Delaware State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Updated exemption law data as of 2/21/06
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Delaware law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
$50,000 exemption in debtor's principal residence
Wages
No specifc wage exemption.
Automobiles
No specific automobile exemption.
Other Property
A vehicle and/or tools of the trade in the amount of $15,000; $25,000
in fair market value of other property.
Note: Exemptions may have changed since our last update.
» Read the complete Delaware bankruptcy
exemptions here
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