Georgia Bankruptcy Exemptions
Homestead
44-13-100 - Real or personal property, including co-op, used as a residence,
up to $10,000 (up to $20,000 if married whether the spouse is filing or
not). Unused portion up to $5,000 may be applied to any other property.
Personal Property
44-13-100 - Motor vehicles up to $3,500; clothing, household goods,
appliances, furnishings, books, musical instruments, animals, and crops up
to $300 per item and $5,000 total; jewelry up to $500; health aids; lost
future earnings recoveries needed for support up to $7,500; personal injury
recoveries up to $10,000; wrongful death recoveries needed for support;
burial plot in lieu of homestead. Also, any property up to $600 plus any
unused homestead amount up to $5,000.
Wages
18-4-20 - For private and federal workers, either 40 times the state or
federal hourly minimum wage or a minimum 75% of earned but unpaid earnings;
whichever amount is greater. The judge may authorize more for low-income
debtors.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional IRAs and Roth
IRAs up to $1,095,000 per person.
18-4-22 - ERISA-IRAs and qualified benefits.
44-13-100 - Nonprofit corporations' employees; public employees; other
pensions and IRA payments needed for support.
Public Benefits
34-9-84 - Workers' compensation.
44-13-100 - Unemployment compensation, Veterans' benefits, social security,
crime victims' compensation, and local public assistance.
49-4-35 - Old age assistance.
49-4-58 - Aid to blind.
49-4-84 - Aid to disabled.
Tools of Trade
44-13-100 - Tools, books, and implements of trade up to $1,500.
Alimony and Child Support
44-13-100 - Alimony and child support needed for support.
Insurance
33-15-62 - Fraternal benefit society benefits.
33-26-5 - Life insurance proceeds and availables.
33-28-7 - Annuity and endowment contract benefits.
33-29-15 - Disability or health benefits up to $250 per month.
33-30-10 - Group insurance.
44-13-100 - Unmatured life insurance contract; unmatured life insurance
dividends, interest, loan value or cash value up to $2,000 if you or someone
you depend on is beneficiary; life insurance proceeds if policy is owned by
someone you depend on and is needed for support.