Bankruptcy Exemptions

TYPE OF PROPERTY

704 EXEMPTIONS

703 EXEMPTIONS

Principal Residence (including mobile homes,
houseboats & all outbuildings on same property)

$75,000 – Single
Debtor §704.730(a)(1)

$100,000 Head of
Household §704.730(a)(2)

$175,000 65 years or Disabled or 55 years with
low income §704.730(a)(3)

$20,725 in any real property §703.140(b)(1)

Material to repair or improve residence

$2,700 – §704.030

Not Available

Household Goods, Appliances, Clothes &
Personal Items

Reasonable & Necessary §704.020

$525 per item with no maximum §703.140(b)(3)

Motor Vehicles

$2,550 total in all vehicles – §704.010

$3,300 in 1 vehicle – 703.140(b)(2)

Tools of the Trade, including Professional
Books

$13,475 per employed spouse – §704.060 or
$9,700 in one commercial vehicle.

$2,075 §703.140(b)(6)

Jewelry, Heirlooms, Works of Art

$6,750 – §704.040

$1,350 jewelry only – §703.140(b)(4)

Any property selected by debtor-Wild Card-

Not Available

$1,100 plus unused portion of §703.140(b)(1).
Can be used for any property. §703.140(b)(5)

Life Insurance Benefits (Incl. endowments &
annuities)

Reasonable & Necessary §704.100(c)

All – §703.140(b)(11)(C)

Life Insurance Loan Values

$10,775 per spouse – §704.100(b)

$11,075 – §703.140(b)(8)

Prosthetic & other Health Aids

Reasonable & Necessary – 704.050

All – §703.140(b)(9)

Cemetery Plot

All for debtor & Spouse – 704.200(c)

Not Available

Wages earned

75% of last month’s wages – 704.070

Not Available

Vacation Credits

All Public Employees Only – §704.113

Not Available

Social Security Benefits

All – §704.080(e)

All – §703.140(b)(10)(A)

Bank Accounts for Social Security Benefits if
Direct Deposit is used

$2,700 if single debtor – $4,050 if joint
§704.080(b)(2) All if proven Social Sec.

Not Available

Public Benefits

All – §704.080(e)

All – §703.140(b)(10)(A)

Bank Accounts for Public Benefits if Direct
Deposit is used

$1,350 if single debtor – $2,025 if joint
§704.080(b)(2) All if proven Public Benefits.

Not Available

Public Retirement Benefits

All – §704.110(b)

All – §703.140(b)(10)(E)

Private Retirement Benefits

All – §704.115(b)

Reasonable & Necessary §703.140(b)(10)(E)

Health/Disability Ins. Benefits

All – §704.130

All – §703.140(b)(10)(C)

Personal Injury Payments after Judgment or
Settlement

Reasonable & Necessary – §704.140(d)

$20,725 not including pain & suffering
§703.140(b)(11)(D)

Personal Injury Cause of Action

All – §704.140(a)

Not Available

Worker’s Compensation Benefits

All – §704.160

Reasonable & Necessary -
§703.140(b)(11)(E)

Loss of Future Earnings

All – §704.140

Reasonable & Necessary -
§703.140(b)(11)(E)

Unemployment Benefits

All – §704.120

All – §703.140(b)(10)(C)

Relocation Benefits

All – §704.180

Not Available

Veteran’s Benefits

Not Available BUT exempt under Federal Law 38
USC §5301

All – §703.140(b)(10)(B)

Benefits from Wrongful Death Lawsuit

Reasonable & Necessary §704.150(b)

Reasonable & Necessary §703.140(b)(11)(B)

Wrongful Death Cause of Action

All – §704.150(a)

Not Available

Child Support/Alimony

Not Available

Reasonable& Necessary §703.140(b)(10)(D)

Welfare or Charitable Aid

All – §704.170

Not Available

Prisoner Trust Account

$1,350 – §704.090

Not Available