Q: chapter 7
Times are tough for me i have a lot of medical debt and i'm thinking of filing chapter 7, i live in a moble home worth 9,000 on rented land and a 10,000 non cashable life insurance policy,7 firearm value at 1,500 clothes 150 and 25 bucks in my saving account.Would i be able to keep all these items under any bankruptcy exemptions in georgia my dept is 25 grand, Thank you.
A: Most likely you’d be able to keep everything using your exemptions. Consult a competent bankruptcy practitioner who can evaluate your financial situation and help you make the right decision.
A: You will most likely be able to keep everything. The key is to list everything and then exempt it under the applicable exemption. Some attorneys offer, free consultations, so it won’t cost you anything to explore the possibility of filing bankruptcy.
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