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Under Georgia Bankruptcy laws
Under Georgia Bankruptcy Laws, you can keep:
- If you don't claim the homestead exemption a burial plot, up to $10,000 in value ($20,000 if you are married and you and
your spouse jointly file for Bankruptcy).
- Household furnishings and goods, clothes, appliances, books, animals, crops, and musical instruments, up to $300 in value
per item, that does not exceed $5,000 in total value.
- $500 worth of jewelry.
- 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 worth $1,500.
- Crime victims' compensation benefits.
- Payment for personal injuries 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.
- Payment under a life insurance contract on the life of a person you were dependent upon.
- 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.