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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.

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