<- Chapter 5: Client Corner Bankruptcy Main Page ->
Type of Property |
Amount of Exemption |
Section of Code |
| Debtor's interest in real or personal property that debtor uses as residence (mobile home) | $17,425 | 522(d)(1) |
| Motor vehicle | $2,775 | 522(d)(2) |
| Household goods: clothing, appliances, books, animals, crops, or musical instruments, etc. | $9,300 aggregate value limitations with $450 limitation on value of each item | 522(d)(3) |
| Jewelry | $1,150 | 522(d)(4) |
| Any property selected by debtor | $925 plus up to $8,725 of unused portion of 11 USC 522(d)(1) exemption | 522(d)(5) |
| Implements, professional books, or tools of the trade of debtor or a dependent of the debtor | $1,750 | 522(d)(6) |
| Unmatured life insurance contracts owned by debtor (credit life excluded) | 100% | 522(d)(7) |
| Accrued dividend, interest, or loan value of life insurance | $9,300 less any amounts transferred by insurer for payment of premiums | 522(d)(8) |
| Professionally prescribed health aids | 100% | 522(d)(9) |
| Disability, Retirement and other benefits replacing wages | 100% | 522(d)(10)(A) |
| Veterans benefits | 100% | 522(d)(10)(B) |
| Disability, illness or unemployment benefits | 100% | 522(d)(10)(C) |
| Alimony, support, or separate maintenance | 100% of amount reasonably necessary for support of debtor and dependents | 522(d)(10)(D) |
| Payments under stock bonus, pension, profitsharing, annuity, or similar plan or contract on account of illness, disability, death, age, or length of service | 100% of amount reasonably necessary for support of debtor and dependents | 522(d)(10)(E) |
| Crime victims reparation law benefits or awards | 100% | 522(d)(11)(A) |
| Payments on account of the wrongful death of individual of whom debtor was a dependent | 100% of amount reasonably necessary for support of debtor and dependents | 622(d)(11)(B) |
| Payment under life insurance contract insuring life of an individual of whom debtor was a dependent | 100% of amount reasonably necessary for support of debtor and dependents | 522(d)(11)(C) |
| Payments on account of personal bodily injury (does not include compensation for pain and suffering or actual pecuniary loss) | $17,425 | 522(d)(11)(D) |
| Payments in compensation for loss of future earnings | 100% of amount reasonably necessary for support of debtor and dependents | 522(d)(11)(E) |
Chart last updated: 6/1/2002
Timothy R. Trichler
<- Chapter 5: Client Corner Bankruptcy Main Page ->
Privacy Policy | Disclaimer and Conditions of Use | Accessibility Statement
