Pitts & Burns Attorneys at Law
Members of RI, MA, FL & Federal Bars


Bankruptcy FAQ's

Question: What am I allowed to keep if I file for Bankruptcy relief?

Answer: It depends on whether we utilize Federal of State statutes. The limits are as follows:

 

Statute

Limit

Claimed

Available

Alimony and child support
11 U.S.C. 522(d)(10)(0)

 

0.00

 

Crime victim’s compensation
11 U.S.C. 522(d)(11)(A)

 

0.00

 

Disability, illness or unemployment benefits
11 U.S.C. 522(d)(10)(C)

 

0.00

 

Govt. benefits: Soc. Sec., Unemployment, Pub. Assistance
11 U.S.C. 522(d)(10)(A)

 

0.00

 

Health aids
11 U.S.C. 522(d)(9)

 

0.00

 

Household goods and furnishings
11 U.S.C. 522(d)(3)

10,775.00

0.00

10,775.00

Jewelry
11 U.S.C. 522(d)(4)

1,350.00

0.00

1,350.00

Life insurance payments needed for support
11 U.S.C. 522(d)(11)(C)

 

0.00

 

Life insurance policy - unmatured
11 U.S.C. 522(d)(7)

 

0.00

 

Life insurance policy with loan value
11 U.S.C. 522(d)(8)

10,775.00

0.00

10,755.00

Loss earnings compensation payments
11 U.S.C. 522(d)(11)(E)

 

0.00

 

Motor vehicle
11 U.S.C. 522(d)(2)

3,225.00

0.00

3,225.00

Pensions
11 U.S.C. 522(d)(10)(E)

 

0.00

 

Personal injury compensation payments

11 U.S.C. 522(d)(11)(D)

20,200.00

0.00

20,200.00

Real property-$8725 may be applied to personal prop. If not used
11 U.S.C. 522(d)(1)

20,200.00

0.00

20,200.00

Tenancy by the entirety-may not be allowed in some states
11 U.S.C. 522(2)(B)

 

0.00

 

Tools of trade-books and equipment
11 U.S.C. 522(d)(6)

2,025.00

0.00

2,025.00

Veterans’ benefits
11 U.S.C. 522(d)(10)(B)

 

0.00

 

Wildcard exemption-any property up to $925 plus up to $8725 of:
11 U.S.C. 522(d)(5)

11,200.00

0.00

11,200.00

Wrongful death payments
11 U.S.C. 522(d)(11)(E)

 

0.00

 

75% of earned but unpaid wages
15 U.S.C.A. 1673

 

0.00

 

Compensation for war injury
42 U.S.C.A. 1701, et. seq.

 

0.00

 

ERISA benefits
29 U.S.C.A. 1056(d)

 

0.00

 

Federal civil service disability and death benefits
5 U.S.C.A. 8130

 

0.00

 

Foreign service employees’ annuities and severance pay benefit
5 U.S.C.A. 8130

 

0.00

 

Medal of Honor Exemption-special pensions for persons on AM
38 U.S.C.A. 1562( c )

 

0.00

 

Military deposits in savings accts while on duty outside U.S.
10 U.S.C.A. 1035(d)

 

0.00

 

Military Survivor Benefit Plan annuities
10 U.S.C.A. 81440, 1450(i)

 

0.00

 

Money accruing from lease/sale of lands held in trust for Indian
25 U.S.C.A. 410

 

0.00

 

Pension – CIA employees
5 U.S.C.A. 403

 

0.00

 

Pension – Civil service employees
5 U.S.C.A. 8346(a)

 

0.00

 

Pension – Social securities
42 U.S.C.A. 407

 

0.00

 

Pension, death and disability-harbor, lighthouse, longshore ben
33 U.S.C.A. 775, 916

 

0.00

 

Railroad unemployment insurance
45 U.S.C.A. 352(e)

 

0.00

 

Seamens’ clothes
46 U.S.C.A. 11110

 

0.00

 

Seamens’ wages-exempt except for support
46 U.S.C.A. 11109(a)

 

0.00

 

Survivor’s benefits-Judges, U.S. Court Directors, etc.
28 U.S.C.A. 376(n)

 

0.00

 

