Archive for February, 2011

Douglas County Ranks 4th Nationwide in Personal Bankruptcies

Monday, February 21st, 2011

Douglas County Ranks 4th Nationwide in Personal Bankruptcies
The following article first appeared on times-georgian.com, and it’s extremely relevant to all of you Douglas County residents. The articles states that 3,359 residents filed for bankruptcy in a single month. If you’ve been dealing with financial hardship yourself, apparently you’re in similar company, but you certainly don’t [...]

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6 Mistakes To Avoid Before and During Bankruptcy

Saturday, February 12th, 2011

6 Mistakes To Avoid Before and During Bankruptcy
Dealing with serious, on-going financial trouble is one of the most stressful things anyone must endure. The prospect of filing for bankruptcy is so daunting that many people try to find ways out of it, only to end up making the same irresponsible financial decisions that initially brought [...]

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Getting Rid of Student Loan Debt in Bankruptcy

Friday, February 4th, 2011

Student loans can be a very difficult debt to discharge when filing for bankruptcy. To do away with this type of debt, you must show that continuing to pay it will not allow you to have even a minimal standard of living. In law speak: “imposing an undue hardship on you.”
The Brunner Test
There are different [...]

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What is an Adversary Proceeding, Anyway?

Friday, February 4th, 2011

In order to force a hearing in front of a judge in a bankruptcy case, either the creditor, debtor, or bankruptcy attorney must file what is called an adversary proceeding.
Anatomy of an Adversary Proceeding
An adversary proceeding is a written document that must consist of a these various parts:
Basic facts of the case: The parties involved, [...]

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