Washington Bankruptcy Exemptions
6.13.010 - Real property or mobile home up to $125,000. If property is unimproved but intended to be occupied at time of filing bankruptcy up to $15,000. Before sale of home if the property is unoccupied or unimproved, a homestead declaration must be filed (6.15.040)
6.15.010 - Motor vehicle up to $2,500 if single or 2 vehicles up to $5,000 if community; clothing, but furs, jewelry & ornaments limited to $1,000; household goods, furniture, appliances, home and yard equipment up to $2,700 ($5,400 for husband and wife); pictures and keepsakes; private libraries up to $1,500; food and fuel for comfortable maintenance; prescribed health aids; $2,000 of any other personal property, but not more than $200 of it in cash, bank deposits, stocks, bonds, or other securities; and personal injury awards up to $16,150.
6.15.030 - Fire insurance for lost, stolen or destroyed exempt property.
68.20.120 - Burial plots if sold by a nonprofit cemetery association.
68.24.220 - Burial plot.
6.27.150 - The greater of the following: 30 times the federal hourly minimum wage or minimum of 75% of disposable earnings. Judge may approve more for low income debtor.
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs up to $1,095,000 per person.
2.10.180 - Judges.
6.15.020 - ERISA-qualified benefits, including IRAs and Keoghs.
41.24.240 - Volunteer firefighters.
41.26.053 - Law enforcement officials and firefighters.
41.28.200 - City employees.
41.32.052 - Teachers.
41.40.050 - Public employees and state employees.
43.43.310 - State patrol officers.
7.68.070 - Crime victims' compensation.
50.40.020 - Unemployment compensation.
51.32.040 - Industrial insurance (workers' compensation).
74.04.280 - General assistance.
74.08.210 - Old-age assistance.
74.13.070 - Child welfare.
Tools of Trade
6.15.010 - Tools and materials used in any trade up to $5,000; library, office furniture, equipment and supplies of a physician, surgeon, attorney, clergyman or other professional up to $5,000; farm trucks, tools, equipment, supplies, stock and seed of a farmer up to $5,000. .
Alimony and Child Support
6.15.010 - Child support payments.
48.36A.180 - Disability benefits, proceeds, dividends, interest, loan, cash, or surrender value.
48.18.410 - Life insurance proceeds, dividends, interest, loan, cash, or surrender value if the insured is not the beneficiary.
46.18.420 - Group life insurance policy or proceeds.
46.18.430 - Annuity contract proceeds up to $2,500 per month.
48.18.400 - Fraternal benefit society benefits.
Other - Add any applicable Federal Nonbankruptcy Exemptions
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All documents typed are prepared by Rica Gilmore.