Georgia bankruptcy laws cause bankruptcy filings to differ from filings in other States. For metro residents, Atlanta bankruptcy information is best researched locally. If you are reading about Chapter 7 or Chapter 13 from a book or a national web site, it is possible that you will not get accurate advice about a metro Atlanta bankruptcy filing.
Although Atlanta bankruptcy filings are done in federal court under a national bankruptcy law system, Georgia bankruptcy laws do play a major role. The most obvious difference between Georgia bankruptcy laws and laws in other States has to do with “exemption planning.”
Georgia bankruptcy laws on exemptions identify the property (both real and personal) that you can protect and keep if you pursue an Atlanta bankruptcy filing. Under the Georgia bankruptcy laws, an individual can protect up to $10,000 of equity in a residence, up to $5,000 in household goods and up to $3,500 equity in motor vehicles.
By contrast, a person filing in Alaska can protect up to $64,800 of equity in his house, but only $3,600 of household goods. A person in Texas can protect his home no matter what the value, and $60,000 of household goods.
Thus, if you are looking for Atlanta bankruptcy information and you accidentally research Texas bankruptcy law, you could possible put your home and property at risk should you undertake an Atlanta bankruptcy filing with the wrong information.
Ginsberg Law Offices Georgia bankruptcy law web sites contain extensive and useful information about the Georgia exemption laws and other aspects of Atlanta bankruptcy filings. For Atlanta bankruptcy filing information see the Atlanta Bankruptcy Attorney site and for Northern District of Georgia bankruptcy information see the Georgia bankruptcy site.
Attorney Ginsberg offers potential clients a free bankruptcy case evaluation - simply download his Atlanta bankruptcy client questionnaire, fill it out and fax to him at 770-393-0240.
