Rhode Island 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. Rhode Island 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
$200,000 homestead exemption.
Wages
$50 in wages exempt (100 percent of wages of debtor's spouse and
children are exempt).
Automobiles
All motor vehicles in the aggregate amount of $10,000.
Other Property
All clothing; $1,200 in tools used in an occupation and the professional
library of any professional person; furniture, clothing, and family stores not
exceeding $8,600; $300 in books; one burial plot.
Note: Exemptions may have changed since our last update.
» Read the complete Rhode Island
bankruptcy exemptions here
» Click Here to read the Federal bankruptcy
exemptions.
» Back to Bankruptcy Laws In Your State