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Episode 24: Bankruptcy Law Update: HB 1024 Takes Effect July 1
If you've been told you don't qualify for Chapter 7 bankruptcy because you have too much equity in your home, it may be time to take another look.
In this solo episode of Crashes, Claims & Clarity, attorney Darrell Burrow breaks down Georgia's new House Bill 1024 and explains how a major increase in the state's bankruptcy exemption limits could help more families qualify for bankruptcy protection beginning July 1, 2026.
Darrell explains the difference between federal bankruptcy law and Georgia's state-specific exemptions, why the law was changed, and how rising property values have impacted…
The skinny
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