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N.D. Georgia· 8/3/2005

In Re Michael

Citations

  • 339 B.R. 798
  • 2005 Bankr. LEXIS 1919
  • 2005 WL 3844201

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • holding annuity not exempt because it was purchased in a lump sum with proceeds of inheritance
  • stating that not every annuity qualifies for O.C.G.A. § 44-13-100 (a) (2) (E) exemption
  • noting that the U.S. Supreme Court in Rousey placed value on the deterrence effect of the penalty as distinguished from penalties that are less likely to discourage a debtor from withdrawing funds before the maturity date
  • annuity not exempt where debtor retained authority to surrender, assign, or amend annuity at any time and to exercise any right and receive any benefit under the contract
  • not every annuity qualifies for OCGA § 44-13-100 (a) (2) (E) exemption

Source: CourtListener parenthetical corpus (CC0).

Judges: Mary Grace Diehl

Read full opinion on CourtListener

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12 cases in this archive cite this case.

Cites

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