Category Archives: Bankruptcy
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It has been 25 years since Brunner established the three-prong test for determining whether the repayment of student loans imposes an undue hardship on debtors and their families. These prongs are listed below: You cannot maintain, based on current income and expenses, a minimal standard of living for yourself and your dependents if you were… Read More »
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A recent decision of the Georgia Court of Appeals issued July 12, 2012, provides additional protection to homeowners and others who own real property in Georgia who have a security deed and note with a lender. Foreclosure in Georgia normally is “non-judicial” and quickly concluded with little or no review by Georgia judges. On the other hand, some states… Read More »
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Equifax, TransUnion and Experian, the three major credit reporting agencies (credit bureaus) which play a major role in Georgians financial lives, are soon to be subject to oversight by the new Consumer Financial Protection Bureau (CFPB). This is a first! Based on a year-long investigation by an Ohio newspaper, millions of consumers’ credit reports contain errors…. Read More »