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    Massachusetts

    In general, a debtor may claim exemption of his homestead and certain personal property from attachment and execution of a judgment, or in a bankruptcy proceeding.


    The land and building which is owned, occupied or intended to be occupied by an individual as his principal residence is generally exempt from levy on execution and sale for payment of debts to the extent of $300,000.00. (c. 188, s. 1.) Any person who is 62 years of age or older, and has filed an elderly or disabled person's declaration of homestead, may be entitled to a homestead exemption on the real property or manufactured home which he uses, occupies, and intends to use and occupy as his principal residence to the extent of $300,000.00. (c. 188, s. 1A.)
    If the bankurptcy attorney claims a homestead exemption in debtor's principal residence, IT MUST BE DECLARED BY DEED AND FILED BEFORE THE BANKRUPTCY IS FILED.

    Personal property of a judgment debtor which may be exempt from levy on seizure on execution of a judgment may include:

    necessary wearing apparel,
    beds and bedding,
    one heating unit used for warming the dwelling house, and the amount each month, not exceeding $75.00, reasonably necessary to pay for fuel, heat, water, hot water and light for himself and his family;
    household furniture not exceeding $3,000.00 in value;
    bibles, school books and library not exceeding $200.00 in value;
    stock in trade, not exceeding $500.00 in value;
    tools of trade, $500,
    materials and stock designed and procured by him and necessary for carrying on his trade or business, and intended to be used or wrought therein, not exceeding $500.00 in value;
    provisions intended for family use or money therefor not exceeding $300.00 in value;
    fishing tackle and nets of fisherman actually used in his business not exceeding $500.00 in value;
    uniform of an officer or soldier in the militia and the arms and accouterments required by law to be kept by him;
    rights of burial and tombs in use as repositories for the dead;
    one sewing machine not exceeding $200.00 in value;
    share in co-operative associates not exceeding $100.00 in value in the aggregate;
    money for payment of rental not exceeding $200.00 per month for each rental period;
    bank account, $500,
    cash, savings or other deposits in a banking institution, or money owed to him each pay period as wages for personal labor or services, or any combination of such cash, deposits or money owing, not exceeding $125;
    public assistance;
    one automobile not exceeding $700 in value. (c. 235, s. 34.) See M.G.L. - Chapter 235, Section 34
    www.BankruptcyForum.com

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