Debt > Bankruptcy > Federal Non-Bankruptcy Exemptions |
Filing Bankruptcy: Federal Non-Bankruptcy Exemptions You are allowed to take the federal non-bankruptcy exemptions if you choose (or are required) to take your state's exemptions. In other words, if you take the federal exemptions, you CANNOT use the following exemptions: Real Estate: None Personal Property (unlimited amount): Savings account deposits while on permanent military duty outside U.S.; seamen's clothing Pensions (unlimited amount): Civil service employees; foreign service employees; military honor roll pensions; military service employees; social security; veterans benefits; veterans medal of honor benefits Benefits (unlimited amount): Government employee death and disability benefits; harbor workers death and disability benefits; judges survivor benefits; judicial center directors survivor benefits; lighthouse workers survivor benefits; longshoremen death and disability benefits; military service survivor benefits; Supreme Court Chief Justice administrators survivor benefits; U.S. court directors survivor benefits; war hazard death or injury compensation Wages: 75% of earned but unpaid wages (judge has right to allow more for low-income debtors); wages of seamen while on a voyage (unlimited amount) Insurance (unlimited amount): Railroad workers unemployment insurance Miscellaneous: Klamath Indian tribe benefits (unlimited amount) Debt Kit -- Settle unsecured debt for less than half of amount owed Credit Kit -- Improve credit rating and reduce monthly bills by $200+ |
Debt > Bankruptcy > Federal Non-Bankruptcy Exemptions |
