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Georgia Bankruptcy

Exemption Court
Georgia Bankruptcy Exemption
Homestead: The principle place of residence of the exempted up to the extent of $ 10,000 and $ 20,000 for married couples.

Wages:
Disposable earnings up to the extent of 75% or 30 times the federal minimum hourly wage per week, whichever is greater.

Personal Property:
Personal property of debtor empted up to $ 600 plus unused portion of exemption property but not exceeding $ 5,000.

Wages of deceased employee:
Wages of deceased employee's are exempted up the extent of $ 2,500.

Professional Tools and Implements:
Equipment and machines required for carrying out trade or profession is exempted up to the extent of $ 1000.

Jewelry:
Jewelry for debtor and dependent of debtor up to the extent of $ 500.

Automobile:
Motor vehicle for personal usage is exempted up to the extent of $ 3,500.

Household Furniture:
Furniture, implements, appliances, books, wearing apparel, animal, crops or musical instruments of debtor or his/her dependents are exempted up to the aggregate limit of $ 3,500 with the limit of $ 300 per article.

Life insurance:
Debtor's aggregate interest in accrued dividends, loan value on unmatured life insurance contracts owned by the debtor and insuring the debtor or his/her dependent up to the extent of $ 2,000.

Retirement Plan:
100% till distribution then according to the GCA rules given in GCA 18-4-20.

Total or Absolute Exemptions for:
  • Professionally prescribed medical bills of debtor and dependents.
  • Tuition prepaid payments.
  • Crime victim's reparation awards.
  • Specific partnership benefits.
  • Fireman's pension benefits.
  • Public assistance benefits.
  • Unemployment compensation benefits.
  • Fraternity benefits society benefits.
  • Worker's compensation benefits.
  • Proceeds of annuity contracts.
  • Group life and disability insurance benefits.
  • Blind's pension benefits.
  • District Attorney's retirement benefits.
  • Judge's retirement benefits.
  • Sheriff and Peace officer's retirement benefits.
  • Funds and benefits subject to ERISA.
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