Georgia Bankruptcy Exemption Information
When you act as trustee in a bankruptcy case, one of your key duties will be to evaluate the debtor's property to see what, if anything, qualifies for liquidation. Our quick reference page is a convenient way for you to see the most common Georgia bankruptcy exemptions at a glance.
Homestead
$10,000 exemption for real or personal property ($20,000 if property
owned by a married person).
Wages
75 percent of weekly earnings are exempt.
Automobiles
The debtor's interest, not to exceed the total of $3,500.00 in value, in
all motor vehicles.
Other Property
$1,500.00 in value, in any implements, professional books, or tools of
the trade of the debtor or the trade of a dependent of the debtor; $300.00
in value in any particular item, in household furnishings, household goods,
wearing apparel, appliances, books, animals, crops, or musical instruments that
are held primarily for the personal, family, or household use of the debtor or
a dependent of the debtor (maximum of $5,000.00 in total value); and $500.00
in jewelry.
Note: Exemptions may have changed since our last update.
» Read the complete Georgia bankruptcy
exemptions here
» Back to Bankruptcy Laws In Your State