Properties Exemptions Under The Wyoming Bankruptcy Laws

As per the Wyoming bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt, by any of the Wyoming bankruptcy district courts.

•The Homestead Exemptions include any real property that you occupy up to ten thousand dollars. As per the Wyoming bankruptcy laws, you can also claim for any house trailer that you occupy but only up to six thousand dollars.
•Wyoming is among those few states, where the Annuity contract proceeds are also included in the Insurance Exemptions. The amount exemptible is 350 dollars per month.
•Other insurance exemptions include group life or disability policy or proceeds, fraternal benefit, society benefits, and disability benefits.
•The Wyoming bankruptcy laws have specifically declared the liquor licenses and malt beverage permits, as exemptible under the miscellaneous exemptions. The amount exemptible is not mentioned.
•Personal properties exemptions include bedding, furniture, and household articles and the amount exemptible is two thousand dollars in total.
•You can also claim Clothing and wedding rings needed for exemptions up to one thousand dollars.
•Motor vehicle is also allowed for exemption up to two thousand dollars.
•Pension funds are also allowed for exemption, under the Wyoming bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦Public employees
◦Game and fish wardens
◦Firefighters
◦Police officers
◦Criminal investigators
◦Highway officers
•Earnings of National Guard members have also been declared as exemptible wages as per the Wyoming bankruptcy laws.
•Public benefit exemptions include workers’ compensation, unemployment compensation, crime victims’ compensation, and general assistance.
•As per the Wyoming bankruptcy laws, you can claim for any Wild Card exemptions.

Properties Exemptions Under The Utah Bankruptcy Laws

As per the Utah bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt, by any of the Utah bankruptcy district courts.

•The Homestead exemptions include real property, mobile home, or water rights. You can exempt up to ten thousand dollars of properties in this regard. However, if you are a married couple and have filed bankruptcy jointly, you can be allowed to exempt up to twenty thousand dollars.
•It is also important for you to note that the Utah bankruptcy laws have now made it mandatory for you to file homestead declaration, if you are attempting home sale.
•Life insurance policy cash surrender value is also exemptible under insurance exemptions, but only up to 1500 dollars.
•As per the Utah bankruptcy laws, the child support, and alimony needed for support are also included in the miscellaneous exemptions.
•Personal properties exemptions include the following:
◦You can exempt Furnishings and appliances up to five hundred dollars.
◦Heirloom or other sentimental item is also exemptible as per the Utah bankruptcy laws. The maximum amount exemptible is five hundred dollars.
◦Cars or motor vehicles are also allowed to be exempted up to 2500 dollars in value.
•Pension funds are also allowed for exemption under the Utah bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦Public employees
◦People with ERISA-qualified benefits
◦Certain other types of pensions are also exemption
•Tolls of trade exemptions amount up to 3500 dollars.
•No Wild Card exemptions are allowed under the Utah bankruptcy laws.

Properties Exemptions Under The South Dakota Bankruptcy Laws

As per the South Dakota bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt, by any of the South Dakota bankruptcy district courts.

•The Homestead Exemptions include real properties up to an unlimited value. Again, if you also occupy mobile homes that are larger than 240 square meters and are older than six months since the date of filing bankruoptcy, such properties are also exemptible under homestead exemptions. However, the South Dakota bankruptcy laws have imposed restrictions in terms of size of the properties. For example, if the homestead properties are located in town, it must not exceed one acre. On the other hand, properties located outside town can be exempted for up to 160 acres.
•Again, if you are Spouse or child of deceased owner, you may also qualify for the homestead exemptions.
•filing homestead declaration is mandatory as per the South Dakota bankruptcy laws.
•Insurance exemptions include Annuity contract proceeds that can be exempted up to 250 dollars on a per month basis.
•The South Dakota bankruptcy laws have also made health benefits exemptible, but only up to the amount of twenty thousand dollars.
•Under the personal properties exemptions, you can exempt books and musical instrument for up to an amount of two hundred dollars.
•Pension funds are also allowed for exemption, under the South Dakota bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦Public employees
◦City employees
•Tools of mechanic and stock in trade are also considered as exemptible personal properties, but only up to two hundred dollars in total value.

Properties Exemptions Under The Rhode Island Bankruptcy Laws

As per the Rhode Island bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the Rhode Island bankruptcy district courts.

•The Rhode Island bankruptcy laws allow no Homestead Exemptions.
•Insurance Exemptions allowed include Temporary disability insurance, fraternal benefit society benefits, accident or sickness proceeds, avails, or benefits etc.
•Earnings of a minor child have specifically been declared as exemptible property under the miscellaneous exemptions.
•Personal properties exemptions include the following:
◦Bibles and books can be exempted, but only for up to the value of three hundred dollars.
◦If you own any consumer cooperative association holdings, the Rhode Island bankruptcy laws allow you to exempt the same, but only up to fifty dollars in value.
◦Beds, bedding, and furniture are also exemptible up to one thousand dollars in total.
◦Other exemptible personal properties include clothing needed and Burial plot.
◦The Rhode Island bankruptcy laws have also declared the body of deceased person as an exemptible personal property.
•Pension funds are also allowed for exemption under the Rhode Island bankruptcy laws, but only following individuals are eligible for such exemptions:
◦State and municipal employees
◦Public employees
◦Police officers
◦Firefighters
•The pension exemptions mainly include IRAs and ERISA-qualified benefits.
•As per the Rhode Island bankruptcy laws, the public benefit exemptions include workers’ compensation, Veterans’ disability or survivors’ death benefits, unemployment compensation, State disability benefits and Aid to blind, aged, and disabled.
•No Wild Card exemptions are allowed as per the Rhode Island bankruptcy laws.

