NORCROSS, GA, October 25, 2012 (Press-News.org) Not every Atlanta bankruptcy attorney would be willing to fight its clients case all the way to the Eleventh Circuit Court of Appeals, but Clark & Washington did. The Atlanta bankruptcy firm fought the case through two decisions against their client, finally winning the circuit court ruling that secures better bankruptcy options for home owners devastated by the collapse of the housing market.
The company's client, Ms. Lorraine McNeal had two mortgages on her home, one for $176,413 and a second mortgage for $44,444, when the value of her home plummeted to $141,416. Because her home was now less that the value of her first mortgage, the bankruptcy lawyers in Atlanta argued that her second mortgage was an unsecured loan. Unsecured loans can be forgiven in a Chapter 7 bankruptcy.
The ruling by the appeals court offers some hope for home owners devastated by the change in housing prices. Others considering bankruptcy in Atlanta will be able to use the court ruling to argue that a second mortgage which is completely above the current value of their home should be forgiven in a Chapter 7 bankruptcy, potentially saving home owners tens of thousands of dollars.
Stripping the second lien off a person's home would require that the value of the home has dropped below the amount owed on the first mortgage. The federal court decision secures the right of distressed home owners to seek relief via Atlanta bankruptcy.
The attorneys at Clark & Washington take each case as seriously as they did the McNeal case, fighting for their clients as long as it takes.
If you now owe considerably more than your home is worth and are considering bankruptcy, visit Clark & Washington at http://www.cw13.com.
About Clark & Washington
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the southeast. They have locations in Georgia, Florida, and Tennessee. Clark & Washington specializes in personal chapter 7 and chapter 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
For more information visit: http://www.cw13.com.
For all media inquiries, please contact:
Jason Donovan
Director of Account Management
Cardinal Web Solutions
http://www.CardinalWebSolutions.com
Atlanta Bankruptcy Attorneys Clark & Washington Discuss Chapter 7 Lien Stripping Decision
Atlanta bankruptcy law firm Clark & Washington stood up for a client with an upside down mortgage and earned a federal court decision forgiving the loan.
2012-10-25
ELSE PRESS RELEASES FROM THIS DATE:
Atlanta Plumber Plumb Xpress Plumbing and Drain Encourages a Plumbing Inspection When Water Bills are High
2012-10-25
Plumb Xpress Plumbing and Drain understands that when a utility bill is unexpectedly high it can mess up the family budget. Generally, if it's the water bill that is unusually high, calling an Atlanta plumber to check your plumbing system can end up saving you money in the long run. A plumbing inspection and subsequent repair can prevent future big bills and can sometimes result in a rebate from your water company.
Atlanta plumbers Plumb Xpress can conduct a leak detection inspection to help you find the leak. Then, they offer guaranteed estimates and usually can repair ...
Design Your Mailroom Well with Neopost's Mailroom Furniture and Boost Productivity
2012-10-25
Neopost Limited announced today that improving productivity in your mailroom is about more than just the right piece of equipment in the right place. Mail processes are repetitive and have considerable scope for human error, so it is important to provide specialist furniture and space planning to ensure staff can operate effectively during peak periods. The positioning and design of tables, benches, sorting units and mailing equipment is critical for process efficiency and staff productivity. Installing the right mailroom furniture is not just a question of optimising workflows; ...
Car Insurance Claims in the Palm of Your Hand with AAMI Claim App
2012-10-25
AAMI, the leading national car insurer, has made making an insurance claim even quicker and easier with the launch of the new AAMI Claim Assist app.
The AAMI Claim Assist app lets AAMI car insurance customers collect the information needed from the scene of the accident, and then send it directly to AAMI.
Reuben Aitchison, AAMI spokesperson, said that the app is designed to ease the stress of one of life's tough moments.
"Getting in to a car crash is, hopefully, a rare event for most of us. The Claim Assist app helps people capture what happened at the scene ...
Birmingham Car Wreck Lawyer Warns Self-Driving Cars May Not Reduce Risks of Auto Injuries
2012-10-25
California recently enacted legislation creating guidelines and regulations for self-driving cars. Proponents of automated cars hope those regulations will eventually allow motor vehicles to use wireless signals, cameras, and GPS technology to replace human drivers. Those same proponents are quick to claim that, without human drivers, autonomous automobiles eliminate human error and reduce the overall potential for car accidents.
While it is unlikely that Alabama will pass similar regulations in the near future, Birmingham car wreck attorney Whit Drake is concerned about ...
How to Find a Perfect Teaching Job Through Recruitment Agencies
2012-10-25
The fact of the matter is that it's quite hard to find a suitable teaching job. It's actually impossible to keep track of all the vacant positions in primary teaching jobs or teaching assistant jobs in each and every school of an area. So, there must be a system that can look for these vacant positions and inform you whenever a suitable vacant teaching position for primary or secondary teaching jobs are available. Excellent recruitment agencies such as academicsltd.co.uk precisely serve that purpose for you. So, no matter if you are looking for primary school teaching jobs ...
Global Data Company Expands Services Through Partnership with Nominodata
2012-10-25
Global Data Company (GDC) has joined with Nominodata to offer high-risk watch lists in their Global Gateway service. By adding comprehensive watch list data, GDC is able to offer a more holistic solution to global markets with developed and emerging Anti Money Laundering (AML) and Counter Terrorist Finance (CTF) legislative requirements.
