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Maine Bankruptcy Exemptions

Only The State Exemptions are Allowed

Homestead - $70,000.00 if married. If the debtor or a dependent of the debtor is 60 years of age or older, or disabled the aggregate exempt value may be $140,000.00 or $70,000.00 for a single person.

$35,000

Clothing, household furniture and furnishings, musical instruments, etc., that are held primarily for the personal family or household use of the debtor or his dependent, with a value not to exceed $200.00 in each item

 

Jewelry

$750

Health aids

 

Motor vehicle

$5,000

Tools of trade

$5,000

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


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