Results 1 to 6 of 6

Hybrid View

  1. #1
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Goin to Court Today

    But note, that site's content hasn't been updated for a long time.

  2. #2
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: What Happens if a Creditor Gets a Judgment

    Ok, well then, from the US Chamber of Commerce 2008 - Ga. post-judgment asset exemptions:

    Homestead: Real property, including co-op up to $10,000, married couple may double. Unused homestead up to $5,000 may be applied to any property.

    Pensions and Retirement Benefits: ERISA-qualified retirement plans, plans for public employees and non-profits, and Social Security benefits. Other pensions and retirement benefits and annuity payments (including IRA exemptions for conventional, SEP and SIMPLE plans) exempt only to extent needed. Distributions limited to amount necessary for support of debtor and dependents, but undistributed balance is fully protected. Roth IRAs and regular IRAs up to $1,095,000 per person. Warning: A Georgia court has held that protection does not extend to self-funded IRAs.

    Insurance: Annuity and endowment benefits. Disability or health benefits to $250 per month. Fraternal society benefits. Life insurance proceeds if needed for support. Unmatured life insurance dividends, up to $2,000 in dividends, interest or loan value, if debtor or dependent is the insured.

    Personal Property: Burial place. Jewelry to $500. Motor vehicles to $3,500. Personal injury recoveries to $10,000. Wrongful death recoveries. Animals, crops, clothing, books, household goods, musical instruments to $300 per item, $5,000 maximum.

    Tools of Trade: Tools and implements up to $1,500.

    Miscellaneous: Alimony. Support and separate maintenance exempt to extent needed for debtor's or dependents' support.

    Wages: Minimum 75% of earned but unpaid wages for private and federal workers. State employees'/officials' salaries totally exempt from claims relating to liability incurred in scope of government employment while responding to emergency.

    Public Benefits: Workers' compensation. Unemployment compensation. Veteran's benefits. Aid to blind and disabled. Crime victim's compensation. Local public assistance. Old-age assistance. Social Security.

    Wild Card: $600 of any property; and unused portion of homestead exemption.

  3. #3
    Join Date
    Feb 2010
    Posts
    2

    Default Re: What Happens if a Creditor Gets a Judgment

    thank you for the responses, she went to court today and they went out in the hallway and accepted our offer of 9300.

    i think i finally learned my lesson on credit cards and a job that is either feast or famine.

    thank you so much for what yall do for us that have no clue whats goin on in a court room

  4. #4
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: What Happens if a Creditor Gets a Judgment

    You're very welcome.

    1. Sponsored Links
       

Similar Threads

  1. Payment and Satisfaction: What's the Best Way to Send a Check to a Judgment Creditor
    By Big_Tony in forum Civil Procedure
    Replies: 4
    Last Post: 04-30-2011, 10:54 AM
  2. Can a Judgment Creditor Go After My Business
    By Tremaine in forum Civil Procedure
    Replies: 1
    Last Post: 12-22-2010, 10:46 PM
  3. What Happens After a Creditor Gets a Judgment
    By grounded11 in forum Civil Procedure
    Replies: 1
    Last Post: 12-18-2010, 08:10 AM
  4. Garnishment and Execution: Can a Judgment Creditor Access a CD Account
    By Michelle W in forum Civil Procedure
    Replies: 1
    Last Post: 11-01-2010, 09:57 PM
  5. How to Locate a Judgment Creditor
    By lbnxqueen in forum Civil Procedure
    Replies: 4
    Last Post: 10-16-2009, 08:57 AM
 
 
Sponsored Links

Legal Help, Information and Resources