Tag Archives: debt relief
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In short, YES. Filing a bankruptcy, whether it be Chapter 7 or Chapter 13, will stop the foreclosure process. However, filing a Chapter 7 bankruptcy may not stop the process permanently. When a Chapter 7 bankruptcy is filed, an “automatic stay” goes into effect. This “stay” stops, or at least temporarily prevents collection actions against… Read More »
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Good news for some struggling Georgia homeowners who have been “hit the hardest” by the economy. A program to “prevent foreclosures” has been launched by the State of Georgia, Department of Community Affairs under the name Home Safe Georgia. The stated purpose of the program is to help GA homeowners who have lost a job… Read More »
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This is one of the questions I’m asked frequently when I meet with an individual about their financial problems. The answer is always, “No, except as a final option and only if you can’t find another alternative that will work for you.” Unfortunately, for most people there isn’t another good solution. The prospective client will… Read More »