Georgia Bankruptcy Law Network

Georgia Bankruptcy Law Network

Bankruptcy Questions Answered by Georgia Bankruptcy Law Professionals

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Do I Need A Lawyer For A Home Loan Modification?

Home loan modifications have been a really big deal the last few years.  The reality, however, is that the number of actual successful modifications is far less than originally “promised” by politicians, lenders and others involved in the process.  Tales of lost documents, months-long delays, and then denials abound.  Given that, is it necessary or… Continue Reading

Online Advice (AVVO, LawGuru…) Is Not A Substitute For Your Own Lawyer.

I have participated on forums such as AVVO and LawGuru in the past, and found they can be pretty useful most of the time.   People are able to post general questions about legal issues (or potential legal issues) that might come up in daily life, and they usually get pretty good answers.  Yes, you have… 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

Stopping A Foreclosure In Georgia – Bankruptcy and Other Options

Many Bankruptcy cases in Georgia, and other states, are filed to stop a foreclosure of the family home.  They are not filed only because of the foreclosure, but the realization that the family home is about to be lost is usually the final straw after a period of financial problems.  It is certainly understandable that… Continue Reading

Should You File A Chapter 7 For Your Small Business?

I frequently get calls from individuals who own small or mid-size businesses that are experiencing financial difficulties and need to close their doors.  They often assume that they should file a bankruptcy petition on behalf of the business if it is a separate business entity.  Often, filing the petition for the business does no good,… Continue Reading

Starting Point: What is Bankruptcy?

The word “Bankruptcy” has a few definitions in the dictionary.  In its most basic form, it means not having enough money to pay one’s debts and living expenses.  The word has its origins in the Latin term banca rotta, which means “broken bench” (signifying the insolvency of a moneylender).  This Blog focuses on the legal… Continue Reading