Tag Archives: Chapter 13 bankruptcy
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Although bankruptcy follows federal legal guidelines for the most part, certain aspects differ based on state laws. In Georgia, for example, state law dictates that certain items are considered exempt property. These exemptions may or may not match federal exemptions. Chapter 7 and Chapter 13 exemptions Although Chapter 7 bankruptcy is what people most commonly… Read More »
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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 creditors in a Chapter 7 or Chapter 13 case and shields you and your assets from any collection activity by your creditors. The stay arises automatically… Read More »
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If you are behind on your mortgage or if you are in a Chapter 13 case to “catch-up” your mortgage, stay tuned! Changes in the Bankruptcy Rules require that certain Notices be provided by a lender to a homeowner in a Chapter 13 case who is “catching-up” past due mortgage payments. The goal is to… Read More »