Rhode Island Bankruptcy Exemptions

Homestead

9-26-4.1 - $300,000 occupied or inteded to be occupied as primary residence.

Personal Property

7-8-25 - Consumer cooperative association holdings up to $50.

9-26-4 - All motor vehicles up to $10,000 total; clothing needed; furniture, beds and bedding, household goods and supplies up to $8,600 total; jewelry up to $1,000 total; books up to $300 total; burial plot; debt owed to you which is secured by a promissory note or bill of exchange; and prepaid tuition accounts.

Wages

9-26-4 - Earned but unpaid wages up to $50; wages of spouse; earned but unpaid wages of a seaman, or if you have received welfare during the year prior to filing for bankruptcy; wages paid to the poor by a charitable organization; earnings of a minor child.

30-7-9 - Earned but unpaid wages of a military member on active duty.

Pensions

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

9-26-4 - ERISA-qualified benefits; IRAs and Roth IRAs.

9-26-5 - Police officers and firefighters.

28-17-4 - Private employees.

36-10-34 - State and municipal employees.

Public Benefits

12-25.1-3 - Crime victim's compensation.

28-33-27 - Workers' compensation.

28-41-32 - State disability benefits.

28-44-58 - Unemployment compensation.

30-7-9 - Veterans' disability or survivor benefits.

40-5.1-15 - Family assistance benefits.

40-6-14 - General assistance; aid to blind, aged, and disabled.

Tools of Trade

9-26-4 - Working tools up to $1,200; library of a professional in practice.

Insurance

27-4-12 - Life insurance proceeds if policy prohibits use to pay creditors.

27-18-24 - Accident or illness proceeds, benefits, dividends, interest, loan, cash, or surrender value.

27-25-18 - Fraternal benefit society benefits.

28-41-32 - Temporary disability insurance.

Miscellaneous

7-12-36 - Business partnership property.

Other - Add any applicable Federal Nonbankruptcy Exemptions


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This website contains information related to law and is NOT LEGAL advice. It contents is for information only. If you need legal advice, please consult an attorney or act as your own.
All documents typed are prepared by Rica Gilmore.