Homestead |
$20,200* |
Life insurance policy with loan value, in accrued dividends or interest |
$9,850 |
$475 per item in any household goods up to a total of $9,850; |
$9,850 |
Jewelry |
$1,225 |
Motor vehicle |
$3,225 |
Personal injury compensation payments |
$18,450 |
Tools of trade - books and equipment |
$1,850 |
Wild Card • $925 of any property |
$925 |
* unused portion of homestead to $10,125 may be applied to any property
NOTE: These are the major bankruptcy exemptions, effective April 1, 2007. Check with your bankruptcy lawyer for a full exemptions list.