In our last post, we began discussing the recent meeting of the U.S. Conference of Mayors in Washington, and the financial struggles many municipalities are facing nationwide. Part of the reason for this is that since the recession, property taxes-a major source of income-have been adversely affected by the continued weakness of the housing market. [...]
Chapter 7 Bankruptcy – Does a person need to notify the trustee if they open a new checking account?
Hello, I just had a question regarding Chapter 7 bankruptcy. if someone files Chapter 7 and lists what bank accounts they have on the petition, but open another bank account during the bankruptcy after already filing, do they have to notify the trustee? Also, if a person gains an interest in a pension and a [...]
If you’ve spent the past few years struggling with credit card debt relief and trying – and, as likely, failing – to avoid bankruptcy, you’re hardly alone. from Atlanta to Macon, just over one out of every eighty Georgia households has filed for Chapter 7 or Chapter 13 Bankruptcy protection over the past year, and [...]