Georgia leads nation in bankruptcy filings

This is not necessarily good news; however, having been in the legal practice in this area for over five years, I do think Georgia tends to have lower rates and charges because of our creditor friendly policies.

Take, for example, Florida where a person in bankruptcy gets to keep their house. Or New York, where it is a major pain in the butt for a bank to foreclose. Those states generally have higher costs associated with buying a house.

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2 comments

  1. atlantaman says:

    I think it’s great that the State of Georgia actually allows a party to enforce a contract that the other party willfully entered.

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