Pennsylvania

From Bankruptcy Forum

Pennsylvania Bankruptcy Exemptions

Homestead

None, but tenancies by the entirety are exempt without limit as to debts of one spouse [In re McCormick, 18 B.R. 911 (W D. Pa. 1982)].

Personal Property

42-8123 - $300 of any property.

42-8124 - Clothing, bibles, school books, sewing machines, uniform, and accoutrements.

Wages

42-8127 - Earned but unpaid wages; Victims' of abuse wages.

61-1054 - Prison inmates' wages.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs up to $1,095,000 per person.

16-4716 -County employees.

24-8533 & 42-8124 - Public school employees.

42-8124 - Private retirement benefits if plan provides benefits are not assignable up to $15,000 per year deposited and if deposited at least 1 year before filing.

53-764 & 53-776 & 53-23666 - Police officers.

42-8124 & 53-881.115 - Municipal employees.

53-13445 & 53-23572 & 53-39383 - City employees.

42-8124 & 71-5953 - State employees.

Public Benefits

18-11.708 - Crime victims' compensation.

42-8124 - Workers' compensation and unemployment compensation.

51-20012 - Veterans' benefits.

51-20098 - Korean conflict veterans' benefits.

Insurance

42-8124 - Fraternal benefit society benefits; insurance or annuity payments up to $100 per month if insured is the beneficiary; annuity or life insurance proceeds if policy provides such proceeds are not assignable; group insurance policy or proceeds; annuity or life insurance proceeds if beneficiary is decedent's spouse, child, or other dependent relative; accident or disability insurance proceeds; no-fault automobile insurance proceeds.

Miscellaneous

15-8342 - Business partnership property.