Georgia Bankruptcy Exemptions 2020

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Written by Upsolve Team.  
Updated February 21, 2020

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Summary

It's important to understand what the exemptions for Georgia are and how they're most often used in a bankruptcy case.

How Do Exemptions Work?

When you file for Chapter 7 bankruptcy, one of the biggest questions is whether or not you will be able to keep your property.

That depends on which property exemptions you can use on your bankruptcy forms. They are called exemptions because they “exempt” -- or “excuse” -- certain property from being taken. In most cases, exemptions protect most day-to-day items that you own, unless you have expensive property like a house or a car.

Certain exemptions protect entire categories of property like retirements accounts, regardless of value. Other exemptions only protect specific property like a vehicle up to a certain value.

If you're looking for a deep understanding of bankruptcy exemptions, read this article.

Does Georgia allow federal exemptions?

Georgia does not recognize the federal exemptions.

Every state has its own set of property exemptions. And some states also allow you choose between their exemptions and a set of federal bankruptcy exemptions. When they do, they will generally let you to choose the system that is the best fit for you. Although some states allow you to use the federal bankruptcy exemptions, others do not.

Georgia Exemptions

11 U.S.C. § 522(b)(3)(C)

Most people use 11 U.S.C. § 522(b)(3)(C) to cover tax exempt retirement accounts. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(3)

Most people use Ga. Code Ann. § 44-13-100 (a)(3) to cover motor vehicles. For single debtors filing, it has a coverage limit of $5,000.

Ga. Code Ann. § 44-13-100 (a)(4)

Most people use Ga. Code Ann. § 44-13-100 (a)(4) to cover household goods, furnishings, books, antiques, art, collectibles, wearing apparel, animals, hobby equipment, crops. For single debtors filing, it has a coverage limit of $5,000.

Ga. Code Ann. § 44-13-100 (a)(5)

Most people use Ga. Code Ann. § 44-13-100 (a)(5) to cover jewelry. For single debtors filing, it has a coverage limit of $500.

Ga. Code Ann. § 44-13-18

Most people use Ga. Code Ann. § 44-13-18 to cover produce, rent or profit from exempt property. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(10)

Most people use Ga. Code Ann. § 44-13-100 (a)(10) to cover health aids. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(2.1)(B)

Most people use Ga. Code Ann. § 44-13-100 (a)(2.1)(B) to cover pension for employees of nonprofit corporations. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 47-2-332

Most people use Ga. Code Ann. § 47-2-332 to cover state, county, city employees pensions. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 47-6-100

Most people use Ga. Code Ann. § 47-6-100 to cover legislators' pensions. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 18-4-22

Most people use Ga. Code Ann. § 18-4-22 to cover ira, erisa. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(2.1)(C); Ga. Code Ann. § 44-13-100 (a)(2)(E)

Most people use Ga. Code Ann. § 44-13-100 (a)(2.1)(C); Ga. Code Ann. § 44-13-100 (a)(2)(E) to cover reasonably necessary pensions. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 33-28-7

Most people use Ga. Code Ann. § 33-28-7 to cover annuity and endowment contract benefits. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(2)(D)

Most people use Ga. Code Ann. § 44-13-100 (a)(2)(D) to cover alimony child support. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(11)(E)

Most people use Ga. Code Ann. § 44-13-100 (a)(11)(E) to cover lost future earnings. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(2)(A)

Most people use Ga. Code Ann. § 44-13-100 (a)(2)(A) to cover social security. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 18-4-20

Most people use Ga. Code Ann. § 18-4-20 to cover unpaid wages - 75% or 30 times hourly federal, whichever is greater. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 33-29-15; Ga. Code Ann. § 33-30-10

Most people use Ga. Code Ann. § 33-29-15; Ga. Code Ann. § 33-30-10 to cover disability or health benefits. For single debtors filing, it has a coverage limit of $250.

Ga. Code Ann. § 44-13-100 (a)(11)(A)

Most people use Ga. Code Ann. § 44-13-100 (a)(11)(A) to cover crime victims' compensation. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(11)(D)

Most people use Ga. Code Ann. § 44-13-100 (a)(11)(D) to cover personal injury settlement. For single debtors filing, it has a coverage limit of $10,000.

Ga. Code Ann. § 44-13-100 (a)(2)(A)

Most people use Ga. Code Ann. § 44-13-100 (a)(2)(A) to cover public assistance (local). For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(11)(B)

Most people use Ga. Code Ann. § 44-13-100 (a)(11)(B) to cover wrongful death award. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(2)(A)

Most people use Ga. Code Ann. § 44-13-100 (a)(2)(A) to cover veterans benefits, unemployment benefits. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 34-9-84

Most people use Ga. Code Ann. § 34-9-84 to cover workers compensation. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 34-7-4

Most people use Ga. Code Ann. § 34-7-4 to cover wages of deceased state employee. For single debtors filing, it has a coverage limit of $2,500.

Ga. Code Ann. § 33-15-62

Most people use Ga. Code Ann. § 33-15-62 to cover fraternal benefit. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 33-25-11

Most people use Ga. Code Ann. § 33-25-11 to cover life insurance proceeds. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 33-25-11, Ga. Code Ann. § 44-13-100 (a)(11)(C)

Most people use Ga. Code Ann. § 33-25-11, Ga. Code Ann. § 44-13-100 (a)(11)(C) to cover whole insurance plan. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 33-26-5

Most people use Ga. Code Ann. § 33-26-5 to cover industrial life insurance. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(8)

Most people use Ga. Code Ann. § 44-13-100 (a)(8) to cover unmatured life insurance. For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 33-30-10

Most people use Ga. Code Ann. § 33-30-10 to cover life insurance (group). For single debtors filing, it has no coverage limit.

Ga. Code Ann. § 44-13-100 (a)(7)

Most people use Ga. Code Ann. § 44-13-100 (a)(7) to cover tools of trade, professional books. For single debtors filing, it has a coverage limit of $1,500.

Ga. Code Ann. § 44-13-100 (a)(6)

Most people use Ga. Code Ann. § 44-13-100 (a)(6) to cover wildcard - $1200 of any property plus unused homestead to $10000. For single debtors filing, it has a coverage limit of $11,200.

Georgia Exemptions F.A.Q.

Bankruptcy exemptions protect the equity in certain property. Property that is exempt cannot be used to pay debts. Therefore, a debtor is permitted to keep all exempt property. If you have more questions about exemptions, check out this article.

For expanded descriptions, go to the exemption page for Georgia. Below are common questions people have about assets and exemptions:

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