Hawaii State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Updated with current exemption law data as of 2/21/06
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. Hawaii law provides a number of exemptions that protect your property, and your Hawaii TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
$30,000 exemption for real or personal property if debtor is head of family of 65 years old; $20,000 for all other debtors.
Wages
75 percent of weekly earnings are exempt.
Automobiles
Up to $2,575 in the value of a motor vehicle.
Other Property
100 percent of necessary household furnishings and appliances, books and wearing apparel personally used by a debtor or the debtor's family residing with the debtor; jewelry, watches, and items of personal adornment up to an aggregate cash value not exceeding $1,000; and 100 percent of all tools, equipment, and furnishings used in a trade, business, or profession.
» Read the complete Hawaii 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.