On July 1, 2026 the Georgia Homestead Exemption increases from $21,500.00 to $50,000.00 for an individual debtor, or a double exemption of $100,000.00 if a non-filing spouse is also a co-owner. This is a dramatic increase for Georgia, and opens up Chapter 7 for many people who are facing bankruptcy and may otherwise have had… Continue Reading
The Third Circuit Court of Appeals issues a reminder to debtors’ counsel that they can protect themselves with beneficial (boilerplate) terms in a Chapter 11 Plan. In In re SC SJ Holdings, LLC, 2024 WL 1328233 (3rd. Cir. March 28, 2024), the Debtor was the owner of a hotel that was operated by Accor Management… Continue Reading
