Tag Archives: Atlanta bankruptcy attorney
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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 »
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Continued from The Magic of the Automatic Stay: Part I and The Magic of the Automatic Stay: Part II Based on public policy, there are certain acts set out in Section 362(b) for which the stay does NOT automatically arise to protect you or your property when your petition is filed. On the other hand,… Read More »
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Continued from The Magic of the Automatic Stay Many legal writers have observed that the purpose of the stay is to provide a “breathing spell” while the facts in a bankruptcy case are sorted out. Each statutory provision controlling the specific stay relief that arises automatically upon the filing of a bankruptcy petition is set… Read More »