Category Archives: bankruptcy exemption

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, […]

Bankruptcy – Will I Keep My 401k If I File In Georgia?

When you file bankruptcy in Georgia, you will most likely keep all of your 401k retirement. I have been practicing consumer bankruptcy law since 1998 and I’ve never seen any debtors lose any of their 401k after they filed bankruptcy in Georgia. I meet with clients all the time from Dallas, Rome, Cartersville, Hiram, Douglasville, […]

Bankruptcy- Can I Keep My Furniture If I File in Georgia?

As a Georgia bankruptcy attorney, one of the most common questions I hear from potential clients is, “Will I be able to keep my furniture if I file bankruptcy?”  In Georgia, the answer to this question in almost every case is yes. The exemption law in Georgia for furniture states that any bankruptcy debtor may […]

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