Category Archives: Bankruptcy
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Although each state may determine its own bankruptcy exemptions, federal law governs the overall structure and purpose of bankruptcy law. In general, all 50 states must follow the same rule for child support and alimony: Domestic support obligations are not dischargeable in either Chapter 7 or Chapter 13 bankruptcy. Furthermore, domestic support obligations are considered… Read More »
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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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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 »