by Lori Newman | Jan 6, 2016 | Bankruptcy
The last three years have brought great changes to the Georgia Bankruptcy exemptions. Bankruptcy exemptions provide an amount that an individual can keep/protect when he or she files for bankruptcy protection. If he or she exceeds the amount that can be protected,...
by Lori Newman | Feb 6, 2013 | Bankruptcy
When an individual files for Chapter 7 bankruptcy and they want to keep certain debts, such as a house or car, they can typically do so by choosing to reaffirm the debt with the creditor. A properly filed reaffirmation agreement is the usually the only way a debt will...
by Lori Newman | Nov 16, 2010 | Bankruptcy
You may be in the Chapter 13 a little longer than you think! Law school 101….. If you are starting a small business, do you run it as an sole proprietor or do you create an LLC or S.Corp? Of course, you should create a corporate entity and run your business...
by Lori Newman | May 7, 2010 | Bankruptcy
The simple answer is probably, but there are a few things that your attorney should know before proceeding with the Chapter 13 bankruptcy case. First, when was the car repossessed? In Georgia, a creditor must give you 10 days notice of the sell of your vehicle if they...
by Lori Newman | Apr 16, 2010 | Bankruptcy
Ok, some of you may not have any idea the direction I am going here. Let’s start here: An individual files for Chapter 7, makes $75,000 a year, Household of 1, and passes the means test only because he is keeping a 2010 Mercedes S550. The balance of the car is...
