Exemptions in GA
Date: Wed, 03/18/2009 - 18:32
Can someone explain to me GA's policy regarding auto exemptions? I have car that is in my name and my DH's name. We have 7 payments left. When you have something "exempt" and get to keep it, does it go into the BK or do you keep paying? In our situation, I am filing, he is not. So how would that work?
First of all I hate abreviations except for those that are obvio
First of all I hate abreviations except for those that are obvious like LOL and LMAO. I am assuming that DH does not mean designated hitter but divorced husband, I know that GA is Georgia and I think that BK means chapter 7 or 13. Given that I will tell you that if there is a lien on the vehicle and you still have payments and it is in both your names, it is a secured debt and not part of the bankruptcy. Whomever is the primary borrower has the responsibility to pay for the remaining balance on the car.
Sorry about the abbreviations, and thank you so much for your he
Sorry about the abbreviations, and thank you so much for your help. In my case DH means Dear Husband as we are still married and the BK is Chapter 7.
