Tag Archives: debtor
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What is a cosigner? A cosigner is usually a friend or family member who signs a legal document or contract and promises to pay your loan in the event you are unable. When a consigner signs a contract, this individual becomes legally liable for the debt. According to bankruptcy laws, the lender/creditor views the cosigner… Read More »
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A recent bankruptcy court decision in Silliman v. Cassell reacquaints us with the similarities and differences in the Georgia exemption language in 44-13-100(a)(2)(E) and in the federal exemption in 11 USC Section 522(d)(10)(E). The Georgia exemption is modeled after the federal exemption and is similar, but not identical. Georgia exempts “a payment under a pension,… Read More »
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The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was signed into law by President Bush on April 20, 2005 and took effect on October 17, 2005. Primarily, the law was enacted to prevent individuals from filing Chapter 7 bankruptcy and eliminating their debt when they have the ability to repay all or… Read More »