Hawaii State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
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. Hawaii 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
$30,000 exemption for real or personal property if debtor is head of
family of 65 years old; $20,000 for all other debtors.
Wages
75 percent of weekly earnings are exempt.
Automobiles
Up to $2,575 in the value of a motor vehicle.
Other Property
100 percent of necessary household furnishings and appliances, books and
wearing apparel personally used by a debtor or the debtor's family residing
with the debtor; jewelry, watches, and items of personal adornment up to an
aggregate cash value not exceeding $1,000; and 100 percent of all
tools, equipment, and furnishings used in a trade, business, or profession.
Note: Exemptions may have changed since our last update.
» Read the complete Hawaii bankruptcy
exemptions here
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