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Washington State Bankruptcy Exemptions |
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Washington State Bankruptcy Exemptions |
| ASSET | EXEMPTION | LAW PROVISION |
| Homestead |
Real property or mobile
home to $30,000 ( no limit if seeking to discharge debt
based on failure to pay a state income tax assessed on
retirement benefits received while a resident of
Washington, 6.15.030) Must file homestead declaration before sale of home if property unimproved or home unoccupied |
6.13.010,6.13.030 6.15.040 |
| Personal Property |
Appliances, furniture,
household goods & home yard equipment to $2700 total (no
limit on any property located within Washington if
seeking to discharge debt based on failure to pay a
state income tax assessed on retirement benefits
received while a resident of Washington, 6.15.025) Books to $1500 Burial plots sold by nonprofit cemetery association Clothing, no more than $1000 in furs, jewelry, ornaments Food and fuel for comfortable maintenance Keepsakes & pictures Two motor vehicles to $2500 total |
6.15.010(3) (a) 6.15.010(2) 68.20.120 6.15.010(1) 6.15.010(3) (a) 6.15.010(2) 6.15.010(3) ( c) |
| Insurance |
Annuity contract proceeds
to $250 per month Disability proceeds, avails or benefits Fire insurance proceeds for destroyed exemption Fraternal benefit society benefits Group life insurance policy or proceeds Life insurance proceeds or avails if beneficiary is not the insured |
48.18.430 48.18.400 6.15.030 48.36A.180 48.18.420 48.18.410 |
| Miscellaneous | Property of business partnership | 25.04.250 |
| Pensions |
City employees ERISA-qualified benefits IRAs Public employees State patrol officers Volunteer firefighters |
41.28.200 6.15.020 6.15.020 41.40.380 43.43.310 41.24.240 |
| Public Benefits |
Child welfare Crime victims’ compensation General assistance Industrial insurance (workers’ compensation) Old-age assistance Unemployment compensation |
74.13.070 7.68.070, 51.32.040 74.04.280 51.32.040 74.08.210 50.40.020 |
| Tools of Trade |
Farm trucks, stock,
tools, seed, equipment & supplies of farmer to $5000
total Library, office furniture, office equipment & supplies of physician, surgeon, clergy or other professional to $5000 total Tools & materials used in another’s trade to $5000 |
6.15.010(4) (a) 6.15.010(4) (b) 6.15.010(4) ( c) |
| Wages | Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors |
6.27.150 |
| Wild Card | $1000 of any personal property (no more than $100 in cash, bank deposits, bonds, stocks & securities) | 6.15.010(3) (b) |
Thursday January 12, 2006