The flooding that we have experienced in the Atlanta area over the last few days will likely have effects for months to come.
Cleaning up after a flood is a long, strenuous process that is likely to take a financial toll on the entire metro area. Lost time at work, missing financial documents, and trying to get by with no insurance in the current economic climate may end up costing Atlanta residents more than they can afford.
If your financial situation was close to the edge, the rising flood waters may have swept you under already. If you need help recovering your financial stability, you should consider filing bankruptcy.
The Georgia Insurance Commissioner has offers some tips on recovering from the flood that are on the Atlanta Journal Constitution’s Web site.
In the hopes of saving your home from foreclosure, you may have sought help from one of the many reputable firms that are helping homeowners who are in dire straits. Then again, you may have contacted one of the two companies that are accused by the Federal Trade Commission of charging large fees and providing little or no assistance.
The FTC announced today that it has filed charges against Nations Housing Modification Center and Infinity Group Services. The government also accuses the two companies of posing as government agencies.
Phony foreclosure rescue scams cost you valuable time and money. Talk to a bankruptcy attorney today to find out how Chapter 13 bankruptcy stops foreclosure and restructures your debts so that you can afford to stay in your home.
Around 50 members of Rainbow PUSH Coalition including the Rev. Jesse Jackson held a prayer vigil on the steps of the Federal Reserve bank in Atlanta yesterday.
Foreclosure rates in July were up 32 percent over last year’s numbers, according to RealtyTrac a California based firm that tracks foreclosures nationwide.
The group complains that taxpayers are footing the bill to rescue banks that are still foreclosing on homes in record numbers. Jackson complained to the Atlanta Journal Constitution that “we are watering the leaves, not the roots of the economy.”
Rev. Jackson may be right. Homeowners who are in danger of losing their home shouldn’t feel trapped or resigned. They should find an Atlanta bankruptcy attorney and plot a course to stop the foreclosure proceedings on their home.
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