Federal Bankruptcy Exemptions

Homestead

$22,975*

$550 per item in any household goods up to a total of $11,525;

$11,525

Jewelry

$1,450

Motor vehicle

$3,450

Tools of trade - books and equipment

$2,175


* unused portion of homestead to $10,825 may be applied to any property. NOTE: These are the major bankruptcy exemptions. Check with your bankruptcy lawyer for a full exemptions list.


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