laz
10-13-2004, 11:54 AM
In general, a debtor may claim exemption of certain real and personal property from attachment or execution or forced sale for the payment of debts.
Homestead to the value of $150,000.
Personal property which may be exempt from attachment on any warrant of distress or on any other writ, original, mesne, or judicial may include:
wearing apparel of a debtor or of the debtor's family;
working tools of a debtor necessary in the debtor's usual occupation, not exceeding in value the sum of $1,200, and
the professional library of any professional person in actual practice;
household furniture and family stores of a housekeeper in the whole, including beds and bedding, not exceeding in value the sum of $8,600;
jewelry not exceeding in value the sum of $1,000;
motor vehicles not exceeding in value the sum of $10,000;
bibles, school books, and other books in use in the family, not exceeding in value the sum of $300;
the debtor's interest in one lot or right of burial, as the case may be, in any cemetery;
consumer coop membership, $50;
wages due or accruing to any sailor;
wages and salaries or any other debtor, $50;
debts secured by bills of exchange or negotiable promissory notes
salary and wages of the wife and the minor children of any debtor;
such other property, real, personal, or mixed, in possession or actions as is or shall be exempted from attachment and execution, either permanently or temporarily, by general or special acts, charters of incorporation, or by the policy of the law;
certain qualified retirement or annuity accounts; and
the right or interest of a person in an annuity, pension, profit sharing, or other retirement plan protected by the Employee Retirement Income Security Act of 1974, Public Law 93-406, 29 U.S.C. § 1001 et seq. (§ 9-26-4.)
Homestead to the value of $150,000.
Personal property which may be exempt from attachment on any warrant of distress or on any other writ, original, mesne, or judicial may include:
wearing apparel of a debtor or of the debtor's family;
working tools of a debtor necessary in the debtor's usual occupation, not exceeding in value the sum of $1,200, and
the professional library of any professional person in actual practice;
household furniture and family stores of a housekeeper in the whole, including beds and bedding, not exceeding in value the sum of $8,600;
jewelry not exceeding in value the sum of $1,000;
motor vehicles not exceeding in value the sum of $10,000;
bibles, school books, and other books in use in the family, not exceeding in value the sum of $300;
the debtor's interest in one lot or right of burial, as the case may be, in any cemetery;
consumer coop membership, $50;
wages due or accruing to any sailor;
wages and salaries or any other debtor, $50;
debts secured by bills of exchange or negotiable promissory notes
salary and wages of the wife and the minor children of any debtor;
such other property, real, personal, or mixed, in possession or actions as is or shall be exempted from attachment and execution, either permanently or temporarily, by general or special acts, charters of incorporation, or by the policy of the law;
certain qualified retirement or annuity accounts; and
the right or interest of a person in an annuity, pension, profit sharing, or other retirement plan protected by the Employee Retirement Income Security Act of 1974, Public Law 93-406, 29 U.S.C. § 1001 et seq. (§ 9-26-4.)