Massachusetts Bankruptcy Exemptions

Federal or State Exemptions are Allowed

Tap Here for Federal Exemptions

Homestead.	$500,000*
Wearing apparel	$3,000
Bank account	$500
Household goods	$3,000
Tools of trade	$500
Motor vehicle	$700

 

* If the bankurptcy attorney claims a homestead exemption in debtor's principal residence, IT MUST BE DECLARED BY DEED AND FILED BEFORE THE BANKRUPTCY IS FILED.

NOTE: These are the major bankruptcy exemptions. Check with your bankruptcy lawyer for a full exemptions list.