Category Archives: Bankruptcy
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When it comes to filing for bankruptcy, Georgians are more likely to be do-it-yourselfers than debtors in other states. Georgia has been ranked among the top ten states in the number of bankruptcy cases in which the debtor wasn’t represented by a lawyer (pro se). Many people who file their bankruptcy cases pro se do… Read More »
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If you are thinking about filing for bankruptcy and are the beneficiary of a trust, you’re probably concerned that you will lose your interest in the trust if you file. To determine whether your trust is at risk you must determine a few things. First, is the trust a valid spendthrift trust under the law… 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 »