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Rhode Island Bankruptcy Exemptions

UPDATED: February 14, 2020

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Assets Exemption State Statutes
     
Homestead $500,000 in land & buildings you occupy or intend to occupy as a principal residence (husband & wife may not double). R.I. Gen. Laws § 9-26-4.1
     
 Tenancy by Entirety Tenancy of the entireties property is shielded from the reach of creditors until the tenancy is dissolved or the debtor spouse survives the non-debtor spouse, but, creditors not only may attach property that is owned as tenants by the entirety, but also may "sell the contingent future expectancy interest which the attachment entails (if anyone can be persuaded to purchase it). In re Furkes, 65 B.R. 232, 236 (D.R.I.1986); see also In re Bois, 191 B.R. 279, 280 (Bankr.D.R.I.1996); In re Ryan, 282 B.R. 742 (D.R.I 2002)
     
Insurance  Accident or sickness proceeds, avails, or benefits.  R.I. Gen. Laws § 27-18-24
  Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors.  R.I. Gen. Laws § 27-4-12
  Temporary disability insurance. R.I. Gen. Laws § 28-41-32
  Fraternal benefit society benefits. R.I. Gen. Laws § 27-25-18
     
 Misc. Property of business partnership. R.I. Gen. Laws § 7-12-36
Earnings of a minor child. R.I. Gen. Laws § 9-26-4 (9)
     
Pensions & Retirement Savings ERISA-qualified benefits. R.I. Gen. Laws § 9-26-4 (12)
  Firefighters.  R.I. Gen. Laws § 9-26-5
  IRAs (all types). R.I. Gen. Laws § 9-26-4 (11)
  Police officers. R.I. Gen. Laws § 9-26-5
  Private employees. R.I. Gen. Laws § 28-17-4
State & municipal employees. R.I. Gen. Laws § 36-10-34
     
Personal Property Beds, bedding, furniture, household goods, & supplies, to $9,600 total (husband & wife may not double). R.I. Gen. Laws § 9-26-4 (3)
In re Petrozella, 247 B.R. 591 (R.I. 2000)
Bibles and books to $300. R.I. Gen. Laws § 9-26-4 (4)
Burial plot. R.I. Gen. Laws § 9-26-4 (5)
  Clothing. R.I. Gen. Laws § 9-26-4 (1)
  Consumer cooperative association holdings to $50. R.I. Gen. Laws § 7-8-25
  Debt secured by promissory note or bill of exchange. R.I. Gen. Laws § 9-26-4 (7)
  Jewelry to $2,000. R.I. Gen. Laws § 9-26-4 (14)
  Motor vehicles to $12,000. R.I. Gen. Laws § 9-26-4 (13)
  Prepaid tuition program or tuition savings account. R.I. Gen. Laws § 9-26-4 (15)
     
 Public Benefit Aid to blind, aged, disabled; general assistance. R.I. Gen. Laws § 40-6-14
  Crime victims’ compensation. R.I. Gen. Laws § 12-25.1-3 (b)(2)
State disability benefits. R.I. Gen. Laws § 28-41-32
  Unemployment compensation. R.I. Gen. Laws § 28-44-58
  Veterans’ disability or survivors’ death benefits. R.I. Gen. Laws § 30-7-9
  Workers’ compensation. R.I. Gen. Laws § 28-33-27
     
Tools of Your Trade Library of practicing professional. R.I. Gen. Laws § 9-26-4 (2)
  Working tools to $2,000. R.I. Gen. Laws § 9-26-4 (2)
     
Wages Earned but unpaid wages due military member on active duty. R.I. Gen. Laws § 30-7-9
Earned but unpaid wages due seaman. R.I. Gen. Laws § 9-26-4 (6)
  Earned but unpaid wages to $50. R.I. Gen. Laws § 9-26-4 (8)(iii)
  Wages paid by charitable organization or fund providing relief to the poor. R.I. Gen. Laws § 9-26-4 (8)(i)
Wages of spouse & minor children. R.I. Gen. Laws § 9-26-4 (9)
Wages of any person who had been receiving public assistance are exempt for 1 year after going off of relief. R.I. Gen. Laws § 9-26-4 (8)(ii)
     
Wildcard $6,500. R.I. Gen. Laws § 9-26-4 (16)

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