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Tuesday, July 7, 2026

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GA · HB1024INTRO · 4 COSPONSORS

Property; debtor's aggregate interest in real property or personal property used as a residence; revise exemption

Where it is in the process
Plain-English Summary

A BILL to be entitled an Act to amend Code Section 44-13-100 of the Official Code of Georgia Annotated, relating to exemptions for purposes of bankruptcy and intestate insolvent estates, so as to revise the exemption for a debtor's aggregate interest in real property or personal property that the debtor or a dependent of the debtor uses as a residence, in a cooperative that owns property that the debtor or a dependent of the debtor uses as a residence, or in a burial plot; to provide for such ex…

Source: OpenStates · fetched April 6, 2026

Who it affects
Homeowner

Increases the aggregate exemption amount for a debtor's interest in real property or personal property used as a residence, or in a cooperative that owns property used as a residence, or in a burial plot.

AI-extracted
Who This AffectsAI analysis
  • HomeownerdirectModerate impactHigh certainty

    Increases the aggregate exemption amount for a debtor's interest in real property or personal property used as a residence, or in a cooperative that owns property used as a residence, or in a burial plot.

    “relating to exemptions for purposes of bankruptcy and intestate insolvent estates, so as to revise the exemption for a debtor's aggregate interest in real property or personal property that the debtor or a dependent of the debtor uses as a residence, in a cooperative that owns property that the debtor or a dependent of the debtor uses as a residence, or in a burial plot”· Code Section 44-13-100
What the Bill Does
  • Revises the exemption for a debtor's aggregate interest in real property or personal property used as a residence.
  • Revises the exemption for a debtor's interest in a cooperative that owns property used as a residence.
  • Revises the exemption for a debtor's interest in a burial plot.
Votes
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