Alabama State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain types of your property from your creditors when you file bankruptcy-such as your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other important property. Alabama law provides a number of exemptions that protect your property, and your Alabama TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
Up to $5,000 in the equity of your home can be protected (a mobile home or similar dwelling constitutes a homestead if it is your principal residence).
Wages
75 percent of your weekly, disposable earnings are exempt.
Automobiles
No specific automobile exemption.
Other Property
Up to $3,000 in the value of all personal property.
» Read the complete Alabama bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.