Global Gateway launched in 2007 as a single integration for global electronic identity verification (eIDV) to assist clients with their Customer Identification Program (CIP). GDC is now launching Global Gateway 2 with data coverage in ...
Five Star Luxury Hotel Park Hyatt Chennai Opens In India
2012-10-25
Hyatt Hotels Corporation announced today the opening of Park Hyatt Chennai, marking the 30th hotel in the Park Hyatt collection and the first Park Hyatt hotel to be introduced in the city of Chennai, known as the gateway to Southern India.
Designed as a serene and tranquil retreat for the astute business traveller, Park Hyatt Chennai is located next to the prestigious Governor's residence and is also adjacent to the thriving green area of the Guindy National Park. A 15-minute drive from the city's domestic and international airport, Park Hyatt Chennai enjoys close proximity ...
How Space Station Can Help Humans Follow Curiosity to Mars and Beyond
2012-10-25
With all of the excitement of the Mars Curiosity landing, many are looking to move from robots to humans for exploration beyond Earth's orbit. Keeping in mind the Seven Minutes of Terror, just imagine the nail-biting moments of putting people into the harsh environment of space far from their home planet. Taking the guess work out of long-duration exploration, however, is one of the benefits of the International Space Station. This orbiting laboratory serves as a test bed for technology and helps researchers understand how to prepare for extended trips in space.
"The ...
ZeroLag Communications Joins Magento's Hosting Partner Program as a Platinum Partner
2012-10-25
ZeroLag, (http://www.ZeroLag.com), the first name in managed hosting, is pleased to announce it has joined Magneto eCommerce's Hosting Partner Program as a Platinum Partner, the highest of the three-tier levels. The program recognizes the strategic role that managed hosting providers such as ZeroLag play in delivering on the high quality of service Magneto merchants expect from the leading eCommerce platform.
Dedicated to support, performance, reliability and security:
"ZeroLag is excited to be a Magento Platinum Hosting Partner and together we will provide ...
New WalMart stores put large retailers out of business, mom-and-pop stores less affected
2012-10-24
Los Angeles, CA (October 23, 2012) Ranked as one of America's largest corporations and the largest private employer in the United States, some say that WalMart stores are catalysts for economic growth in U.S. communities, while others claim that they can have damaging effects on local shops. However, a new study finds that it is the larger retailers such as Ames Department Stores, Sears, and Kmart that lose business with the arrival of a new WalMart store, while smaller retailers are not affected to the same extent. This study is published today in a new Focus Issue of ...
LAST 30 PRESS RELEASES:
Combination of obesity medication tirzepatide and menopause hormone therapy fuels weight loss
High blood sugar may have a negative impact on men’s sexual health
Emotional health of parents tied to well-being of children with growth hormone deficiency
Oxytocin may reduce mood changes in women with disrupted sleep
Mouse study finds tirzepatide slowed obesity-associated breast cancer growth
CMD-OPT model enables the discovery of a potent and selective RIPK2 inhibitor as preclinical candidate for the treatment of acute liver injury
Melatonin receptor 1a alleviates sleep fragmentation-aggravated testicular injury in T2DM by suppression of TAB1/TAK1 complex through FGFR1
Single-cell RNA sequencing reveals Shen-Bai-Jie-Du decoction retards colorectal tumorigenesis by regulating the TMEM131–TNF signaling pathway-mediated differentiation of immunosuppressive dendritic ce
Acta Pharmaceutica Sinica B Volume 15, Issue 7 Publishes
New research expands laser technology
Targeted radiation offers promise in patients with metastasized small cell lung cancer to the brain
A high clinically translatable strategy to anti-aging using hyaluronic acid and silk fibroin co-crosslinked hydrogels as dermal regenerative fillers
Mount Sinai researchers uncover differences in how males and females change their mind when reflecting on past mistakes
CTE and normal aging are difficult to distinguish, new study finds
Molecular arms race: How the genome defends itself against internal enemies
Tiny chip speeds up antibody mapping for faster vaccine design
KTU experts reveal why cultural heritage is important for community unity
More misfolded proteins than previously known may contribute to Alzheimer’s and dementia
“Too much going on”: Autistic adults overwhelmed by non-verbal social cues
What’s driving America’s deep freezes in a warming world?
A key role of brain protein in learning and memory is deciphered by scientists
Heart attacks don’t follow a Hollywood script
Erin M. Schuman wins 2026 Nakasone Award for discovery on neural synapse function and change during formation of memories
Global ocean analysis could replace costly in-situ sound speed profiles in seafloor positioning, study finds
Power in numbers: Small group professional coaching reduces rates of physician burnout by nearly 30%
Carbon capture, utilization, and storage: A comprehensive review of CCUS-EOR
New high-temperature stable dispersed particle gel for enhanced profile control in CCUS applications
State gun laws and firearm-related homicides and suicides
Use of tobacco and cannabis following state-level cannabis legalization
Long-term obesity and biological aging in young adults
[Press-News.org] Atlanta Bankruptcy Attorneys Clark & Washington Discuss Chapter 7 Lien Stripping DecisionAtlanta bankruptcy law firm Clark & Washington stood up for a client with an upside down mortgage and earned a federal court decision forgiving the loan.