Rhode Island Bankruptcy Law Center at Fabisch Law, L.L.C.
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Rhode Island's Bankruptcy Exemptions
Homestead R.I. Gen Laws § 9-26-4.1 - $300,000 occupied or intended to be occupied as primary residence. Personal Property R.I. Gen Laws § 7-8-25 - Consumer cooperative association holdings up to $50. R.I. Gen Laws § 9-26-4 - All motor vehicles up to $12,000 total; clothing needed; furniture, beds and bedding, household goods and supplies up to $9,600 total (spouses may not double); jewelry up to $2,000 total; books up to $300 total; burial plot; debt owed to you which is secured by a promissory note or bill of exchange; and prepaid tuition accounts. Wages R.I. Gen Laws § 9-26-4 - Earned but unpaid wages up to $50; wages of spouse; earned but unpaid wages of a seaman; wages exempt for 1 year after getting off relief if you have received welfare prior to filing for bankruptcy; wages paid by a charitable organization; earnings of a minor child. R.I. Gen Laws § 30-7-9 - Earned but unpaid wages of a military member on active duty. Pensions 11 U.S.C. § 522 - Tax exempt retirement accounts (including 401(k)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined benefit plans). 11 U.S.C. § 522(b)(3)(C)(n) - IRAS and Roth IRAs to $1,171,150. R.I. Gen Laws § 9-26-4 - ERISA-qualified benefits; IRAs and Roth IRAs. R.I. Gen Laws § 9-26-5 - Police officers and firefighters. R.I. Gen Laws § 28-17-4 - Private employees. R.I. Gen Laws § 36-10-34 - State and municipal employees. Public Benefits R.I. Gen Laws § 12-25.1-3 - Crime victim's compensation. R.I. Gen Laws § 28-33-27 - Workers' compensation. R.I. Gen Laws § 28-41-32 - State disability benefits. R.I. Gen Laws § 28-44-58 - Unemployment compensation. R.I. Gen Laws § 30-7-9 - Veterans' disability or survivor benefits. R.I. Gen Laws § 40-6-14 - General assistance; aid to blind, aged, and disabled. Tools of Trade R.I. Gen Laws § 9-26-4 - Working tools up to $1,500; library of a professional in practice. Insurance R.I. Gen Laws § 27-4-12 - Life insurance proceeds if policy prohibits use to pay creditors. R.I. Gen Laws § 27-18-24 - Accident or illness proceeds, benefits, dividends, interest, loan, cash, or surrender value. R.I. Gen Laws § 27-25-18 - Fraternal benefit society benefits. R.I. Gen Laws § 28-41-32 - Temporary disability insurance. Miscellaneous R.I. Gen Laws § 7-12-36 - Business partnership property. Wildcard R.I. Gen Laws § 9-26-4 - $5,000. |
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