As of February 22, 2026, Georgia debtors and creditors alike are facing significant changes in their financial relationships due to a series of new policies and regulations enacted by state authorities.One of the most notable developments is the introduction of stricter guidelines for debt collection practices in the state. Under the new regulations, debt collectors are required to provide debtors with detailed information about their rights, including the right to dispute a debt and request validation of the amount owed. Additionally, debt collectors are now prohibited from making harassing phone calls or engaging in other aggressive tactics to collect debts.These changes are expected to have a significant impact on debtors in Georgia, who will now have greater protections against abusive debt collection practices. However, creditors may find themselves facing new challenges in their efforts to recover unpaid debts, as they will need to ensure that their collection practices comply with the new regulations.In addition to the changes in debt collection practices, Georgia debtors and creditors are also facing new requirements for bankruptcy filings. Under the new rules, debtors must undergo mandatory credit counseling before filing for bankruptcy, in an effort to help individuals better understand their financial situation and explore alternatives to bankruptcy.These new policies are designed to provide greater transparency and fairness in financial transactions in Georgia, and to protect both debtors and creditors from abusive or predatory practices. While some may find these changes challenging to navigate, they ultimately aim to create a more equitable and secure financial environment for all parties involved.