Tag Archives: bankruptcy exemptions
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Just jumping into bankruptcy without preparing ahead of time can deprive you of many of the benefits that the process has to offer. There are also certain actions that must be approached cautiously so you don’t harm your chances of getting your debts discharged or cause the court to interpret certain debt as fraudulent. While… Read More »
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Although bankruptcy follows federal legal guidelines for the most part, certain aspects differ based on state laws. In Georgia, for example, state law dictates that certain items are considered exempt property. These exemptions may or may not match federal exemptions. Chapter 7 and Chapter 13 exemptions Although Chapter 7 bankruptcy is what people most commonly… Read More »