Atlanta, GA asked in Bankruptcy for Georgia

Q: Chapter 7 Homestead Exemption Wildcard Carryover - GA

In Georgia, for Chapter 7 bankruptcy filings there is a $10,000 homestead exemption carryover for unused homestead exemption. I do not own property so I can not claim the homestead exemption, but it seems as though the carryover still applies and is automatic. Is that so?

(44-13-100(a)(1) & (a)(6), 44-13-1.)

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1 Lawyer Answer
Adam Dozier
Adam Dozier
  • Bankruptcy Lawyer
  • Licensed in Georgia

A: Yes, the carryover $10,000.00 can be used on any property regardless of whether you have real property to use the homestead exemption.

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