Washington 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 law provides a number of exemptions that protect your property, and your Washington TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
$125,000 for land, mobile homes, and improvements; $15,000 for other personal property used as homestead.
Wages
75 percent of disposable earnings or 30 times the federal minimum hourly wage, whichever is greater.
Automobiles
$2,500 for any one motor vehicle ($5,000 for more than one vehicle for a married couple).
Other Property
$1,000 in apparel; $1,500 of private libraries; unlimited family pictures and keepsakes; household goods, appliances, furniture, and home and yard equipment, not to exceed $2,700 for an individual or $5,400 for a couple; other personal property not to exceed $2,000 in value, of which not more than $200 in value may consist of cash, and $200 in bank accounts, savings and loan accounts, stocks, bonds, or other securities.
» Read the complete Washington 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.