Tennessee Bankruptcy Exemptions - TN Bankruptcy Exemptions

State Exemptions Only

Homestead

$5,000

Money and funds on deposit with a bank or other financial institution

$4,000

A judgment debtor is entitled to an absolute exemption of all necessary and proper wearing apparel for the actual use of himself and family and the trunks or receptacles necessary to contain same and all family portraits and pictures, and the family Bible and school books.

 

Tools of trade

$1,900


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

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