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 Wisconsin Bankruptcy Laws

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

•Any property that you already occupy or are attempting to occupy will come under Homestead Exemptions. The maximum amount exemptible is forty thousand dollars in total.
•Insurance Exemptions include specific immature life insurance contract, fraternal benefit society benefits, and federal disability insurance. There are experts that can help with discharging debts.
•The Wisconsin bankruptcy laws have also specified that if you are a married woman and a beneficiary for life insurance policy or proceeds, you can claim for exemptions up to five thousand dollars in this regard.
•The deposit accounts have been included in the personal properties exemptions. You can exempt as much as one thousand dollars.
•Public benefit exemptions include workers’ compensation, veterans benefits, unemployment compensation, social service payments, and crime victims’ compensation.
•Other personal properties exemptions include motor vehicles up to 1200 dollars and personal injury recoveries up to twenty-five thousand dollars.
•Pension funds are also allowed for exemption, under the Wisconsin bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦Public employees
◦Private or public retirement benefits
◦Military pensions are also considered under pension exemptions as per the Wisconsin bankruptcy laws.
◦The Firefighters and police officers that are appointed in a city, where the population is more than 100,000.
•As per the Wisconsin bankruptcy laws, no Wild Card exemptions are allowed.

Properties Exemptions Under The Virginia Bankruptcy Laws

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

•Mobile homes are allowed to be exempted, under the homestead exemptions.
•The maximum amount exemptible for the homestead properties is five thousand dollars. However, you can also claim to exempt a further five hundred dollars per dependant.
•Sale proceeds of homestead properties can also be exempted up to five thousand dollars.
•Under personal properties exemptions, you are allowed to exempt books, clothing, and furnishings up to the amount of 2500 dollars in total value.
•The Vermont bankruptcy laws have declared all types of wedding ring, irrespective of its price as a completely exemptible personal property. However, jewelry is exempted only up to five hundred dollars.
•The Virginia bankruptcy laws have made it mandatory for you to file for homestead declaration, before filing court petition for bankruptcy.
•Insurance exemptions include industrial sick benefits, group life insurance policy or proceeds, fraternal benefit, society benefits, cooperative life insurance benefits, burial society benefits, and accident or sickness benefits.
•Personal properties exemptions include the following:
◦Clothing up to one thousand dollars.
◦Unlike other states, Virginia bankruptcy laws allow you to exempt up to five thousand dollars for family portraits and pictures.
◦Household furnishings are also exemptible up to five thousand dollars.
◦You are also allowed to exempt cars or other motor vehicles up to two thousand dollars.
•Pension funds are also allowed for exemption, under the Virginia bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦State employees
◦Judges
◦City, town and county employees
•The ERISA-qualified benefits are also considered under the pension fund exemptions, but only up to the amount of 17500 dollars on a per year basis.
•Wild Card exemptions are allowed only for disabled veterans (that too, if they are the householders). The maximum amount exemptible in this regard is two thousand dollars.

Properties Exemptions Under The Vermont Bankruptcy Laws

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

•Real property or mobile homes are considered under Homestead Exemptions of up to the amount of 75000 dollars.
•Vermont is one of those states that include Annuity contract benefits under the Insurance Exemptions. The amount exemptible in this regard is 350 dollars on a per month basis.
•The health benefits can also be exempted, but only up to two hundred dollars a month.
•Under personal properties exemptions, you are allowed to exempt books, clothing, and furnishings up to the amount of 2500 dollars in total value.
•The Vermont bankruptcy laws have declared all types of wedding ring, irrespective of its price as a completely exemptible personal property. However, jewelry is exempted only up to five hundred dollars.
•The upper limit for motor vehicles exemptions is 2500 dollars. Likewise, for bank deposit, the maximum exemptible amount is seven hundred dollars.
•Pension funds are also allowed for exemption, under the Vermont bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦Teachers
◦State employees
◦Municipal employees
◦Individuals with self-directed accounts, such as IRAs and Keoghs are also exemptible as per the Vermont bankruptcy laws. The amount exemptible in this case, can be up to ten thousand dollars.
•Books and tools of trade are exemptible up to five thousand dollars.
•The Vermont bankruptcy laws allow you to exempt four hundred dollars of any property under the Wild Card exemptions.

Properties Exemptions Under The South Carolina Bankruptcy Laws

As per the South Carolina 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 Carolina bankruptcy district courts.

•The Homestead Exemptions include any real property or co-op up to the amount of five thousand dollars in value. However, if you are a married couple and jointly own the properties, the South Carolina bankruptcy laws allow you to exempt up to ten thousand dollars.
•Insurance Exemptions include immature life insurance contract (but not credit insurance policy), proceeds of life insurance or annuity contract, fraternal benefit society benefits, disability or illness benefits, accident, and disability benefits.
•Alimony and child support funds are also exemptible under the South Carolina bankruptcy laws. Under the miscellaneous exemptions, you can also exempt any property that you are using in a business partnership.
•Under the Personal properties exemptions, you can exempt Jewelry up to the amount of five hundred dollars and motor vehicle up to twelve hundred dollars in value.
•The South Carolina bankruptcy laws have specifically declared the Personal injury recoveries and Wrongful death recoveries as exemptible personal properties.
•Pension funds are also allowed for exemption under the South Carolina bankruptcy laws, but only following individuals are eligible for such exemptions:
◦Public employees
◦Police officers
◦Judges and solicitors
◦General assembly members
◦Firefighters
•Tolls of trade exemptions may amount up to 750 dollars.
•No Wages or Wild Card exemptions are allowed as per the South Carolina 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 Oklahoma Bankruptcy Laws

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

•The Homestead Exemptions include real property or manufactured home for up to an unlimited value. However, the restriction has been imposed in terms of the area. You are not allowed to exempt homestead properties more than one acre in town or city and 160 acres of properties located out of town.
•As per the Oklahoma bankruptcy laws, the Insurance exemptions include limited stock insurance benefits, group life policy or proceeds, funeral benefits prepaid and placed in trust, fraternal benefit society benefits, and assessment or mutual benefits.
•Personal properties exemptions have been interpreted by the Oklahoma bankruptcy laws as follows.
◦Motor vehicle can be exempted for up to three thousand dollars.
◦The maximum exemptible amount of clothing is four thousand dollars in value.
◦The personal declared as bankrupt is allowed to keep two bridles and two saddles.
•Pension funds are also allowed for exemption under the Oklahoma bankruptcy laws, but only the following individuals are eligible for such exemptions.
◦Teachers
◦Public employees
◦Police officers
◦Law enforcement employees
◦Firefighters
◦Disabled veterans
◦County employees
•The pension exemptions mainly include ERISA-qualified benefits and Tax-exempt benefits.
•Tools of trade include apparatus, books, tools, and homestead and the maximum amount exemptible under this section is five thousand dollars in total.
•Wild Card exemptions are not allowed as per the Oklahoma bankruptcy laws.

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.