On May 2, 2012, Governor Nathan Deal signed Senate Bill 117, which increased the residential homestead exemption in the State of Georgia from $10,000 to $21,500 for an individual debtor, and from $20,000 to $43,000 for a married debtor. Our...Read more
When Should You Consider Filing for Bankruptcy?
This is a common question that I am asked, sometimes by potential clients, but more often by friends and family of individuals who are in financial trouble, but don’t know at what point it is appropriate to make the recommendation to meet with a...Read more
Having children: good for the family, bad for the pocketbook
I have often joked about how my father presented me with a bill for $250,000 immediately after my college graduation. He explained that it represented the cost of feeding, clothing, raising and educating me through college. Unfortunately for...Read more
Phone collection scam. Don’t be a victim
While other blogs have addressed collection law and lottery scams, there is a new scam which falls somewhere in the middle of the two. Consumers will receive phone calls from individuals claiming to be with non-existent government agencies...Read more
Do’s and Don’t’s in Dealing with a Collection Agency
Even the most vigilant, conscientious consumers may have to deal with a collection agency at some point. It could be because a bill was overlooked at some point. It may be because the consumer disputed the debt, and refused to pay the original...Read more
DO I NEED AN ATTORNEY TO FILE A BANKRUPTCY?
DO I NEED AN ATTORNEY TO FILE A BANKRUPTCY? This is a common question that is asked by potential clients. The short answer is “no”. Bankruptcy law does not require that a debtor have an attorney in order to file a bankruptcy case. However, the...Read more
The Truth About Rapid Refunds: Refund Anticipation Loans May Not be Worth the Risk
Refund Anticipation Loans or “RAL’s” were originally marketed as “rapid refunds”, with the goal of expediting the receipt of income tax refunds for tax filers. What many filers believed was a refund was actually a loan made directly to the...Read more
AVOIDING THE POST-HOLIDAY BLUES BY PRUDENT DEBT REPAYMENT
Once the joy and good tidings of the holiday season have subsided, unpleasant reminders begin to appear in the mailbox in the form of higher-than-average credit card bills. Some consumers may be prepared for their credit card statements, while...Read more
WHAT YOUR BANKRUPTCY ATTORNEY WILL NEED TO STOP A GARNISHMENT
Given the declining economy and subsequent rise in consumer debt defaults, creditors have become more aggressive in their collection attempts. This usually leads to legal action, and eventually wage or bank account garnishment. While a...Read more
Lottery Scams – Don’t be a Victim!
When economic times are hard, especially during the holidays, it is easy for some consumers to let down their guard and become victims of lottery or prize scams. A few things to remember if you should be contacted by anyone claiming that you...Read more
Common Myths About Bankruptcy
Will you lose your house and retirement savings? When will you be able to borrow money again? Get the facts on these questions and more. Read MoreRead more
The (Welcome) Aftermath of the Credit Card Reform Act of 2010
An oft-debated component of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was with respect to the consumer protection from credit card abuses. Unfortunately, many of the recommended protections were left out of the...Read more