Augusta, GA
Bankruptcy and debt Lawyer at Augusta, GA
Practice Areas: Bankruptcy & Debt, Chapter 13 Bankruptcy ... +2 more
OUTCOME: Negotiated successful mortgage modification for client who was 59 months behind on house payment.
Client came to our office seeking a non-bankruptcy option to her mortgage arrearage. Client was 59 months behind on her mortgage payments for a total arrearage of $112,000. We presented a modificatio ... n proposal to the lender which was ultimately accepted saving the client's home from foreclosure.
OUTCOME: $12,989.00 Administrative Student Loan Discharge
Client came to our office for help with her student loan debt. She was disabled and on social security. She wanted to file bankruptcy to handle her student loan problem. Client had no other unsecured ... debt. We reviewed her student loan history and prepared a detailed report analyzing her student loan debt. We advised the client that in most cases student loans are non-dischargeable in bankruptcy. Also, to ever reach a conclusion on her student loan debt in a bankruptcy case, we would have to file an adversary. We explained the costs and the risks and advised the client this was not her best option. The outcome was too uncertain in a bankruptcy for us to recommend that the client attempt a discharge of the student loans. Additionally, the client would have spent a minimum of $2,700.00 in such a case. We recommended the client seek and administrative discharge of her student loan debt. Given the client's disability, an administrative discharge was much more likely to be approved and the cost to the client was much less. The client paid $550.00 for us to seek this discharge for her. After considering her options, the client retained our office to handle this issue for her. After completing and submitting all the necessary paperwork, we were able to obtain an administrative discharge of the client's student loans. The client will need to submit income information on an annual basis for the next three (3) years satisfy the terms of the forgiveness. This client was able to discharge $12,989.00 in student loans by allowing us to seek an administrative discharge for her.
OUTCOME: University released school transcripts rather than risk an adversary proceeding for violation of the automatic stay issued in bankruptcy.
After many requests by the client, for several years the University refused to release school transcripts. Upon filing of the debtor's bankruptcy case, a demand letter was sent to the University deman ... ding the release of school transcripts. The demand letter asserted the debtor's protection as a result of the issuance of the automatic stay.
OUTCOME: Reduction in student loan payment from $840.00 per month to $11.40 per month
A client came to our office stating she could not pay her student loan payments. The client had approximately $138,000.00 in student loan debt. The student loan servicer had told her that her payment ... would be approximately $840.00 per month. We reviewed the client’s loan history and prepared a detailed report providing information to her on all of her payment options. We then recommended a payment program for her. We completed all of the paperwork and submitted it to the loan servicer. We were able to reduce her payment form $840.00 per month to $11.40 per month.
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