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BankruptcyOct 27, 2026

Chapter 7 vs. Chapter 13 Bankruptcy in Georgia: How to Decide Which One Fits

Most Georgians who file bankruptcy choose between Chapter 7 and Chapter 13, and the right answer depends on income, what you own, what you owe, and what you are trying to protect. Here is a side-by-side comparison under current Georgia law, including the July 2026 homestead exemption increase, the means test income limits, and the situations where each chapter is usually the better fit.

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BankruptcyOct 13, 2026

Congress Passes the Bankruptcy Threshold Adjustment Act: What the New Subchapter V and Chapter 13 Limits Mean for Georgia

Congress has passed H.R. 7730, which would permanently raise the Subchapter V debt limit to $7.5 million and replace Chapter 13’s two debt caps with a single $2.75 million limit. With filings up 11 percent nationwide and Subchapter V elections up 46 percent, here is what the Act changes, why filing timing now matters, and what Georgia businesses, individuals, and creditors should expect.

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