The Atlanta newspaper recently published an article reporting that over 40% of homes in the metro Atlanta area are "underwater," meaning that they are worth less than what is owed. In such a climate, homeowners faced with years of payments on real estate with no chance for even a break even sale, much less profit are deciding to simply walk away. Abandoned homes, of course, cause neighborhood values to decline even more, continuing the downward cycle. Presumably, at some point property values will level off but it may take years, if ever, …
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How You Can Protect Your Car or Truck from Repossession
Are you at risk of losing your car or truck to foreclosure? Under Georgia law, a vehicle lender can use “self help” and repossess your vehicle if you fall behind on your payments. Some lenders will seize your vehicle if you are even one or two days late. Fortunately, you can use the bankruptcy laws to stop the threat of repossession and restructure your loan. Because cars and trucks are mobile and easily moved or hidden, Georgia lawmakers allow vehicle lenders to seize or repossess your vehicle if you miss a payment. Who is Most at …
[Read More...] about How You Can Protect Your Car or Truck from RepossessionHow You Can Stop Wage Garnishment in Georgia
There is nothing more depressing or frustrating to discover that a judgment creditor has begun to garnish your wages. Suddenly your household budget won’t budget and you risk going into default on car loans, mortgage loans and other creditors. And sometimes you may not have known that the garnishment was going to happen. Many credit […]
How Do I Stop the Constant Bill Collection Phone Calls?
What can you do, if anything, about the constant collection phone calls you are receiving on your home phone or cell phone? The law basically puts no limits on how many times bill collectors can call you per day about past due accounts. Is there anything besides filing for bankruptcy to make the phone stop […]