Georgia Bankruptcy
Having a hard time making ends meet? Bills piling up? Chapter 7 bankruptcy may eliminate debt and stop creditor harassment. Talk to a Georgia bankruptcy attorney about your debt-relief options today.
We can easily connect you with a Georgia bankruptcy lawyer in your area. All you have to do is plug in your ZIP code below and fill out our free 2-minute bankruptcy evaluation form. Take charge of your debt and make the first move today.
Filing Chapter 7 Bankruptcy in Georgia
If you live in Athens, Atlanta or anywhere else across the state of Georgia and have been considering filing Chapter 7 bankruptcy, you probably want to find out about the state’s bankruptcy exemptions. With the help of a Georgia Chapter 7 bankruptcy lawyer, you’ll be able to easily find out what property you own may or may not be exempt from Chapter 7 liquidation.
Your Georgia bankruptcy lawyer can let you know that Chapter 7 bankruptcy is often simply referred to as liquidation because the bankruptcy trustee has the option of selling or liquidating any non-exempt property that you may own in order to pay back any unsecured debts that you may owe.
A Georgia bankruptcy lawyer in your town can also give you the good news that that most people who file Chapter 7 bankruptcy do not have any non-exempt assets and are allowed to keep all of their property.
Georgia Bankruptcy Exemptions
If you are considering filing Chapter 7 bankruptcy in Georgia to have unmanageable unsecured debts discharged and start fresh with your finances, you will want to know which items and how much of the property you own may be exempt from liquidation.
The following information provides a simple introduction to Georgia Chapter 7 exemptions. For more details and bankruptcy advice, speak with a Georgia Chapter 7 bankruptcy lawyer.
As your Georgia Chapter 7 bankruptcy lawyer can explain to you in more detail, important Chapter 7 bankruptcy exemptions in the state include:
Homestead: $10,000 for real or personal property. $20,000 if property owner is married.
Wages: 75 percent of weekly earnings.
Vehicles: Your interest in up to $3,500 in all motor vehicles.
Personal Property:
- $1,500 for any implements, professional books, tools of the trade.
- Up to $300 in value in any one item of household furnishings, good, clothes, appliances, books, animals, crops or musical instruments with a maximum exemption of $5,000.
- $500 in jewelry.
- Certain retirement and insurance benefits may be fully exempt.
Have a Georgia Chapter 7 Bankruptcy Lawyer in Your Corner
Georgia Chapter 7 bankruptcy exemptions can be complicated. Your Georgia Chapter 7 bankruptcy lawyer can explain how they may be applied in your case.
At Chapter7.com, getting in touch with a Georgia Chapter 7 bankruptcy lawyer is simple. Just call us at 877-226-6844 or fill out our free bankruptcy evaluation form and we’ll connect you with a local Georgia Chapter 7 bankruptcy lawyer right away.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.