District of Columbia Bankruptcy Exemptions

Homestead

15-501 - Any property that the debtor or debtor's dependants uses as their residence; can include co-op.

Personal Property

15-501 - Motor vehicle to $2,575; household furnishings, goods, clothing, appliances, books, pets, or musical instruments up to $425 per item and $8,625 total; health aids; family pictures; family library to $400; provisions for 3 months; wrongful death payment; payments for the loss of the debtor or a person depended on including pain and suffering payments.

29-298 - Coop association holdings up to $50.

31-2408.01 - Uninsured motorist benefits.

42-1904.09 - Residential condominium deposit.

43-111 - Cemetery and burial funds.

47-4510 - Higher education tuition savings account.

Wages

15-503 - Nonwage earning, including pensions, up to $200 per month for head of family; or $60 per month otherwise for up to two months.

16-572 - Minimum of 75% of earned but unpaid wages or pension payments. Judge may authorize more for low-income debtors.

Pensions

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

11-1570 - Judges.

15-501 - ERISA-qualified retirement plans, including IRAs. Stock bonus, pension, or profit-sharing plans.

38-2001.17 & 38-2021.17 - DC public school teachers.

Public Benefits

4-215.01 - Public assistance.

4-507 - Crime victims compensation.

15-501 - Social Security benefit; veteran's benefits.

32-1517 - Workers' compensation.

51-118 - Unemployment compensation.

Tools of Trade

1-1206 - Notary public seals and documents.

15-501 - Implements, professional books, or tools of the trade up to $1,625; library, office furniture, and implements of a professional person or artist, up to $300.

15-503 - Mechanic's tools up to $200.

Alimony and Child Support

15-501 - Alimony or child support.

Insurance

15-501 - Life insurance payments; Unmatured life insurance (but not credit life insurance).

15-503 - Other insurance proceeds up to $200 per month for a maximum of 2 months if they are for the head of family; up to $60 per month for all others.

31-4716 - Life insurance proceeds. Disability benefits.

31-4717 - Group life insurance policy or proceeds.

31-4719 - Life insurance proceeds that are exempt from being used to pay creditors as per a clause in their contract.

31-5315 - Fraternal benefit society benefits.

Misc.

15-501 - Any property up to $850, plus up to $8,075 of any unused amount of the homestead exemption.

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.