Legal Question in Bankruptcy in Georgia
personal bankruptcy,
If someone declares bankruptcy,what other assets are protected besides one's home?
5 Answers from Attorneys
Re: personal bankruptcy,
Your posts shows you as being in Florida but are asking about Georgia. The answer depends on the state, and also on how long you have lived in a state, so we'll need more information. It also is affected (in some cases) by when you acquired an asset, what liens are on it, and how you use the asset.
Re: personal bankruptcy,
You need to provide much more information for an attorney to properly advise you on this issue.
Find an attorney to consult.
Re: personal bankruptcy,
I failed to mention before, there are also new "look back" provisions which could have an impact on exempt assets.
IF you need additional consultation call my office.
Re: personal bankruptcy,
You would have to provide far more information to get a meaningful response for your circumstances, so the best way to find out is see a bankruptcy lawyer. It is also not true that homes are always protected. For general information, google.
Re: personal bankruptcy,
401K's, Retirement Accounts, School Saving's Plans, Life Insurance Proceeds, SSI.....with many personal exemptions on personal property if a homestead is not claimed as an exemption.
Related Questions & Answers
-
Bankrupcy in a divorce how does husband filing bankruptcy during divorce effect... Asked 9/02/08, 6:41 pm in United States Georgia Bankruptcy Law
-
Can I keep my car? I have a 2002 Chysler pt crusier. I recently filed chapter 7 is... Asked 9/02/08, 10:50 am in United States Georgia Bankruptcy Law
-
Sue a bankruptcy trustee Can I bring a lawsuit against a bankruptcy trustee... Asked 8/29/08, 9:43 am in United States Georgia Bankruptcy Law