If you live in one of these states, you may select from the 10 federal bankruptcy exemptions listed below!
Asset |
Exemptions |
Code Reference |
Up
Homestead |
Real property, including co-op or mobile home, to $16,150; unused portion of homestead to $7,500 may be applied to any property
|
(d)(1)
|
Asset |
Exemptions |
Code Reference |
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Insurance |
Disability, illness or unemployment benefits
Life insurance payments for persons who depend on debtor, needed for support
Life insurance policy with loan value, in accrued dividends or interest, to $8,625
Unmatured life insurance contract, except credit insurance policy |
(d) (10) (C)
(d) (11) (C)
(d) (8)
(d) (7) |
Asset |
Exemptions |
Code Reference |
Up
Miscellaneous |
Alimony, child support needed for support
|
(d) (10) (D)
|
Asset |
Exemptions |
Code Reference |
Up
Pensions |
ERISA-qualified benefits needed for support
|
(d) (10) (E)
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Asset |
Exemptions |
Code Reference |
Up
Personal property |
Animals, crops, clothing, appliances, books, furnishings, household goods, musical instruments to $425 per item, $8,625 total
Health aids
Jewelry to $1,075
Lost earnings payments
Motor vehicle to $2,575
Personal injury recoveries to $16,150 (not to include pain and suffering or pecuniary loss)
Wrongful death recoveries for person debtor depended on |
(d) (3)
(d) (9)
(d) (4)
(d) (11) (E)
(d) (2)
(d) (11) (D)
(d) (11) (B) |
Asset |
Exemptions |
Code Reference |
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Public benefits |
Crime victims’ compensation
Public assistance
Social Security
Unemployment compensation
Veterans’ benefits |
(d) (11) (A)
(d) (10) (A)
(d) (10) (A)
(d) (10) (A)
(d) (10) (A) |
Asset |
Exemptions |
Code Reference |
Up
Tools of trade |
Implements, books & tools of trade to $1,625
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(d) (6)
|
Asset |
Exemptions |
Code Reference |
Up
Wages |
None
|
N/A
|
Asset |
Exemptions |
Code Reference |
Up
Wild Card |
$850 of any property
Up to $7,500 of unused homestead exemption, for any property |
(d) (5)
(d) (5) |
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