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Georgia's New Bankruptcy Exemption Effective July 1, 2013

On July 1, 2013, Georgia's new motor vehicle bankruptcy exemption amount will become effective. Now, Georgians may exempt up to $5,000 on their automobiles in bankruptcy. This is a $1,500 increase over Georgia's previous exemption limit of $3,500. Such a change may make bankruptcy a more attractive option for those individuals that have built some equity in their cars.

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Daniels & Taylor, P.C.
390 W. Crogan Street, Suite 300
Lawrenceville, GA 30046
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