laz
10-13-2004, 11:47 AM
Homestead $75,000; property cannot exceed 160 acres; sale proceeds exempt
Homeowners' insurance to $75,000 if exempt homestead;
Life insurance to $50,000;
Life insurance proceeds payable to another to $50,000;
Life insurance proceeds payable to insured's estate to $50,000;
Personal injury judgment proceeds, $10,000;
Pensions and Retirement Benefits ERISA benefits deposited over 1 year before creditor attachment or filing for bankruptcy;
IRAs and Keoghs;
Private retirement benefits,
Firefighters
Police officers
State employees
Teachers
Personal Property Personal injury judgments if inherited by parent, spouse, or child;
$10,000 in any tangible personal property including household goods (excluding art, antiques, electronic equipment other than 1 television, 1 radio, and jewelry other than wedding rings), clothing, motor vehicles, trade implements, health aids and/or cash is exempt.
Public Benefits Exempt.
Social Security
Unemployment compensation
Workers' compensation
Aid to aged, blind and disabled
Wages All wages exempt for 30 days; thereafter exempt except for lesser of 25% of weekly disposable earnings or excess of disposable earnings over 30 times federal minimum wage.
Exemptions do not apply to tax debts; for support claims, only 50% exempt for debtor supporting other spouse or dependent, and 40% if not.
Homeowners' insurance to $75,000 if exempt homestead;
Life insurance to $50,000;
Life insurance proceeds payable to another to $50,000;
Life insurance proceeds payable to insured's estate to $50,000;
Personal injury judgment proceeds, $10,000;
Pensions and Retirement Benefits ERISA benefits deposited over 1 year before creditor attachment or filing for bankruptcy;
IRAs and Keoghs;
Private retirement benefits,
Firefighters
Police officers
State employees
Teachers
Personal Property Personal injury judgments if inherited by parent, spouse, or child;
$10,000 in any tangible personal property including household goods (excluding art, antiques, electronic equipment other than 1 television, 1 radio, and jewelry other than wedding rings), clothing, motor vehicles, trade implements, health aids and/or cash is exempt.
Public Benefits Exempt.
Social Security
Unemployment compensation
Workers' compensation
Aid to aged, blind and disabled
Wages All wages exempt for 30 days; thereafter exempt except for lesser of 25% of weekly disposable earnings or excess of disposable earnings over 30 times federal minimum wage.
Exemptions do not apply to tax debts; for support claims, only 50% exempt for debtor supporting other spouse or dependent, and 40% if not.