More than you might think. The only property at risk when you file bankruptcy is a property that has equity. A car worth $10,000 that has $10,000 still owed on it—or a house worth $150,000 with a $150,000 loan balance—will not help the bankruptcy court pay back credit card debt by selling it.
If your property has equity, we either must protect all of it with bankruptcy exemptions or agree to pay back some, if not all, of your debts to keep the court from selling it. You can find more information about Georgia bankruptcy exemptions with a simple Google search. This is the only area of bankruptcy law that is governed by state and not federal law.
If you have lived in Georgia for the last two years, Georgia exemptions apply to you. If you just moved here from another state, it gets more complicated. Schedule a consultation and we will figure it out together.