If states, cities, counties, corporations, and many famous people can use the bankruptcy system to reorganize their economic affairs, why can’t you?
Transcript: Hello, this is Jeff Kelly. And in this podcast I would like to talk about how getting a cheap divorce can set you up for a possible bankruptcy disaster. Okay, the first way that I often see it and it’s usually in almost every case, the wife that’s left with the children is so desperate to get rid of nasty, horrible husband, that she will agree to anything without a lawyer. She signs the papers and literally gives everything to him. I cannot believe how often I see this situation. Go get an attorney. There are some attorneys who will defend mothers with children and they’ll collect all the attorneys fees from the the ex husband so it’s really tragic sometimes when I you know, I see Women with kids come in and there’s just not enough money to make the mortgage payment not enough money to cover electricity bills. In those situations, you know, honestly, bankruptcy doesn’t help if we’re in a house that you need to stay in and the future mortgage payments are too high. Maybe man, I hate it. And in most cases, it’s almost impossible to go back and undo a bad divorce. It’s much better to get an attorney from the beginning and avoid those rough situations. Another thing that I see that’s often very common is people will, you know, do the no fault divorce, no attorney and one spouse will sign their interest in the house over to the other spouse, and they’ll do it in ...
Transcript: Hello, this is Jeff Kelly Today is December the 7th 2019. And today I want to talk about automatic payments that come out of your bank account. You know, I can understand why automatic payments sounds like a great idea. You don’t have to worry about it, just set it and forget it. But for somebody who who’s having debt problems, this is a terrible idea. And the reason why is because the creditors that are are going to push the hardest to get automatic payments coming out of your check are probably the ones that you’re not going to pay if you get into serious trouble. So, you know with things like your mortgage company, house payments, number one, but let me give you an example of one that you really don’t want to have automatic payments on. And that would be your second mortgage. If you get into serious trouble on your first mortgage, they’re going to foreclose on your house, okay? So, first mortgage top priority. Second mortgages, are they going to foreclose on your house? The answer is almost never. And the reason why is because in order for a second mortgage to foreclose on your house, they’ve got to pay the entire balance on the first mortgage first, before they can foreclose. So most situations, second mortgages, you know, we see some money owing maybe, you know, for example, ...
Transcript: Intro Speaker: It’s time for Kelly can help hosted by Jeff Kelly, Attorney along with the law office of Jeffrey B. Kelly. And now here’s Jeff Kelly. Jeff Kelly: All right, got David lovebirds our show today. David, what I’d like to do is introduce you to my clients and my listeners. And if you don’t mind, just tell us a little bit about yourself and your practice and your area of specialty. David Blevins: Well, it’s good to be here, Jeff, it’s good to be here. The I’ve been practicing for 35 years all here in Dalton, I got out of the University of Georgia law school. My practice now consists of really two areas of emphasis. I do car wrecks and personal injury, which is what I’ve traditionally done for 34 years. But in the last five or six years, in particular, I have done a lot of probate and estate work. And I’ve done probate litigation. And you know, I kind of backed into it, you know, I never plan to do this. But my wife, we practice all together. From the 80s. After I first child was born, she was practicing in Chattanooga, but she was the probate lawyer. And I had a large probate practice. And so in cases we go sour, I was doing litigation. So she would say I would just come into the office and and be a file on my desk. And pretty soon I realized that was a probate case and now needed litigation. So that’s kind of how I learned to do it. And I’ve been doing ...
