Washington DC 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. Washington DC law provides a number of exemptions that protect your property, and your Washington DC TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
100 percent of the debtor's aggregate interest in real property used as the residence of the debtor is exempt.
Wages
75 percent of disposable earnings are exempt (includes periodic payments under pension and retirement plans).
Automobiles
$2,575 exemption for motor vehicle.
Other Property
Exemption of $425 in value, in any particular item, or $8,625 in aggregate value, in household furnishings, household goods, wearing apparel, appliances, books, animals, crops, or musical instruments, that are held primarily for the personal family or household use of the debtor or a dependent of the debtor; and $1,625 exemption for any implements, professional books, or tools of the trade of the debtor or the trade of a dependent of the debtor.
» Read the complete Washington D. C. 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.