Under Georgia bankruptcy laws, you can keep:
- Your interest in real or personal property that you or your
dependents use as a residence, or in a cooperative that owns property
that you or your dependents use as a residence, or a burial plot, up to
$10,000 in value ($20,000 if you are married and you and your spouse
jointly file for bankruptcy), but only if you don't claim the homestead
exemption
- Household furnishings and goods, clothes, appliances, books,
animals, crops, and musical instruments, up to $300 in value per item,
but not to exceed $5,000 in total value
- Jewelry, up to $500 in total value
- Any professionally prescribed health aids
- Social security, unemployment compensation or local public assistance benefits
- Veterans' benefits
- Disability, illness or unemployment benefits
- Alimony, support or separate maintenance as needed for support
- Pensions and individual retirement accounts
- Professional books and tools of your trade, up to $1,500 in value
- Crime victims' compensation
- Payment for personal injuries (not including pain and suffering or compensation for actual pecuniary loss), up to $10,000
- Payment for compensation for loss of future earnings as needed for support
- Payment for the wrongful death of a person you were dependent upon as needed for support
- Payment under a life insurance contract on the life of a person you were dependent upon as needed for support
- Any unmatured life insurance contract except a credit life insurance contract
- Your aggregate interest in the loan value on any unmatured insurance contract, up to $2,000
- Your aggregate interest, up to $600 in value in any property,
plus any unused portion of the homestead exemption to a maximum of
$5,000
