Tag Archives: Chapter 7
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The form used for ” means” testing in Chapter 7 cases is nine pages long! It may surprise you to learn that not everyone who files a Chapter 7 case is required to provide the information for each line or each page of the form. Due to policy considerations, some persons such as disabled veterans are eligible to… Read More »
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The housing bubble that began bursting in 2007 created negative equity in many of our homes in Georgia by pushing home values way down below the amount owed on the home. A recent report states that approximately 55% of homeowners in metro Atlanta are experiencing negative equity and owe more than the home is worth…. Read More »
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Great news: Due to a ruling on May 11, 2012, by the 11th Circuit Court of Appeals in Atlanta, Chapter 7 now offers greater flexibility and control than ever before to Georgia homeowners and property owners with depreciated home values. Prior to May, in Chapter 13 cases, homeowners as well as clients with rental property whose properties were… Read More »