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FEDERAL BANKRUPTCY EXEMPTIONS ARE AVAILABLE
All Bankruptcy law references are to General Laws of Rhode Island unless noted. |
|
ASSET |
EXEMPTION |
LAW PROVISION |
|
HOMESTEAD
|
$500,000
|
9-26-4.1 |
|
INSURANCE |
Accident or sickness proceeds, avails or benefits
Fraternal benefit society benefits
Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors
Temporary disability insurance |
27-18-24
27-25-18
27-4-12
28-41-32 |
|
MISCELLANEOUS |
Earnings of a minor child
Property of a business partnership |
9-26-4(9)
7-12-36 |
|
PENSIONS |
ERISA-qualified benefits
Firefighters
IRAs
Police officers
Public employees
State & municipal employees |
9-26-4(11)
9-26-5
9-26-4(12)
9-26-5
28-17-4
36-10-34 |
|
PERSONAL PROPERTY |
Motor vehicle to $12,000
Jewelry up to $2000
Beds, bedding, furniture & family stores of a housekeeper, to $8,600 total
Bibles & books to $300
Body of deceased person
Burial plot
Clothing needed
Consumer cooperative association holdings to $50
Debt secured by promissory note or bill of exchange |
9-26-4
9-26-4
9-26-4(3)
9-26-4(4)
9-26-3
9-26-4(5)
9-26-4(1)
7-8-25
9-26-4(7) |
|
PUBLIC BENEFITS |
Aid to blind, aged, disabled, AFDC, general assistance
State disability benefits
Unemployment compensation
Veterans’ disability or survivors’ death benefits
Workers’ compensation |
40-6-14
28-41-32
28-44-58
30-7-9
28-33-27 |
|
TOOLS OF TRADE |
Library of professional in practice
Working tools to $2000 |
9-26-4(2)
9-26-4(2) |
|
WAGES |
Earned but unpaid wages to $50
Earned but unpaid wages due military member on active duty
Earned but unpaid wages due seaman
Earned but unpaid wages if received welfare during year before filing bankruptcy
Wages of spouse, children
Wages paid by charitable organization to the poor |
9-26-4(8) ( C)
30-7-9
9-26-4(6)
9-26-4(8) (B)
9-26-4(9)
9-26-4(8) (A) |
|
WILD CARD |
$6,500 of any type of property |
9-26-4(16) |
R.I. Bankruptcy Exemptions
Rhode Island Bankruptcy Forms Software