Rhode Island 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. Rhode Island law provides a number of exemptions that protect your property, and your Rhode Island TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
$200,000 homestead exemption.
Wages
$50 in wages exempt (100 percent of wages of debtor's spouse and children are exempt).
Automobiles
All motor vehicles in the aggregate amount of $10,000.
Other Property
All clothing; $1,200 in tools used in an occupation and the professional library of any professional person; furniture, clothing, and family stores not exceeding $8,600; $300 in books; one burial plot.
» Read the complete Rhode Island 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.