Veteran’s Benefits
38 U.S.C.A. 5301(a)

 

0.00

 

Veteran’s Benefits, group life insurance, war compensation
38 U.S.C.A. 3101(a) and 1970(g), 42 U.S.C. 1717

 

0.00

 

Account balance, right or interest in a “prepaid tuition program” or R.I. Gen Law 9-26-4(15)

 

0.00

 

Body of deceased Personal Representative
R.I. Gen. Laws 9-26-3

 

0.00

 

Body of a female-no exception where the debt does not exceed
R.I. Gen. Laws 9-25-17

 

0.00

 

Burial plot
R.I. Gen. Laws 9-26-4(5)

 

0.00

 

Consumer co-op membership-$50 or minimum amount 
R.I. Gen. Laws 7-8-25

50.00

0.00

50.00

Debts secured by bills of exchange or negotiable notes
R.I. Gen. Laws 9-6-4(7)

 

0.00

 

Disability benefits
R.I. Gen. Laws 28-41-32

 

0.00

 

Fraternal Benefit Society benefits
R.I. Gen. Laws 27-25-18

 

0.00

 

Homestead estate exemption for principal residence
R.I. Gen. Laws 9-26-4.1

300,000.00

0.00

300,000.00

Household furniture, clothing, and family storesof a housekeeper
R.I. Gen. Laws 9-26-4(3)

9,600

0.00

9,600.00

Interest in employees’ trust
R.I. Gen. Laws 9-26-4

 

0.00

 

Jewelry
R.I. Gen. Laws 9-26-4(14)

2,000.00

0.00

2,000.00

Motor vehicles
R.I. Gen. Laws 9-26-4(13)

12,000.00

0.00

12,000.00

Wild Card
R.I. Gen. Laws 9-26-4(16)

 

 

0.00

 5,000.00

 

Pay of militiaman
R.I. Gen. Laws 30-7-9

 

0.00

 

Personal books
R.I. Gen. Laws 9-26-4(4)

300.00

0.00

300.00

Proceeds of accident and sickness insurance company R.I. Gen. Laws 27-4-11, 27-4-12

 

0.00

 

Public assistance
R.I. Gen. Laws 40-6-14

 

0.00

 

Qualified Individual Retirement Account except court-ordered
R.I. Gen. Laws 9-26-4(11)

 

0.00

 

Qualified pension, profit-sharing or retirement account-except
R.I. Gen. Laws 9-26-4(12)

 

0.00

 

Real property of redevelopment agencies
R.I. Gen. Laws 36-10-34

 

0.00

 

Retirement benefits – police and firemen
R.I. Gen. Laws 9-26-5

 

0.00

 

Seaman’s wages
R.I. Gen. Laws 9-26-4(6)

 

0.00

 

Specific partnership property
R.I. Gen. Laws 7-12-36(2)( c)

 

0.00

 

Tenancies by the Entirety-certain circumstances
11 USC 522(b)(2)(B)

 

0.00

 

Tools of trade; professional library
R.I. Gen. Laws 9-26-4(2)

1,500.00

0.00

1,500.00

Unemployment compensation
R.I. Gen. Laws 28-44-58

 

0.00

 

Uniform Insurers Liquidation Act
R.I. Gen. Laws 27-14, 4-16

 

0.00

 

Wage of debtor previously on relief during past year
R.I. Gen. Laws 9-26-(8)(B)

 

0.00

 

Wages and salary of wife and minor children of debtor
R.I. Gen. Laws 9-26-4(9)

 

0.00

 

Wages and salary or any other debtor
R.I. Gen. Laws 9-26-4(8)(C)

50.00

0.00

50.00

Wages payable from welfare director or public charity
R.I. Gen. Laws 9-26-4(8)(A)

 

0.00

 

Wearing apparel
R.I. Gen. Laws 9-26-4(1)

 

0.00

 

Worker’s compensation
R.I. Gen. Laws 28-33-27

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

11 U.S.C. 522(d)(10)(0)

 

0.00

 

Pitts & Burns
Attorneys At Law
635 Killingly Street
Johnston, Rhode Island 02919-4028

Telephone: (401) 453-2800
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E-Mail

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