Non-Federal Bankruptcy Exemptions

Federal Exemptions

Homestead
Insurance
Miscellaneous
Pensions
Personal Property
Public Benefits
Tools of Trade
Wages

States that allow federal bankruptcy exemptions

Arkansas
Connecticut
District of Columbia
Hawaii Massachusetts
Michigan
Minnesota
New Jersey New Mexico
Pennsylvania
Rhode Island
South Carolina Vermont
Washington
Wisconsin
Texas

Asset

Exemptions

Code Reference

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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

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Miscellaneous

Alimony, child support needed for support

(d) (10) (D)

Asset

Exemptions

Code Reference

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Pensions

ERISA-qualified benefits needed for support

(d) (10) (E)

Asset

Exemptions

Code Reference

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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

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Tools of trade

Implements, books & tools of trade to $1,625

(d) (6)

Asset

Exemptions

Code Reference

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Wages

None

N/A

Asset

Exemptions

Code Reference

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Wild Card

$850 of any property

Up to $7,500 of unused homestead exemption, for any property

(d) (5)

(d) (5)