Filing for Bankruptcy in Georgia

You know you're in debt way over your head. You say to yourself, I can make this work if I just have a little more time. Unfortunately, time may not be on your side. If you have considered filing for bankruptcy or if you want to find out what options you have, Call me, your Atlanta bankruptcy lawyer, at 770-396-4323 or email me today for a no-cost evaluation of your case. With over twelve years experience, I can usually tell within five minutes whether (1) you should even consider … [Read more...]

STRIPPING JUNIOR MORTGAGE LIENS IN A CHAPTER 7 BANKRUPTCY

 According to Realty Trac, the State of Georgia has the distinction of being the nation’s number one state for foreclosures of real property. During the month of May, 2012, 1 in 300 Georgia housing units was subject to repossession/foreclosure or notice that the property will be foreclosed.  It has been 6 years since Georgia has had that distinction. Among those properties facing foreclosure, a good portion will probably have more than one mortgage lien attached.  Those second mortgage … [Read more...]

Can Bankruptcy Really help?

Many times, debtors aren’t sure whether filing bankruptcy will really help their situation or hurt them. The word bankruptcy has a tinge of negativity to it. History shows that the word comes from the Latin terms bancus (a bench or table), and ruptus (broken). Additionally, Italians have been known to use the word “bancarupta”which means bench broken or bank broken quite often when a banker/tradesman could not make good on his debts. So it is understandable when people try to find other ways to … [Read more...]

Annuities and bankruptcy filings in Georgia

Annuities and bankruptcy When a bankruptcy case is filed, one of the questions asked is how does the debtor earn his or her income? When you have a younger, working age debtor, that answer most likely will be that he or she has a job. However, when dealing with older, retired debtors, they may not earn income but receive income from investments. One way might be an annuity that provides a certain amount of funds every month. The question then is whether this annuity income may be claimed as … [Read more...]

Basic Bankruptcy Questions and Answers – Bankruptcy Attorney in Atlanta, Georgia

Call Attorney Bernie at 770-396-4323 for a free consult

Will I lose everything if I file for Bankruptcy? The thought of losing your possessions because you are filing a bankruptcy case scares many people. Many also have private 401(k) accounts, government retirement accounts and personal private pensions or other investments that they think will get seized and used to pay creditors. The idea that this money may be lost is a real concern of clients. There is good news though, when you file a bankruptcy case, the courts allow you to exempt some of … [Read more...]