Author Archives: Win Mims
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A previous blog published in August 2013 re-visited the important role of exemptions in a Chapter 7 case of shielding certain property from the trustee and creditors so that the property (in this case, the stream of income from an annuity) will be available for a debtor’s “fresh start”. In Silliman v. Cassell, the property the debtor wished to shield… Read More »
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The U.S. Census recently reported that Georgia outpaces the nation in the rate of unemployment: 8.7 compared with 7.3. It appears that Georgia also has the eighth-highest divorce rate in the nation. While many variables such as the age of persons when they marry may come into play and affect the rate of divorce, few issues… Read More »
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Effective July 1, 2013 the Motor Vehicle Exemption increased from $3,500 to $5,000. This provides additional “wiggle-room” in determining whether you can keep your motor vehicle(s) when you file Chapter 7. Now, each debtor has $5,000 from this exemption to protect all motor vehicles titled in the debtor’s name. These factors can come into play… Read More »