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Bankruptcy Exemptions

Federal and State Bankruptcy Exemptions

Below is a list of some of the available bankruptcy exemptions. Some states offer a choice of using the state exemptions or the federal exemptions. This list only identifies a small fraction of the exemptions available. There are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Also this list may be out dated. Talk to a qualified bankruptcy attorney in your area to have all the available bankruptcy exemptions explained to you. Only a local bankruptcy attorney can properly list and explain all of your state's applicable exemptions.

Federal
(State Only)
Homestead
$18,450.00
Certain Life Insurance
$9,850.00
Jewelry
$1,225.00
Motor Vehicle
$2,950.00
Tools of Trade
$1,850.00
Wild Card
$925.00


(State Only)
Homestead
$5000.00
Personal Property
$300.00
Family pictures and keepsakes
no limit


(State Only)
Homestead
$67,500
Household goods and wearing apparel
$3,750
Jewelry
$1,250
Professional books and tools of trade
$3,750
Pets
$1,250
Motor vehicle
$3,750


(State Only)
Homestead
$150,000
Engagement and wedding rings
$1,000
Household goods
$4,000
Motor Vehicle
$5,000
Tools of Trade
$2,500


(State or Federal)
Homestead
$2,500
Personal property
$200.00
Life and disability insurance
$1,000
IRA contributions
$20,000
Motor vehicle
$1,200
Tools of Trade
$750.00


(State Only)


(State Only)
Homestead
$45,000
Farm machinery, tools livestock
$25,000
Household goods
$3,000
Jewelry and watches
$1,000
Cash surrender value of an insurance policy
$25,500
Motor Vehicle
$3,000
Personal books, family pictures
$1,500
Professional library
$3,000
Tools of Trade
$10,000
Wearing apparel
$1,500


(State or Federal)
Homestead
$75,000
Any interest of the debtor in any property
$1,000
Motor Vehicle
$1,500


(State Only)
Homestead
$50,000
Wildcard- Estate property
$25,000
Vehicle necessary for employment
$15,000
Tools of Trade
$15,000


(State Only)
Homestead
no limit
Motor vehicle
$1,000


(State Only)
Homestead
$10,000
Jewelry
$500.00
Household furnishings and goods
$5,000
Motor Vehicle
$3,500
Tools of Trade
$1,500


(State or Federal)
Homestead
$20,000
Jewelry
$1,000
Motor vehicle
$2,575


(State Only)
Homestead
$50,000
Properties that are subject to limited value
$5,000
Jewelry
$1,000
One firearm
$500
Wild Card
$3,000
Tools of trade
$1,500


State Only)
Homestead
$7,500
Proceeds of sale of homestead
$7,500
Wearing apparel, bible, school books, & family pictures
$2,000
Personal injury awards
$7,500
Motor Vehicle
$1,200
Tools of Trade
$750.00


(State Only)
Homestead
$15,000
Intangible personal property
$300.00


(State Only)
Homestead
no limit
Wearing apparel and receptacles
$7.000
Jewelry
$2,000
Motor Vehicle
$7,000
Farm implements, livestock and feed
$10,000
Tools of Trade
$10,000
Cash on hand, bank deposits or other Personal
$1,000


(State Only)
Homestead
no limit
Jewelry
$1,000
Motor Vehicle
$20,000
Tools of Trade
$7,500


(State Only)
Homestead
$5,000
Farmer, tools equipment and Livestock
$3,000
Household furniture, clothing and Furnishings and ornaments
$2,500
Any property
$1,000


(State Only)
Homestead
$25,000
Work
$7,500
Clothing and certain prescribed household
$5,000


(State Only)
Homestead
$35,000
Jewelry
$750.00
Motor Vehicle
$5,000
Tools of Trade
$5,000


(State Only)
Real or personal property
$5,000
Tools of trade
$5,000
Household goods and furnishings
$1,000
Wildcard
$6,000


(State or Federal)
Homestead
$500,000
Bank account
$500.00
Household goods
$3,000
Tools of Trade
$500.00
Motor Vehicle
$700.00


(State or Federal)
Homestead
$3,500
Household pets
$500.00
Household goods
$3,000
Motor Vehicle
$2,775
One computer and accessories
$500.00
Crops, farm animals and feed
$2,000
Tools of trade
$2,000


(State or Federal)
Homestead ($500,000 if agricultural)
$200,000
Household furniture
$8,550
Life insurance, un-matured
$7,600
Farm machines and implements
$13,000
Tools of Trade
$9,500
Motor vehicle (if modified for the Disabled, 38,000)
$3,800
Employee benefits
$57,000
Retirement plans
$57,000


(State Only)
Homestead
$75,000
Tangible personal property
$10,000


(State Only)
Homestead
$15,000
Household furnishings
$3,000
Jewelry
$500.00
Wedding ring
$1,500
Any mobile home used as the principal residence
$5,000
Motor vehicle
$5,000
Tools of trade
$3,000


(State Only)
Homestead ($200,000 joint)
$100,000
Personal property
$14,500
Motor vehicle
$2,500
Tools of trade
$3,000


(State Only)
Homestead
$12,500
Wearing apparels, household furniture and furnishings
$1,500
Books or tools of trade
$2,400
Wild card
$2,500


(State Only)
Homestead
$350,000
Private libraries
$5,000
All family pictures keepsakes
$12,000
Farm trucks, farm stock, farm tools farm equipment, supplies and seed
$4,500
Money, not to exceed $500,000 in present value held in qualified retirement plans.
$500,000
Motor Vehicle
$15,000
Tools of trade
$10,000


