Category Archives: bankruptcy exemption

Discharging Taxes in Bankruptcy

As part of an ongoing trend, revenue-strapped Lawrenceville announced that it would seize income tax returns to satisfy delinquent accounts. Under the Tax Return Intercept Program, participating local governments essentially place a lien on certain tax returns. Taxpayers in these situations should receive a notice letter that gives them thirty days to successfully challenge the […]

Do You Have Too Much Money and Too Many Non-Exempt Assets to File Bankruptcy?

Contrary to popular myth, bankruptcy debtors do not automatically lose their non-exempt assets, even in Chapter 7 liquidations. The trustee (a court-appointed bureaucrat who oversees the case on behalf of the judge) is under no duty to perform such random seizures. Instead, the bankruptcy trustee must examine non-exempt assets and determine if it is worthwhile […]

Breaking News – Georgia Doubles The Bankruptcy Exemption For Homes

It’s time for all Georgia consumers to smile.  Georgia’s governor, Nathan Deal, recently signed a new law that raises the bankruptcy exemption for Georgia residents from $10,000.00 to $21,500.00 for individuals and from $20,000.00 to $43,000.00 for married couples.  This is good news for any Georgia consumer that is considering bankruptcy. In the short run, […]


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