Federal Exemptions (updated on April 1, 2004) [Archive]

laz

10-13-2004, 11:31 AM

Title 11 U.S.C. Section 522
Married couples double the amount of the following federal exemptions:
Homestead • Real property, including co-op or mobile home, to $18,450; unused portion of homestead to $9,250 may be applied to any property;
Life insurance payments for person you depended on, needed for support;
Life insurance policy with loan value, in accrued dividends or interest to $9,850;
Unmatured life insurance contract, except credit insurance policy;
Alimony, child support needed for support;
Pensions and Retirement Benefits • ERISA - qualified benefits needed for support;
$475 per item in any household goods up to a total of $9,850;
Health Aids;
Jewelry to $1,225;
Lost earnings payments;
Motor vehicle to $2,950;
Personal injury compensation payments to $18,450;
Wrongful death payments;
Crime victims' compensation;
Public assistance;
Social Security;
Unemployment compensation;
Veterans' benefits;
Tools of trade - books and equipment to $1,850;
Wild Card • $925 of any property plus up to $9,250 of any amount of unused homestead exemption.



	Bankruptcy Forum > Before the Discharge > Exemptions > Federal Exemptions (updated on April 1, 2004) PDA Federal Exemptions (updated on April 1, 2004) laz 10-13-2004, 11:31 AM Title 11 U.S.C. Section 522 Married couples double the amount of the following federal exemptions: Homestead • Real property, including co-op or mobile home, to $18,450; unused portion of homestead to $9,250 may be applied to any property; Life insurance payments for person you depended on, needed for support; Life insurance policy with loan value, in accrued dividends or interest to $9,850; Unmatured life insurance contract, except credit insurance policy; Alimony, child support needed for support; Pensions and Retirement Benefits • ERISA - qualified benefits needed for support; $475 per item in any household goods up to a total of $9,850; Health Aids; Jewelry to $1,225; Lost earnings payments; Motor vehicle to $2,950; Personal injury compensation payments to $18,450; Wrongful death payments; Crime victims' compensation; Public assistance; Social Security; Unemployment compensation; Veterans' benefits; Tools of trade - books and equipment to $1,850; Wild Card • $925 of any property plus up to $9,250 of any amount of unused homestead exemption.