(State Only)
Homestead
$100,000
Household furniture
$3,500
Bibles, school books and library
$800.00
The debtors interest in any property
$750.00
Motor vehicle
$4,000
Jewelry owned by the debtor or his family
$500.00
Tools of trade
$5,000


(State Only)
The New Jersey Consolidated Statutes
nil
Goods and chattels share of stock or interest in any corporation and personal property of every kind
$1,000
Household goods and furniture
$1,000


(State Only)
Homestead
$30,000
Personal items
$500.00
Jewelry
$2,500
Motor Vehicle
$4,000
Tools of Trade
$1,500


(State Only)
Homestead
$50,000
The family bible, family pictures and school books
$5,000
Household pets
$450.00
Wearing apparel, household furniture
$5,000
Wedding ring, watch not exceeding thirty-five dollars in value
$5,000
Motor vehicle
$2,400
Tools of trade
$5,000


(State Only)
Homestead
$18,500
Motor vehicle
$3,500
Tools of trade
$2,000
Household furnishings
$5,000


(State Only)
Homestead
$80,000
Wearing apparel
no limit
Provisions for the debtor and his family necessary for one year's supply, crops and grain not to exceed 160 acres of land
no limit
Any goods chattels, merchandise, money and other personal property
$2,500
Motor vehicle
$1,200


(State Only)
Homestead
$5,000
Four hundred dollars ($400.00) in cash
$400.00
Jewelry
$1,500
Wild card, personal property
$400.00
Motor Vehicle
$1,000
Tools of Trade
$700.00


Oklahoma
(State Only)
Real property or manufactured home
$10,000
Wedding and anniversary rings
$3,000
Implements of husbandry necessary to farm the homestead
$10,000
Wearing apparel
$4,000
Motor Vehicle
$7,500
Tools of Trade
$5,000


(State Only)
Homestead
$25,000
Mobile home
$20,000
Books, pictures and musical instruments
$600.00
Wearing apparel, jewelry and other personal items
$1,800
Domestic animals and poultry kept for family use
$1000
Household goods, furniture, radios, a television set and utensils
$3,000
Motor vehicle
$1,700
Rifle or shotgun and one pistol
$1,000
Tools of trade
$3,000


(State or Federal)
The Pennsylvania Consolidated Statues contain no provision for A homestead exemption
nil


(State or Federal)
Homestead
$200,000
Working tools of a debtor
$1,200
Household furniture and family stores
$8,600
Jewelry
$1,000
Motor vehicle
$10,000


(State Only)
Homestead
$5,000
Cash and liquid assets in lieu of homestead
$1,000
Household furnishings and goods
$2,500
Jewelry
$500.00
Health aids
no limit
Motor vehicle
$1,200
Tools of Trade
$750.00


(State Only)
Homestead
$30,000
Goods, chattels, merchandise, money or other personal property
$4,000
Additional personal property
$4,000
Miscellaneous books and musical instruments
$200.00
Farm equipment
$1,250


(State Only)
Homestead
$5,000
Money and funds on deposit
$4,000
Tools of trade
$1,900


(State Only)
Homestead
no limit
Personal property of debtor
$30,000


(State or Federal)
Homestead
$20,000
Health aids
no limit
Motor vehicle
$2,500


(State or Federal)
Homestead
$75,000
Wedding ring, jewelry of debtor
$500
Household furnishings, goods appliances
$5,000
Growing crops
$5,000
Professionally prescribed health aids for the debtor or his dependent
no limit
Motor vehicle
$2,500
Tools of trade
$5,000


(State Only)
Homestead
$5,000
Homestead allowance for surviving spouse
$15,000
Wearing apparel
$1,000
Wedding and engagement rings
$5,000
Household furniture
$5,000
Exempt property of decent
$15,000
Farmer's equipment
$4,000
Motor vehicle
$2,000
Tools of trade
$10,000


(State or Federal)
The District of Columbia has no homestead law
nil
Beds, bedding household furniture and furnishings
$425.00
Mechanics tools
$200.00
Family pictures and library
$400.00
Library, office furniture, and implements of a professional man or artist
$300.00
Auto or motor-controlled vehicle
$500.00
Motor vehicle
$2,575
All family pictures; and all family library materials
$300.00
Aggregate interest in any property
$850.00
Tools of trade
$1,625
Household furnishings, appliances, wearing apparel
$8,625


(State or Federal)
Homestead
$40,000
Wearing apparel
$1,000
Furs, family, jewelry, and personal ornaments
$1,500
Family pictures and keepsakes
$1,500
Household goods, appliances, furniture, and home yard equipment
$2,700
Other personal property
$2,000
Motor vehicle
$2,500
Cash or bank accounts
$100.00
Two motor vehicles, farmer's equipment and tools
$5,000
Professional library, office furniture office equipment and supplies
$5,000
Tools of trade
$5,000


(State or Federal)
The homestead of debtor, his spouse, parent or other head of a household
$25,000
Personal property
$1,000
Household furnishings, goods wearing apparel, appliances, books, animals, crops or musical instruments
$800.00
Jewelry held primarily for personal, family or household use
$1,000
Any property not to exceed $800 in value
$800.00
Professionally prescribed health aids for the debtor
no limit
Motor vehicle
$2,400
Tools of trade
$1,500


(State or Federal)
Homestead
$40,000
Consumer goods
$5,000
Household furnishings
$5,000
Motor vehicle not to exceed $1,200
$1,200
Deposit accounts
$1,000
Tools of trade
$7,500


(State or Federal)
Homestead
$10,000
Wearing apparel
$1,000
Family bible, pictures and school books
$2,000
Library, instruments and implements of any professional person
$2,000
Motor vehicle
$2,400
Tools of trade
$2,000