Connecticut Bankruptcy Exemptions
52-352b - Real property, including mobile or manufactured home, up to $75,000. This only applies to claims arising after 1993. In money judgement cases arising out of services provided at a hospital, up to $125,000.
52-321 - Spendthrift trust funds needed for support. Tuition savings accounts.
52-352 - Motor vehicle up to $3,500; food, clothing and health aids; appliances, furniture and bedding; wedding and engagement rings; burial plot; residential utility and security deposits for 1 residence; proceeds for damaged exempt property; transfers made to a nonprofit debt adjustor; and $1,000 of any property.
52-361a - Minimum 75% of earned but unpaid wages or 40 times the state or federal minimum hourly wage; the greater of the two amounts will be used.
11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional and Roth IRAs up to $1,095,000 per person.
5-171;5-192w - State employees.
7-446 - Municipal employees.
10-183q - Teachers.
52-321a - Medical savings accounts.
52-352b - ERISA-IRAs, Roth IRAs, Keoghs, and other qualified benefits, but only to the extent wages are exempt.
31-272 & 52-352b - Unemployment compensation.
52-352b - Workers' compensation; veterans' benefits; social security; crime victims' compensation; public assistance.
Tools of Trade
52-352b - Arms, military equipment, uniforms and musical instruments of military personnel; tools, books, instruments and farm animals needed.
Alimony and Child Support
52-352b - Alimony and child support, to extent wages are exempt.
38a-453 - Life insurance proceeds, dividends, interest, or cash or surrender value:
38a-454 - Life insurance proceeds if policy prohibits use to pay creditors.
38a-637 - Fraternal benefit society benefits.
52-352b - Health and disability benefits; disability benefits paid by association for its members; unmatured life insurance policy dividends, interest, or loan value up to $4,000, if the beneficiary is a dependent.
52-352d - Farm partnership animals and livestock feed that are required to reasonably run the farm where 50% or more of the partners are from the same family.
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All documents typed are prepared by Rica Gilmore.