King and King bankruptcy attorneys in Atlanta will use Georgia state
law to protect your personal property. Listed below are some of the most common
types of exemptions that our bankruptcy attorneys will use to help you keep
your personal possessions.
Our
attorneys want you to consider these exemptions as you're contemplating whether
or not to file Chapter 7 or Chapter 13. Our bankruptcy attorneys will provide
you with a consultation to explain how each could or could not apply to your
particular case. In addition, our bankruptcy attorneys may also be able to use
other bankruptcy exemptions that do not appear on this list.
Motor Vehicle
Exemption -- Your bankruptcy attorneys will use this exemption to protect
motor vehicles listed in your bankruptcy.
Home Exemption --
This exemption can be used to protect the equity in your home and its
improvements, your land, and/or your mobile home.
Household Goods
Exemption -- This exemption allows your bankruptcy lawyers to protect your
interest in your valued household goods, appliances, furniture, and home and
yard equipment.
Life Insurance
Proceeds Exemption -- This exemption can be used to protect a payment under
a life insurance contract that insured the life of an individual of whom you
were a dependent, to the extent reasonably necessary for your support or the
support of your dependent(s).
Retirement Plan
Exemption -- Your lawyers can prevent creditors from touching the proceeds
of your hard-earned retirement plan.
Professional Tools of
the Trade -- This is a useful exemption that can be used to protect the
tools you use in your profession.
Wildcard Exemption
-- The "wildcard" exemption permits you to protect your property not
covered by any of the other exemptions.
These are just a few of the exemptions that will put you
back in the black after your bankruptcy. Call the experienced lawyers of King
and King today for a free consultation. 404-524-6400 or visit www.kingandkingattorneys.com
