Author Archives: Win Mims
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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 »
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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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On May 2, 2012, the homestead exemption was increased which brought the exemption for an individual filer to $21,500.00 and nearly in line with the federal homestead exemption. This was especially important to Georgia debtors who are not allowed to use the federal exemption as an alternative to the Georgia exemption. In the nearby state… Read More »