Massachusetts Bankruptcy Exemptions
What Exemptions are allowed when filing bankruptcy in Massachusetts?
Below is a list of some of the available Massachusetts bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Massachusetts and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Massachusetts bankruptcy attorney in your area to have all the available exemptions explained to you. Only a Massachusetts bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Massachusetts.
Massachusetts Bankruptcy Exemptions
Homestead |
$500,000 |
Bank account |
$500.00 |
Household goods |
$3,000 |
Tools of Trade |
$500.00 |
Motor Vehicle |
$700.00 |
Massachusetts Bankruptcy Disclosures
In accordance with rules established by the Supreme Judicial Court of Massachusetts, This web site must be considered advertising. It is designed to provide general information for clients and friends of the firm and should not be construed as legal advice, or legal opinion on any specific facts or circumstances. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
Contact a Massachusetts Bankruptcy Attorney today
Complete the short form below and a local bankruptcy attorney will contact you and answer your questions about bankruptcy.
- Bankruptcy Overview
- Debt Relief Options
- Personal Bankruptcy
- Bankruptcy Articles
- Bankruptcy Law
- Bankruptcy Exemptions by State
- Bankruptcy Questions
- Bankruptcy Terms
- Motion of Relief in a Chapter 7
- Debt Exception to the Rule
- Paperwork When Filing Bankruptcy is Very Important
