November 2, 2006
- Repossession Threat Can Lead to Emergency Need for Bankruptcy Protection
Lost in the on-going debate about how tough bankruptcy ought to be are the voices of those who file for bankruptcy in emergency situations - to stop a vehicle repossession or a wage garnishment. I think that repossession and garnishment are even more of an emergency than a home foreclosure. In Georgia, at least, a homeowner has at least 30 days warning, certified letters announcing the foreclosure and dozens of flyers from real estate investors and bankruptcy lawyers. (…)
