Georgia Bankruptcy Law Network

Georgia Bankruptcy Law Network

Bankruptcy Questions Answered by Georgia Bankruptcy Law Professionals

Category Archives: Bankruptcy Basics

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Who Has Final Responsibility For Making Sure Bankruptcy Schedules Are Correct?

In consumer Bankruptcy cases, especially Chapter 7 cases, completing the Schedules is one of the most important tasks.  The Schedules identify (among other things) all your creditors, your property (and values of the property), your exemptions, income and expenses.  In Chapter 13 cases, they will show the disposable income that will be paid to the… Continue Reading

Can You Force A Lender To Foreclose During Or After Bankruptcy?

Although many people enter Bankruptcy with a desire to save their home from foreclosure, others are anxious to rid themselves of the property and the debt associated with it.  This could be their primary residence or other homes or real estate they own.  A problem that occasionally comes up is that the person in Bankruptcy… Continue Reading

Foreclosure Alternatives: Deed In Lieu Of Foreclosure

One of the alternatives to foreclosure is a “deed in lieu of foreclosure.”  Simply stated, this means that rather than making the lender go through the foreclosure process, the home owner agrees to execute a deed for the property transferring it to the lender.  In turn, the lender agrees to accept the deed (and transfer… Continue Reading

What Happens If You Don’t Disclose A Lawsuit or Claim Against Someone In Your Bankruptcy Schedules?

One of the requirements of filing a Bankruptcy case is completing the Schedules honestly and completely.  It is perfectly fine to unintentionally leave something out as long as the Schedules are amended.  One of the most common items left off Schedule B (personal property) is claims or lawsuits that the person filing for Bankruptcy has… Continue Reading