|
If you live in a state that allows it, you may
choose the following federal exemptions as opposed to your state
exemptions.
Married
couples may double all exemptions.
| ASSET |
EXEMPTION DESCRIPTION |
LAW SECTION
(11 USC § 522) |
| Homestead |
Real property, including co-op or
mobile home, to $17,450; unused portion of homestead to $8,725
may be applied to any property |
(d)(1) |
| Insurance |
Disability, illness or unemployment
benefits
|
(d)(10)(C)
|
| |
Life insurance payments for persons
who depend on debtor, needed for support |
(d)11)(C) |
| |
Life insurance policy with loan value,
in accrued dividends or interest, to $9,300 |
(d)(8) |
| |
Unmatured life insurance contract, except
credit insurance policy |
(d)(7) |
| Miscellaneous |
Alimony, child support needed for
support |
(d)(10(D) |
| Pensions |
ERISA-qualified benefits needed for
support |
(d)(10)(E) |
| Personal property |
Animals, crops, clothing, appliances,
books, furnishings, household goods, musical instruments to $425
per item, $9,300 total
|
(d)(3)
|
| |
Health aids |
(d)(9) |
| |
Jewelry to $1,150 |
(d)(4) |
| |
Lost earnings payments |
(d)(11)(E) |
| |
Motor vehicle to $2,775 |
(d)(2) |
| |
Personal injury recoveries to $17,425
(not to include pain and suffering or pecuniary loss) |
(d)(11)(D) |
| |
Wrongful death recoveries for person
debtor depended on |
(d)(11)(B) |
| Public benefits |
Crime victims' compensation
|
(d)(11)(A)
|
| |
Public assistance |
(d)(10)(A) |
| |
Social Security |
(d)(10)(A) |
| |
Unemployment compensation |
(d)(10)(A) |
| |
Veterans' benefits |
(d)(10)(A) |
| Tools of trade |
Implements, books & tools of
trade to $1,750 |
(d)(6) |
| Wages |
NONE |
|
| WILD CARD |
$925 of any property
Up to $8,725 of unused homestead exemption, for any property |
(d)(5)
(d)(5) |
|
