions. But one of the most attractive features of bankruptcy is that it can legally protect your assets from creditors, thanks to a long list of exemptions…

DebtStoppers clients have told us that they put off filing for bankruptcy in Atlanta because they thought they'd have to give up everything they owned. Fortunately, nothing could be further from the truth. One of the best parts of bankruptcy in Georgia is that it…

When credit card debt starts to pile up, so does the stress and anxiety that can prevent us from thinking clearly. To a worried consumer, even the most transparent scam can seem like a stroke of good fortune; how much more vulnerable are we, then, to a polished presentation by someone posing as a financial professional…