2010 Georgia Code
TITLE 53 - WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES
CHAPTER 7 - ADMINISTRATION OF ESTATES GENERALLY
ARTICLE 4 - CLAIMS AGAINST AND IN FAVOR OF ESTATE
§ 53-7-105 - (Pre-1998 Probate Code) Compromise of claim in favor of estate when debtor delivers all property for use of creditors; order of probate court

O.C.G.A. 53-7-105 (2010)
53-7-105. (Pre-1998 Probate Code) Compromise of claim in favor of estate when debtor delivers all property for use of creditors; order of probate court


An administrator or executor is authorized to compromise a claim in favor of the estate he represents when the debtor, in good faith, delivers all his property for the use of his creditors, except such property as is exempt from levy and sale in cases of insolvent debtors. However, the judge of the probate court, after an examination of the facts, shall first make an order directing the compromise.

Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.