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What if I forget to list a liability in my bankruptcy filing?
Listing all of your liabilities on the creditor mailing list is one of the most important requirements when filing for an Atlanta Georgia bankruptcy. Failing to disclose a creditor can cause major problems with your bankruptcy case. But accidents happen, and the good news is that it’s possible to correct a simple oversight, provided that… Read More »
African-Americans, Hispanics Increasingly Pushed From the Housing Market
You know your ability to buy and keep a home is influenced by financial factors like income, equity and credit history. But a recent study suggests that there’s another element at work. According to a new study by Zillow and the National Urban League, ethnicity may play a significant role in one’s success – or… Read More »
Finances vs. Fitness: Americans More Concerned With Financial Health Than Physical Health
Most New Year’s resolutions revolve around self-improvement, whether it’s bettering our bodies, our minds or our finances. But if forced to choose a priority, would you pick wealth or health? If you’re anything like most Americans, it’s all about the money. At least, that’s what a recent poll by American Consumer Credit Counseling indicates. Nearly… Read More »
Rebuilding Credit After Bankruptcy Is Easier Than You Might
Worried that bankruptcy will ruin your credit score forever? It’s a widespread myth that bankruptcy does permanent damage. In reality, the most damaging decision you make may be to not file bankruptcy. While it’s true that bankruptcy will leave a mark on your credit report, rebuilding credit after a bankruptcy case is definitely possible. In… Read More »
Filing for Chapter 13 Bankruptcy Still Best Bet for Stopping Foreclosure
What started as a tidal wave of foreclosures is slowing to a steady stream. But that doesn’t mean the foreclosure crisis is over. Just because fewer homes are being foreclosed upon doesn’t mean more people are paying the mortgage. It simply means that more people have already lost their homes to foreclosure – and now… Read More »
Charged Off Debt: What It Really Means and How Bankruptcy Can Help
What do you think of when you hear that a debt has been charged off? If you’re like most folks, you may think it means the debt is gone for good. And it is gone – just not from you. Charged-off debt is really just a tricky accounting term. When debts or assets are “charged… Read More »
New Federal Legislation Makes it Easier to Get a Mortgage After Bankruptcy
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… Read More »
Filing Bankruptcy with a Spouse
There are advantages and disadvantages to filing jointly with your spouse. A skilled Atlanta, GA bankruptcy attorney can help you which path best suits your financial circumstances. In a joint bankruptcy, both spouses file one set of papers providing information on all of the property, debt, income and expenses that you share in common as well… Read More »
Top Five Reasons Your Bankruptcy Filing May Be Rejected
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… Read More »
Can I Keep My House if I File for Bankruptcy?
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… Read More »