Dalton, Georgia Bankruptcy Exemptions

Federal bankruptcy law allows for certain property to be excluded - or exempt from the bankruptcy estate. These exempted items are the possessions and property that you are allowed to keep in the event of filing bankruptcy.
In Dalton, Georgia, exemptions include:

Medically prescribed health aids
Public benefits such as: disability, local public assistance, unemployment, veterans benefits and Social Security
Crime victims’ compensation
Workers’ compensation
Pensions
Alimony and child support
Interest in real or personal property, or in a co-operative that owns property, that is used as a residence or a burial plot valued up to $10,000 ($20,000 for married couples filing jointly)
Up to $3,500 equity value in a motor vehicle
Personal property including: animals, crops, clothing, household furniture, appliances, good, clothes and musical instruments up to $300 each piece and $5,000 combined total value
Jewelry up to $500 total value
Up to $1,500 in tools of the trade or professional books used in your profession

There are other exemptions and some federal supplemental exemptions. Your Dalton bankruptcy lawyer can help you determine what qualifies for exemption under state and federal law.
If you have any questions about what you may be able to keep as an exemption, please consult a Dalton bankruptcy attorney by filling out our free evaluation form.

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Dalton, Georgia Bankruptcy Exemptions

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