Pennsylvania Laws on Wage Garnishments, Statute of Limitations on Debt, and Bankruptcy Property Exemptions

WAGE GARNISHMENT EXEMPTION: 100% of wages exempt

MAXIMUM INTEREST RATE: Legal: 6%  Judgment: 6%


Open Account (credit card):  4 years
Written Contract: 4 years
Domestic Judgment: 5 years
Foreign Judgment: 4 years

BAD CHECK LAW DAMAGES:  Triple damages equal to $100 or three times check amount, whichever is greater, up to $500


Can claim either the state exemptions below or the federal exemptions

The State of Pennsylvania has exempted the property and income below from seizure by the bankruptcy court to pay creditors:

Real Property:  None.
Personal Property:  Bibles, schoolbooks, sewing machine, clothing, unlimited amount [42-8124(a)(1)-(3)]; equipment and uniforms required for military use, unlimited amount [42-8124(a)(4)]
Insurance / Annuities:  Fraternal society benefits, unlimited amount [40-1142-403 and 42-8124(c)(8)]; accident or disability benefits, unlimited amount [42-8124(c)(7)]; group life insurance policy or proceeds, unlimited value [42-8124(c)(5)]; insurance or annuity payments if insured is beneficiary, up to $100 per month [42-8124(c)(3)]; life insurance policy proceeds if policy prohibits proceeds being used to pay creditors, unlimited amount [42-8214(c)(4)]; insurance annuity policy proceeds or cash value if beneficiary is insured's spouse, child or dependent, unlimited amount [42-8124(c)(6)]; automobile insurance proceeds (no-fault), unlimited amount [42-8124(c)(9)]
Debt Statutes  > Pennslvania
Pensions / Retirement Plans:  City employees, unlimited amount [53-13445, 53-23572 and 53-39383]; state employees, unlimited amount [71-5953]; county employees, unlimited amount [16-4716]; municipal employees, unlimited amount [53-881.115]; police officers, unlimited amount [53-764, 53-776, 53-23666]; public school employees, unlimited amount [24-8533]; private retirement benefits deposited more than one year before filing bankruptcy [?]
Public Benefits / Entitlements:  Unemployment compensation, unlimited amount [42-8124(a)(10) and 43-863]; workers' compensation, unlimited amount [42-8124(c)(2)]; crime victim's compensation, unlimited amount [71-180-7.10]; veterans' benefits, unlimited amount [51.20012 and 51-20098]
Wages:  Earned but unpaid wages, unlimited amount [42-8127]
Miscellaneous:  Business partnership property, unlimited amount [15-8342]; any property up to $300 [42-8123]