Duarte Bankruptcy Attorney

TYPE OF PROPERTY

704 EXEMPTIONS

703 EXEMPTIONS

Principal Residence (including mobile homes, houseboats & all outbuildings on same property)

$75,000 - Single Debtor §704.730(a)(1)

$100,000 Head of Household §704.730(a)(2)

$175,000 65 years or Disabled or 55 years with low income §704.730(a)(3)

$20,725 in any real property §703.140(b)(1)

Material to repair or improve residence

$2,700 - §704.030

Not Available

Household Goods, Appliances, Clothes & Personal Items

Reasonable & Necessary §704.020

$525 per item with no maximum §703.140(b)(3)

Motor Vehicles

$2,550 total in all vehicles - §704.010

$3,300 in 1 vehicle - 703.140(b)(2)

Tools of the Trade, including Professional Books

$13,475 per employed spouse - §704.060 or $9,700 in one commercial vehicle.

$2,075 §703.140(b)(6)

Jewelry, Heirlooms, Works of Art

$6,750 - §704.040

$1,350 jewelry only - §703.140(b)(4)

Any property selected by debtor-Wild Card-

Not Available

$1,100 plus unused portion of §703.140(b)(1). Can be used for any property. §703.140(b)(5)

Life Insurance Benefits (Incl. endowments & annuities)

Reasonable & Necessary §704.100(c)

All - §703.140(b)(11)(C)

Life Insurance Loan Values

$10,775 per spouse - §704.100(b)

$11,075 - §703.140(b)(8)

Prosthetic & other Health Aids

Reasonable & Necessary - 704.050

All - §703.140(b)(9)

Cemetery Plot

All for debtor & Spouse - 704.200(c)

Not Available

Wages earned

75% of last month’s wages - 704.070

Not Available

Vacation Credits

All Public Employees Only - §704.113

Not Available

Social Security Benefits

All - §704.080(e)

All - §703.140(b)(10)(A)

Bank Accounts for Social Security Benefits if Direct Deposit is used

$2,700 if single debtor - $4,050 if joint §704.080(b)(2) All if proven Social Sec.

Not Available

Public Benefits

All - §704.080(e)

All - §703.140(b)(10)(A)

Bank Accounts for Public Benefits if Direct Deposit is used

$1,350 if single debtor - $2,025 if joint §704.080(b)(2) All if proven Public Benefits.

Not Available

Public Retirement Benefits

All - §704.110(b)

All - §703.140(b)(10)(E)

Private Retirement Benefits

All - §704.115(b)

Reasonable & Necessary §703.140(b)(10)(E)

Health/Disability Ins. Benefits

All - §704.130

All - §703.140(b)(10)(C)

Personal Injury Payments after Judgment or Settlement

Reasonable & Necessary - §704.140(d)

$20,725 not including pain & suffering §703.140(b)(11)(D)

Personal Injury Cause of Action

All - §704.140(a)

Not Available

Worker’s Compensation Benefits

All - §704.160

Reasonable & Necessary - §703.140(b)(11)(E)

Loss of Future Earnings

All - §704.140

Reasonable & Necessary - §703.140(b)(11)(E)

Unemployment Benefits

All - §704.120

All - §703.140(b)(10)(C)

Relocation Benefits

All - §704.180

Not Available

Veteran’s Benefits

Not Available BUT exempt under Federal Law 38 USC §5301

All - §703.140(b)(10)(B)

Benefits from Wrongful Death Lawsuit

Reasonable & Necessary §704.150(b)

Reasonable & Necessary §703.140(b)(11)(B)

Wrongful Death Cause of Action

All - §704.150(a)

Not Available

Child Support/Alimony

Not Available

Reasonable& Necessary §703.140(b)(10)(D)

Welfare or Charitable Aid

All - §704.170

Not Available

Prisoner Trust Account

$1,350 - §704.090

Not Available