Category Archives: Chapter 13 Bankruptcy
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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 »
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Chapter 13 is an option that allows you to consolidate your debt through a repayment plan. Your plan payment will be driven by your income, your assets and your debts. As you might imagine, your income must be regular an sufficient to allow your repayment plan to work. Your goal is to protect the things… Read More »
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Can I Use Them In My Georgia Bankruptcy Case? Georgia is an “opt-out” state. This means that, like many states, Georgia “opted-out” of the federal exemptions and elected to apply its own bankruptcy exemptions in Georgia bankruptcy cases rather than apply the federal bankruptcy exemptions set out in Section 522(d) of the Bankruptcy Code. The… Read More »