| ASSET |
EXEMPTION DESCRIPTION |
LAW SECTION |
| HOME STEAD |
Real or personal property (including cooperative)
used as residence to $12,500, if debtor over age 60 or physically or
mentally disaabled, $60,000 (joint debtors may double) |
14-4422(1) |
| |
|
|
| INSURANCE |
Annuity proceeds to $450 per month |
24-A-2431 |
| |
Disability or health proceeds, benefits
or avails |
14-4422(13)A & C
24-A-2429 |
| |
Fraternal benefit society benefits |
24-A-4118 |
| |
Group health or life policy or proceeds |
24-A-2430 |
| |
Life, endowment, annuity or accident policy,
proceeds or avails |
14-44229(14)C, 24-A-2428 |
| |
Life insurance policy, interest, loan value
or accrued dividends for policy from person you depended on, to $4,000 |
14-4422(11) |
| |
Unmatured life insurance policy, except
credit insurance policy |
14-4422(10) |
| |
|
|
| MISC. |
Alimony and child support needed for support |
14-4422(13)D |
| |
Property of business partnership |
31-305 |
| |
|
|
| PENSIONS |
ERISA-qualified benefits |
14-4422(13)E |
| |
Judges |
4-1203 |
| |
Legislators |
3-703 |
| |
State employees |
5-17054 |
| |
|
|
| PERSONAL PROPERTY |
Animals, crops, musical instruments, books,
clothing, furnishings, household goods, appliances to $200 per lien |
14-4422(3) |
| |
Balance due on repossessed goods; total
amount financed can’t exceed $2,000 |
9-A-5-103 |
| |
Burial plot in lieu of homestead exemption |
14-4422(1) |
| |
Cooking stove; furnaces and stoves for
heat |
14-4422(6)A & B |
| |
Food to last 6 months |
14-4422(7)A |
| |
Fuel not to exceed 10 cords of wood, 5
tons of coal or 1,000 of petroleum |
14-4422(6)C |
| |
Health aids |
14-4422(12) |
| |
Jewelry to $750; no limit for 1 wedding
and 1 engagement ring |
14-4422(4) |
| |
Lost earnings payments needed for support |
14-4422(14)E |
| |
Military clothes, arms and equipment |
37-B-262 |
| |
Motor vehicle to $2,500 |
14-4422(2) |
| |
Personal injury recoveries to $12,500,
not to include pain and suffering |
14-4422(14)D |
| |
Seeds, fertilizers and feed to raise and
harvest food for 1 season |
14-4422(7)B |
| |
Tools and equipment to raise and harvest
food |
14-4422(7)C |
| |
Wrongful death recoveries needed for support |
14-4422(14)B |
| |
|
|
| PUBLIC BENEFITS |
AFDC |
22-3753 |
| |
Crime victims’ compensation |
14-4422(14)A |
| |
Social Security |
14-4422(13)A |
| |
Unemployment compensation |
14-4422(13)A & C |
| |
Veterans’ benefits |
14-4422(13)B |
| |
Workers’ compensation |
39-A-106 |
| |
|
|
| TOOLS OF TRADE |
Boat not exceeding 5 tons used in commercial
fishing |
14-4422(9) |
| |
Books, materials and stock to $5,000 |
14-4422(5) |
| |
1 of each type of farm implement needed
to harvest and raise crops |
14-4422(8) |
| |
|
|
| WAGES |
NONE |
|
| |
|
|
| WILD CARD |
Unused portion of homestead exemption to
$6,000 of animals, crops,
musical instruments, books, clothing, furnishings, household goods,
appliances, tools of the trade and personal recoveries |
14-4422(15) |
| |
$400 of any property |
14-4422(15) |
