New York Bankruptcy Exemptions
Only the State Exemptions are Allowed
Homestead ($100,000 per married couple) |
$50,000 |
The family bible, family pictures, and school books used by the judgment debtor or in the family |
$5,000 |
Household pets |
$450 |
Wearing apparel, household furniture, one mechanical, gas or electric refrigerator, one radio receiver, one television set, crockery, tableware and cooking utensils necessary for the judgment debtor and the family |
$5,000 |
Wedding ring, a watch not exceeding thirty-five dollars in value |
$5,000 |
Motor vehicle |
$2,400 |
Tools of trade |
$5,000 |
NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.
