Massachusetts Bankruptcy Exemptions - MA Bankruptcy Exemptions

State or Federal Exemptions Allowed

Click Here for Federal Exemptions

Homestead

$500,000*

Wearing apparel

Household goods

$3,000

Tools of trade

$5,000

Motor vehicle

$700

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

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

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