Category Archives: Chapter 7 Bankruptcy
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Whether you get to keep you car when you file Chapter 7 in Georgia depends on a number of factors: How much equity do you have in your car? Are you filing bankruptcy alone or jointly with a spouse? Must you (or you and your spouse) use your “wildcard” exemption to protect some other asset?… Read More »
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The short answer to the question is yes. The more important inquiry is which option makes the most economic sense for you and your spouse! Georgia follows the common law rules of ownership of property and liability for debt. In Georgia, unless your spouse (or some relative, friend or other person) cosigned for your debt,… Read More »
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For me, the keystone or centerpiece of all of the interacting parts of the Bankruptcy Code is the automatic stay. The stay is the fundamental shield available to our clients who file for relief from creditors in a Chapter 7 or Chapter 13 case and shields you and your assets from any collection activity by your creditors. The stay arises automatically… Read More »