Federal
Bankruptcy Exemptions are available.
All law references are to Pennsylvania Consolidated
Statutes Annotated unless otherwise noted. |
|
ASSET |
EXEMPTION |
LAW PROVISION |
|
Homestead |
None,
however, property held as tenancy by the entirety may be
exempt against debts owed by only one spouse |
Keystone
Saving Ass’n v.
Kitsock,
633 A. 2d 165 (Pa. Super. Ct. 1993) |
|
Insurance |
Accident
or disability benefits
Fraternal benefit society benefits
Group
life policy or proceeds
Insurance policy or annuity contract payments, where
insured is the beneficiary, cash value or proceeds to
$100 per month
Life
insurance proceeds if clause prohibits proceeds from
being used to pay beneficiary’s creditors
No-fault automobile insurance proceeds |
42-8124(
c) (7)
Annotated Statute 40-1141-403;
42-8124( c) (1), (8)
42-8124( c) (5)
42-8124( c) (3)
42-8124( c) (6)
42-8214( c) (4)
42-8124( c) (9) |
|
Miscellaneous |
Property
of business partnership |
15-8341 |
|
Pensions |
City
employees
County
employees
Municipal employees
Police officers
Private retirement benefits if clause prohibits proceeds
from being used to pay beneficiary’s creditors, to
extent tax-deferred; exemption limited to $15,000 per
year deposited; no exemption for amount deposited within
1 year of filing
Public school employees
State
employees |
53-13445, 53-23572,
53-39383
16-4716
53-881.115
53-764, 53-776, 53-23666
42-8124(b)
24-8533
71-5953 |
|
Personal
Property |
Bibles,
schoolbooks & sewing machines
Clothing
Tangible personal property at an international exhibit
sponsored by U.S. government
Uniform & accoutrements |
42-8124(a) (2), (3)
42-8124(a) (1)
42-8125
42-8124(a) (4) |
|
Public
Benefits |
Crime
victims’ compensation
Korean
conflict veterans’ benefits
Unemployment compensation
Veterans’ benefits
Workers’ compensation |
71-180-7.10
51-20098
42-8124(a) (10), 43-863
51-20012
42-8124( c) (2) |
|
Tools of
Trade |
None |
|
|
Wages |
Earned
but unpaid wages |
42-8127 |
|
Wild
Card |
$300 of
any property |
42-8123 |