Your statute of limitations has expired. OCGA 18-2-79.
A cause of action with respect to a fraudulent transfer or obligation under this article is extinguished unless action is brought:
(1) Under paragraph (1) of subsection (a) of Code Section 18-2-74, within four years after the transfer was made or the obligation was incurred or, if later, within one year after the transfer or obligation was or could reasonably have been discovered by the claimant;
(2) Under paragraph (2) of subsection (a) of Code Section 18-2-74 or subsection (a) of Code Section 18-2-75, within four years after the transfer was made or the obligation was incurred; or
(3) Under subsection (b) of Code Section 18-2-75, within one year after the transfer was made or the obligation was incurred.
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The cause of action would likely be for a "fraudulent conveyance" with an allegation that the transfer was intended to hinder your collection actions. I'm not sure of the statutue of limitations on such action, but if the transaction occured in 1997, I doubt the statute of limitations would be as long as 15 years. In addition to a statue of limitations defense (and in additon to any other defenses), the defendant would have the defense of "latches," which is basically saying that you waited too long to excercise your rights.
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