Michael Holbein Quoted in Daily Report

The Daily Report article “Correction: Judge Did Not Revoke Deal Daughter’s Bankruptcy” quotes AGG Of Counsel Michael F. Holbein. The debts of the daughter of Republican gubernatorial candidate Nathan Deal remain permanently exempt from collection by her creditors. Mr. Holbein says that her husband, Clinton Wilder, is liable not only for his personal debts, but also for the couple’s joint debts, which include $513,276 in unsecured debts and more than $2.5 million in secured claims. According to Mr. Holbein, creditors may lay claim to Mr. Wilder’s interest in any accounts or assets the couple jointly owned, and if the creditors seize the couple’s joint bank accounts, Mrs. Wilder may have to prove what percentage of the account derived from her own personal earnings.