Georgia Bankruptcy |
Exemption | Court |
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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:
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