Personal Bankruptcy Information

 

  Your online reference source for bankruptcy.

 

 

   
 

Alabama Exemptions

   

Federal supplemental exemptions can be used in conjunction with your Alabama exemptions and can be viewed here.

Also see Alabama bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

Real property or mobile home to $5,000; property cannot exceed 160 acres (husband and wife may double)

6-10-2

 

Must record homestead declaration before attempted sale of home

6-10-20

INSURANCE

Annuity proceeds or avails to $250 per month

27-14-32

 

Disability proceeds or avails to an average of $250 per month

27-14-31

 

Fraternal benefit society benefits

27-34-27

 

Life insurance proceeds or avails if beneficiary is insured’s spouse or child

6-10-8

 

Life insurance proceeds or avails if beneficiary is wife of insured

27-14-29

 

Life insurance proceeds or avails is clause prohibits proceeds from being used to pay beneficiary’s creditors

27-15-26

 

Mutual aid association benefits

27-30-25

MISC.

Property of business partnership

10-8-72 (b)(3)

PENSIONS

Judges (only payments being received)

12-18-10 (a), (b)

 

Law enforcement officers

36-21-77

 

State employees

36-27-28

 

Teachers

16-25-33

PERSONAL PROPERTY

Books

6-10-6

 

Burial Plots

6-10-5

 

Church pew

6-10-5

 

Clothing needed

6-10-6

 

Family portraits or pictures

6-10-6

PUBLIC BENEFITS

Aid to blind, aged, disabled, AFDC

38-4-8

 

Coal miner’s pneumoconiosis benefits

25-5-179

 

Crime victim’s compensation

15-23-15(e)

 

Southeast Asian War POW’s benefits

31-7-2

 

Unemployment compensation

24-4-140

 

Workers’ compensation

25-5-86(b)

TOOLS OF TRADE

Arms, uniforms, equipment that state military personnel are required to keep

31-2-78

WAGES

75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors

6-10-7

WILD CARD

$3,000 of any personal property, except life insurance (In re Morris, 30 B.R. 392 (N.D. Ala. 1983)

6-10-6

 

 


     

Bankruptcy Information | Personal Bankruptcy | Bankruptcy Laws | Filing Bankruptcy
Chapter 7 Bankruptcy | Chapter 13 Bankruptcy | Online Bankruptcy
United States Bankruptcy Court | Bankruptcy Alternatives | Federal Courts | Useful Resources | Credit Resources | Insurance Resources | Legal Resources | Employment Resources | United Kingdom Resources | Financial Resources | Other Online Resources

Northeast: Connecticut Bankruptcy - Massachusetts Bankruptcy - Maine Bankruptcy - New Hampshire Bankruptcy - New Jersey Bankruptcy - New York Bankruptcy -  Pennsylvania Bankruptcy - Rhode Island Bankruptcy - Vermont Bankruptcy

Midwest: Iowa Bankruptcy - Illinois Bankruptcy - Indiana Bankruptcy - Michigan Bankruptcy - Minnesota Bankruptcy - Missouri Bankruptcy - Ohio Bankruptcy  Wisconsin Bankruptcy

Southeast: Alabama Bankruptcy - Arkansas Bankruptcy - Florida Bankruptcy - Georgia Bankruptcy - Kentucky Bankruptcy - Louisiana Bankruptcy - Mississippi Bankruptcy  North Carolina Bankruptcy - South Carolina Bankruptcy - Tennessee Bankruptcy

Mid-Atlantic: Delaware Bankruptcy - Maryland Bankruptcy - Virginia Bankruptcy - West Virginia Bankruptcy

Southwest: Arizona Bankruptcy - Nevada Bankruptcy - New Mexico Bankruptcy - Oklahoma Bankruptcy - Texas Bankruptcy

Mountain: Colorado Bankruptcy - Idaho Bankruptcy - Montana Bankruptcy - Utah Bankruptcy
Wyoming Bankruptcy

Plains:  Kansas Bankruptcy - North Dakota Bankruptcy - Nebraska Bankruptcy - South Dakota Bankruptcy

West: Alaska Bankruptcy - California Bankruptcy - Hawaii Bankruptcy - Oregon Bankruptcy - Washington Bankruptcy

Bankruptcy Information is believed reliable, but accuracy and completeness are not guaranteed. Nothing in this web site is intended as, or should be used as, a substitute for professional, financial, or legal advice.© Bankruptcy Information 2002-2008. All Rights reserved. Portions of this site reference the U.S. government publication "Bankruptcy Basics." Privacy Policy. Terms of Use.