Category Archives: Chapter 7 Bankruptcy
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Nearly every client we meet with wants to know what effect bankruptcy will have on their credit. First, it’s important to understand that your credit score is a history of payments to your creditors and that someone can have both good and bad entries reported. For example, someone could have paid all of their car… Read More »
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A recent bankruptcy court decision in Silliman v. Cassell reacquaints us with the similarities and differences in the Georgia exemption language in 44-13-100(a)(2)(E) and in the federal exemption in 11 USC Section 522(d)(10)(E). The Georgia exemption is modeled after the federal exemption and is similar, but not identical. Georgia exempts “a payment under a pension,… 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 »