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Georgia State Bankruptcy Exemptions |
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Georgia State Bankruptcy Exemptions |
| ASSET | EXEMPTION | LAW PROVISION |
| HOMESTEAD | Real or personal property, including co-op, used as residence to $5,000; unused portion of homestead may be applied to any property | 44-13-100(a)(1) |
| INSURANCE | Annuity and endowment contract benefits | 33-28-7 |
| Disability or health benefits to $250 per month | 33-29-15 | |
| Fraternal benefit society benefits | 33-15-20 | |
| Group insurance | 33-30-10 | |
| Industrial life insurance if policy owned by someone you depend on, needed for support | 33-26-5 | |
| Life insurance proceeds if policy owned by someone you depended on, needed for support | 44-13-100(a)(11)(C) | |
| Unmatured life insurance contract | 44-13-100(a)(8) | |
| Unmatured life insurance dividends, interest, loan value or cash value to $2,000 if beneficiary is you or someone you depend on | 44-13-100(a)(9) | |
| MISCELLANEOUS | Alimony, child support needed for support | 44-13-100(a)(2)(D) |
| PENSIONS | Employees of non-profit corporations | 44-13-100(a)(2.1)(B) |
| ERISA-qualified benefits | 18-4-22 | |
| Public employees |
44-13-100(a)(2.1)(A), 47-2-332 |
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| Other pensions needed for support |
18-4-22, 44-13-100 (a)(2)(E), 44-13-100(a)(2.1)(C) |
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| PERSONAL PROPERTY | Animals, crops, clothing, appliances, books, furnishings, household goods, musical instruments to $200 per item, $3,500 total | 44-13-100(a)(4) |
| Burial plot, in lieu of homestead | 44-13-100(a)(1) | |
| Health aids | 44-13-100(a)(10) | |
| Jewelry to $500 | 44-13-100(a)(5) | |
| Lost future earnings needed for support | 44-13-100(a)(11)(E) | |
| Motor vehicles to $1,000 | 44-13-100(a)(3) | |
| Personal injury recoveries to $7,500 | 44-13-100(a)(11)(C) | |
| Wrongful death recoveries needed for support | 44-13-100(a)(11)(B) | |
| PUBLIC BENEFITS | Aid to blind | 49-4-58 |
| Aid to disabled | 49-4-84 | |
| Crime victims’ compensation | 44-13-100(a)(11)(A) | |
| Local public assistance | 44-13-100(a)(2)(A) | |
| Old age assistance | 49-4-35 | |
| Social security | 44-13-100(a)(2)(A) | |
| Unemployment compensation | 44-13-100(a)(2)(A) | |
| Veterans’ benefits | 44-13-100(a)(2)(B) | |
| Workers’ compensation | 34-9-84 | |
| TOOLS OF TRADE | Implements, books and tool of trade to $500 | 44-13-100(a)(7) |
| WAGES | Minimum 75% of earned but unpaid wages for private and federal workers; bankruptcy judge may authorize more for low-income debtors | 18-4-20, 18-4-21 |
| WILD CARD | $400 of any property | 44-13-100(a)(6) |
| Unused portion of homestead exemption, of any property | 44-13-100(a)(6) |
Thursday January 12, 2006