Recent Blog Posts
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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 »
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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 »