News Topic: Georgia State Cases
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Homestead Exemption: Double Exemption Available Where Debtor Does Not Have Sole Ownership Of Residence
US Trustee Investigating Possible Scheme to Take Debtors’ Equity in Real Property in Multiple Cases; Lawyer Sanctioned
Obituary of Judge Walter Homer Drake, Jr.
When Does a Judgment Lien and FiFa Attach to Real Property in Georgia?
In Georgia, does a judgment lien attach to real property as of the date the judgment was entered or as of the date and time the writ of fieri facias on that judgment is properly recorded in the county records, as required under Georgia law? The Supreme ... Read full article
Roth IRA Is Exempt Under New Georgia Exemption Laws, 11th Circuit Says in Case of First Impression
Georgia Supreme Court And Eleventh Circuit Agree: Health Savings Accounts NOT Exempt In Georgia.
Georgia Supreme Court: Foreclosure Confirmation Requirements Can be Waived By Borrowers And Guarantors
Did the Georgia Supreme Court effectively repeal the foreclosure confirmation statute by affirming the rights of lenders to include waivers in their standard loan documents for both borrowers and guarantors? That appears to be the case. In PNC ... Read full article
Single Premium Annuity Exempt In Bankruptcy, Says Georgia Supreme Court.
The Georgia Supreme Court recently answered certified questions from the Eleventh Circuit Court of Appeals regarding whether a single premium annuity was exempt in a Chapter 7 case, where the annuity was purchased a year before filing with $220,000 in ... Read full article
Georgia Supreme Court Issues Significant Opinion That Could Invalidate Many Deeds In Georgia
On February 18, 2013, the Georgia Supreme Court issued its opinion in Wells Fargo Bank. N.A. v. Gordon , No. S12Q2067, 2013 Ga. LEXIS 158 (Feb 18, 2013). The case was certified to the Georgia Supreme Court by the Eleventh Circuit Court of Appeals in In ... Read full article
Georgia Supreme Court Issues Significant Opinion That Could Invalidate Many Deeds In Georgia
On February 18, 2013, the Georgia Supreme Court issued its opinion in Wells Fargo Bank. N.A. v. Gordon , No. S12Q2067, 2013 Ga. LEXIS 158 (Feb 18, 2013). The case was certified to the Georgia Supreme Court by the Eleventh Circuit Court of Appeals in In ... Read full article
Georgia Supreme Court Issues Significant Opinion That Could Invalidate Many Deeds In Georgia
On February 18, 2013, the Georgia Supreme Court issued its opinion in Wells Fargo Bank. N.A. v. Gordon , No. S12Q2067, 2013 Ga. LEXIS 158 (Feb 18, 2013). The case was certified to the Georgia Supreme Court by the Eleventh Circuit Court of Appeals in In ... Read full article
Reese v. Provident Funding: Georgia Court of Appeals Ruling Potentially Invalidates Thousands Of Foreclosures
In a case of first impression, the Georgia Court of Appeals has held that a foreclosure notice must identify both the secured lender and the "individual or entity who shall have full authority to negotiate, amend, and modify all terms of the ... Read full article
Can Creditors File A Derivative Action Against Limited Liability Company?
In CML V, LLC v. Bax , No. 735, 2010 (Del. Supr. Sept. 2, 2011) ( click here for .pdf of opinion ), the Delaware Supreme Court addressed the questions of whether a creditor can file a derivative action against a limited liability company. Plaintiff CML ... Read full article
Lawsuits Being Flying Against Officers, Directors, Insiders And Professionals Of Failed Banks
The State of Georgia is among the national leaders in banks closed by state and federal agencies. So far in 2011, six Georgia banks have been closed, with the latest two being Habersham Bank and Citizens Bank of Effingham . Since late 2008, when the ... Read full article
Supreme Court of Georgia Rules On Mortgage Attestation Question
In this prior post, I discussed a ruling by Judge Massey, wherein he ruled in favor of a Chapter 7 Trustee who sought to set aside a security deed that did not contain the appropriate signature of an unofficial witness. Gordon v. Wells Fargo , Adv. No. ... Read full article
Can Creditors File A Derivative Action Against Limited Liability Company?
In CML V, LLC v. Bax , No. 735, 2010 (Del. Supr. Sept. 2, 2011) ( click here for .pdf of opinion ), the Delaware Supreme Court addressed the questions of whether a creditor can file a derivative action against a limited liability company. Plaintiff CML ... Read full article
Supreme Court of Georgia Rules On Mortgage Attestation Question
In this prior post, I discussed a ruling by Judge Massey, wherein he ruled in favor of a Chapter 7 Trustee who sought to set aside a security deed that did not contain the appropriate signature of an unofficial witness. Gordon v. Wells Fargo , Adv. No. ... Read full article
Lawsuits Being Flying Against Officers, Directors, Insiders And Professionals Of Failed Banks
The State of Georgia is among the national leaders in banks closed by state and federal agencies. So far in 2011, six Georgia banks have been closed, with the latest two being Habersham Bank and Citizens Bank of Effingham . Since late 2008, when the ... Read full article