Properties Exemptions Under The Oregon Bankruptcy Laws

As per the Oregon bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the Oregon bankruptcy district courts.

•The Homestead Exemptions include any real property, mobile home, or houseboat that you occupy. The maximum amount exemptible is twenty-five thousand dollars for single owner and thirty-three hundred dollars for joint owners. However, the Oregon bankruptcy law restricts you in terms of area, as the area of homestead properties must not exceed one block in town or city or 160 acres elsewhere.
•As per the Oregon bankruptcy laws, the insurance exemptions include specific life insurance proceeds, health or disability proceeds or avails, group life policy or proceeds not payable to insured, and fraternal benefit society benefits.
•The insurance exemptions also include Annuity contract benefits. You can exempt up to five hundred dollars on a per month basis in this regard.
•Personal properties exemptions include the following:
◦Bank deposits up to 7500 dollars
◦Jewelry and clothing for an amount of up to 1800 dollars in total.
◦If you are the householder, the Oregon bankruptcy laws also allow you to exempt food and fuel to last sixty days.
◦Radios, television, and furniture are also exemptible up to three thousand dollars in total value.
◦You can also keep motor vehicles up to seventeen hundred dollars.
•Pension funds are also allowed for exemption, under the Oregon bankruptcy laws, but only the following individuals are eligible for such exemptions.
◦School district employees
◦Public officers and employees
•As per the Oregon bankruptcy laws, the Wild Card exemptions include any personal property of up to four hundred dollars, if you are single and 800 dollars if you are a married couple and have filed for bankruptcy jointly.

Properties Exemptions Under The New Mexico Bankruptcy Laws

As per the New Mexico bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the New Mexico bankruptcy district courts.

•The Homestead Exemptions are allowed only to the married, widowed or the people who are supporting others. The maximum amount of exemptions they can claim in this regard is thirty thousand dollars. If you are a married couple and are filing bankruptcy jointly, the maximum amount exemptible will be sixty thousand dollars.
•Like most of the other states in America, the Insurance Exemptions under the New Mexico also include fraternal benefit society benefits.
•Again, if you are a permanent resident and a citizen of New Mexico, you can also exempt Life, accident, health or annuity benefits, withdrawal or cash value up to any amount.
•Benevolent association benefits have specifically been mentioned in the insurance exemptions by the New Mexico bankruptcy laws. The amount exemptible in this regard can be up to five thousand dollars in value.
•Pension funds are exempted under the New Mexico bankruptcy laws, but only Public school employees are eligible for such exemptions.
•As per the New Mexico bankruptcy laws, the ownership interest in unincorporated association is also exemptible under the miscellaneous exemptions.
•Wild Card exemptions include any personal property up to five hundred dollars in value. In this section, you can also exempt any property in lieu of homestead up to two thousand dollars.

Properties Exemptions Under The Montana Bankruptcy Laws

As per the Montana bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the Montana bankruptcy district courts.

•Homestead Exemptions are allowed up to 100,000 dollars in total. However, in case of a married couple filing bankruptcy jointly, the amount will get double to 200,000 dollars. It is also mandatory for you to record homestead declaration before filing for bankruptcy.
•There are certain area restrictions as well under the homestead exemptions. For example, in case you own a farm, the area should not exceed 320 acres. Likewise, if the property is located in municipality, the maximum area should be 0.25 acre and if it is outside municipality, it should be one acre.
•Insurance Exemptions include Disability or illness proceeds, avails or benefits; Hail insurance benefits; fraternal benefits society benefits; Medical, surgical or hospital care benefits etc.
•If there are any Un-matured life insurance contracts, they are also exemptible under the Montana bankruptcy laws up to the amount of four thousand dollars.
•Annuity contract proceeds are also exemptible up to 350 dollars per month.
•Pension funds are exempted under the Montana bankruptcy laws, but only following individuals are eligible for such exemptions.
◦Firefighters
◦Police officers
◦Sheriffs
◦University system employees
◦Judges
◦Game wardens
◦Highway patrol officers
◦Teachers
•Motor vehicle is exemptible up to 2500 dollars.
•Cooperative association shares are also exemptible up to 500 dollars.
•Wild Card exemptions are not allowed under Montana bankruptcy laws.

Property Exemptions Under The Massachusetts Bankruptcy Laws

Following are the properties and their specific details that are considered as exemptible, as per the Massachusetts bankruptcy laws.

•All residential properties are exemptible under the homestead exemptions, but only for up to the amount of 100,000 dollars. In addition, if you are older than 65 or are disabled, the homestead exemptions will be allowed for up to 200,000 dollars.
•Again, if you are a married couple and are filing bankruptcy jointly, the maximum amount of the homestead exemptions will go double.
•The Massachusetts bankruptcy laws have made it mandatory for the debtor to record homestead declaration before filing bankruptcy.
•Under the personal properties exemptions, bank deposits are allowed to be exempted for up to 125 dollars.
•You can also exempt food or cash for food, but only up to three hundred dollars.
•Bibles and books have specifically been mentioned under the personal properties section. As per the Massachusetts bankruptcy laws, you can exempt Bibles and other books for up to two hundred dollars in total.
•Cash for fuel, heat, water, or light have also been bincluded under the personal properties exemptions. You can exempt such properties at the rate of seventy-five dollars on a monthly basis.
•You can opt for rental exemptions for up to 200 dollars a month, but in lieu of the homestead exemptions.
•Exemptible furniture amounts to three thousand dollars, while the motor vehicles are allowed for exemption of up to 750 dollars, as per the Massachusetts bankruptcy laws.