Homestead |
$125,000* |
Wearing Apparel |
$1,000 |
Furs, jewelry, and personal ornaments for any individual, private libraries |
$1,500 |
Family pictures and keepsakes |
$1,500 |
Household goods, appliances, furniture, and home and yard equipment |
$2,700 |
Other personal property |
$2,000 |
Motor vehicle |
$2,500 |
Cash or bank accounts |
$100 |
Two motor vehicles, farmer's equipment and tools |
$5,000 |
Professional library, office furniture, office equipment and supplies |
$5,000 |
Tools of trade |
$5,000 |
* Since July 2007
NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.