Category: Georgia - page 23

The Federal Housing Administration (FHA)’s new “Back to Work” lending plan shortens the waiting time required to secure a mortgage after bankruptcy or foreclosure to 12 months. FHA mortgages have always been a great option for first-time or lower-income borrowers because they require only a 3.5 percent down payment. In the past, borrowers had to…

In this difficult economic climate, millions of Americans are facing foreclosure. Chapter 7 and Chapter 13 have helped many people stay in their homes. A qualified and experienced Atlanta, GA bankruptcy attorney can review your income and debt and help you develop a sound bankruptcy strategy for keeping your home. Under Chapter 7, a bankruptcy…

When you file for bankruptcy, you need quick relief. That is why it is important not to make any errors in your application that might delay, or worse, reject, your filing. Ensure smooth sailing for your bankruptcy process by working with an experienced bankruptcy attorney to avoid these common filing mistakes and omissions: Not passing…

To file for bankruptcy, you need to provide financial information backed up by documentation. Gathering together the correct documents can help your bankruptcy proceed smoothly and quickly. Along with proof of your identity in the form of a photo I.D. and Social Security card, you are required to supply: Creditor information. The name, address, account…

If you are experiencing financial problems, you may be wondering how often you can file for bankruptcy. The short answer is, it depends if you received a discharge in a prior bankruptcy. If your debts were not discharged, you can file as many times as you like. However, if you received a prior discharge, revisions…

As you plan for bankruptcy, it is important to understand the difference between secured and unsecured debt. A knowledgeable Atlanta, GA bankruptcy attorney can help you make informed decisions about how to prioritize your debts. Collateral — something you pledge as security for repayment of a loan — is not required for unsecured debt, like…

The process of filing for Chapter 7 bankruptcy in Georgia may seem complicated and can be difficult for anyone to understand. However, don’t get discouraged. Chapter 7 can eliminate your debt and alleviate the stress associated with your financial burdens. We have provided below the answers to some frequently asked questions about Chapter 7. We…

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…

Once you file for Chapter 7 bankruptcy in Georgia, your focus is usually on protecting your assets by hoping that the majority, if not all, of your possessions will be marked exempt from liquidation. Because of Georgia’s liberal exemption laws, our clients often have very minimal property losses, if any at all, but it is…

As you consider filing bankruptcy, you must account for the type and amount of debt you have and for which type of bankruptcy to file in order to best resolve your financial crisis. Chapter 7 is the most frequently filed for and fastest type of consumer bankruptcy. Known as “liquidation” bankruptcy, Chapter 7 allows you…