A common concern that potential clients have is what will happen to a co-debtor if the client decides to file for bankruptcy. Most often the issue comes up when a friend or family member has co-signed for a car for the client, and the client has gotten behind on payments. The potential debtor is usually [...]
May 2011
Next to emergency threats like foreclosure or repossession, unmanageable high interest credit card debt functions as perhaps the most common problem that drives people into bankruptcy, especially in the Atlanta area (Atlanta cases are subject to 11th Circuit law case law). Credit card payment calculators will quickly reveal that if you make minimum payments (1% [...]
What is the purpose of bankruptcy? Is it to take a debtor’s assets or future income and pay at least something back to creditors? Is it to give a debtor the opportunity for a “fresh start”? The US Supreme Court has recently decided that the purpose of the 2005 amendments to the Bankruptcy law was to [...]
