Judgment Execution and Bankruptcy in Georgia

Your Georgia debt settlement attorney can and will advise you regarding the court judgment exemptions in the state of Georgia. Your attorney will tell you there are some things the creditor cannot “take” by way of execution of a judgment. There is an extensive list of these items in the Georgia state statutes. By enactment of laws exempting certain property from court judgment execution the State Legislature is trying to assure that a  judgment debtor cannot be made completely destitute.

Moreover, the United States Federal Bankruptcy Code provides exemptions as to what can be taken from the debtor. The idea for these exemptions is the same as that regarding the exemption of certain items from execution under a court judgment.

The following is list of property exempted under the Bankruptcy
provisions of the state of Georgia as of 2009:

PROPERTY

Real property or personal property including co-op used as residence up to $10,000 (up to $20,000 if married whether the spouse is filing or not) Unused portion up to $5,000 may be applied to any other property
Motor vehicles up to $3,500; clothing, household goods, appliances, furnishings, books, municipal instruments, animals, and crops up to
$300 per item and $5,000 total; jewelry up to $500; health aids; lost future earnings recoveries needed for support up to $7,500; personal injury recoveries up to $10,000; wrongful death recoveries needed for support; burial plot in lieu of homestead. Also, any property up to $600 plus any unused homestead amount up to $5,000

INSURANCE
Life insurance proceeds
Health, disability benefits up to $250 per month
Group insurance
Annuity contract proceeds
Fraternal benefit society payments
Un-matured life insurance contract; un-matured life insurance dividends, interest, loan value or cash value up to $2,000 if you or some you depend is beneficiary; life insurance proceeds if policy is owned by someone you depend on and is needed for support

PENSIONS
Tax exempt retirement accounts; traditional Roth IRAs up to $1,095,000 per person
ERISA-IRAs and qualified benefits
Non-profit corporations’ employees; public employees; other pensions and IRA payments
needed for support

PUBLIC BENEFITS
Aid to blind, aged, disabled, AFDC
Unemployment compensation
Crime victim compensation
Workers’ compensation
Veterans’ benefits, social security

WAGES
For private and federal workers, either 40 times the state or federally hourly minimum wage or a minimum 75% of earned but unpaid earnings, whichever amount is greater. The judge may authorize more for low-income debtors.

Bankruptcy Courts:

U.S. Bankruptcy Court
Macon Division
P.O. Box 1957
430 Cherry Street
Macon, GA 31201
(478) 752-3506

U.S. Bankruptcy Court
Columbus Division
P.O. Box 2147
901 Front Avenue, Ste. 310
(904) 301-6490

U.S Bankruptcy Court
Atlanta Division
Room 1340 Richard B. Russell Bldg.
75 Spring Street, S.W.
Atlanta, GA 30303
(404) 215-1000

U.S. Bankruptcy Court
Newnan Division
P.O. Box 2328
18 Greenville Street, 2nd floor
Newnan, GA 30264
(678) 423-4000

U.S. Bankruptcy Court
Rome Division
600 E. 1st Street, Rm. 339
Rome, GA 30161
(706) 378-4000

U.S. Bankruptcy Court
Gainesville Division
121 Spring Street SE, Rm. 120
Gainesville, GA 30501
(678) 450-2700

U.S. Bankruptcy Court
Savannah Division
125 Bull Street, 2nd floor
P.O. Box 8347
Savannah, GA 31412
(912) 650-4100

U.S. Bankruptcy Court
Augusta Division
Federal Justice Center
600 James Brown Blvd.
P.O. Box 1487
Augusta, GA 30903
(706) 823-6000

U.S. Bankruptcy Court
Brunswick Division
801 Gloucester Street, 3rd floor
Brunswick, GA 31520

(912) 280-1376
U.S. Bankruptcy Court
Statesboro Division
52 N. Main Street
Statesboro, GA 30458

U.S. Bankruptcy Court
Dublin Division
100 Franklin Street
Dublin, GA 31021

U.S. Bankruptcy Court
Waycross Division
601 Tebeau Street
Waycross, GA 31501

Get more information about debt relief and debt help in Georgia:

a. Debt Settlement And Debt Relief-Laws In Georgia

b. Statute Of Limitations

c. Judgment And Bankruptcy