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WAGE GARNISHMENT EXEMPTION: Federal law applies MAXIMUM INTEREST RATE: Legal: 12% Judgment: 12% STATUTE OF LIMITATIONS ON ENFORCEMENT: Open Account (credit card): 10 years Written Contract: 10 years Domestic Judgment: 20 years Foreign Judgment: 20 years BAD CHECK LAW DAMAGES: Amount of check plus $25 in fees, plus treble (three times) damages up to $1,000 BANKRUPTCY PROPERTY EXEMPTIONS (General Laws of Rhode Island): Can use either the state exemptions below or the federal exemptions The State of Rhode Island has exempted the property and income below from seizure by the bankruptcy court to pay creditors: Real Property: None Personal Property: Clothing, amount needed [9-26-4(1)]; library of a professional in practice, unlimited amount and tools used for work up to $500 [9-26-4(2)]; beds and bedding, furniture and household goods, up to $1,000 total [19-26-4(3)]; books and bibles up to $300 [9-26-4(4)]; burial plot, unlimited amount [9-26-4(5)]; debt secured by promissory note, unlimited amount [9-26-4(7)];cooperative association holdings up to $50 [7-8-25] Insurance / Annuities: Accident or sickness proceeds or benefits, unlimited amount [27-18-24]; fraternal society benefits, unlimited amount [27-25-18]; life insurance proceeds if policy prohibits proceeds from being used to pay creditors, unlimited amount [27-4-12]; temporary disability insurance, unlimited amount [28-41-32] Pensions / Retirement Plans: Firefighters and police officers, unlimited amount [9-26-5]; IRAs, unlimited amount [9-26-4(11)]; private employees, unlimited amount [28-17-4]; retirement benefits, unlimited amount [9-26-4(12)]; state and municipal employees, unlimited amount [36-10-34] Public Benefits / Entitlements: Unemployment compensation, unlimited amount [28-44-58]; workers' compensation, unlimited amount [28-33-27]; aid to aged, blind, disabled and families with dependent children, unlimited amount [40-6-14]; general assistance, unlimited amount [40-6-14]; disability benefits, unlimited amount [28-41-32]; veterans' disability or survivors' death benefits, unlimited amount [30-7-9] Wages: Earned but unpaid wages due a seaman, unlimited amount [9-26-4(6)]; earned but unpaid wages if debtor received welfare during year before filing bankruptcy, unlimited amount [9-26-4(8)(B)(ii)]; earned but unpaid wages up to $50 [9-26-4(8)(C)(iii)]; wages to the needy if paid by a charitable organization, unlimited amount [26-4(8)]; earnings of a minor child or spouse, unlimited amount [9-26-4(9)]; earned but unpaid wages due member of military on active duty, unlimited amt [30-7-9] Miscellaneous: Business partnership property [7-12-36] |
Debt > State Statutes > Rhode Island |
Debt > State Statutes > Rhode Island |
Wage Garnishment and Bankruptcy Exemptions -- Rhode Island |
WAGE GARNISHMENT EXEMPTION: Federal law applies MAXIMUM INTEREST RATE: Legal: 12% Judgment: 12% STATUTE OF LIMITATIONS ON ENFORCEMENT: Open Account (credit card): 10 years Written Contract: 10 years Domestic Judgment: 20 years Foreign Judgment: 20 years BAD CHECK LAW DAMAGES: Amount of check plus $25 in fees, plus treble (three times) damages up to $1,000 BANKRUPTCY PROPERTY EXEMPTIONS (General Laws of Rhode Island): Can use either the state exemptions below or the federal exemptions The State of Rhode Island has exempted the property and income below from seizure by the bankruptcy court to pay creditors: Real Property: None Personal Property: Clothing, amount needed [9-26-4(1)]; library of a professional in practice, unlimited amount and tools used for work up to $500 [9-26-4(2)]; beds and bedding, furniture and household goods, up to $1,000 total [19-26-4(3)]; books and bibles up to $300 [9-26-4(4)]; burial plot, unlimited amount [9-26-4(5)]; debt secured by promissory note, unlimited amount [9-26-4(7)];cooperative association holdings up to $50 [7-8-25] Insurance / Annuities: Accident or sickness proceeds or benefits, unlimited amount [27-18-24]; fraternal society benefits, unlimited amount [27-25-18]; life insurance proceeds if policy prohibits proceeds from being used to pay creditors, unlimited amount [27-4-12]; temporary disability insurance, unlimited amount [28-41-32] Pensions / Retirement Plans: Firefighters and police officers, unlimited amount [9-26-5]; IRAs, unlimited amount [9-26-4(11)]; private employees, unlimited amount [28-17-4]; retirement benefits, unlimited amount [9-26-4(12)]; state and municipal employees, unlimited amount [36-10-34] Public Benefits / Entitlements: Unemployment compensation, unlimited amount [28-44-58]; workers' compensation, unlimited amount [28-33-27]; aid to aged, blind, disabled and families with dependent children, unlimited amount [40-6-14]; general assistance, unlimited amount [40-6-14]; disability benefits, unlimited amount [28-41-32]; veterans' disability or survivors' death benefits, unlimited amount [30-7-9] Wages: Earned but unpaid wages due a seaman, unlimited amount [9-26-4(6)]; earned but unpaid wages if debtor received welfare during year before filing bankruptcy, unlimited amount [9-26-4(8)(B)(ii)]; earned but unpaid wages up to $50 [9-26-4(8)(C)(iii)]; wages to the needy if paid by a charitable organization, unlimited amount [26-4(8)]; earnings of a minor child or spouse, unlimited amount [9-26-4(9)]; earned but unpaid wages due member of military on active duty, unlimited amt [30-7-9] Miscellaneous: Business partnership property [7-12-36] |
Debt Kit -- Settle unsecured debts for less than half of amount owed Credit Kit -- Improve credit rating and reduce monthly payments by $200+ |
