Recent Blog Posts

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…

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…

For most people, having a car is a necessity, not a luxury. We use our cars for work, to transport our children to school and to run other important errands. Without a car our already complicated lives become even less manageable. If you fall behind on your car payments, your lender can repossesses its collateral,…

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…

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…

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…

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…

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…

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…

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…