Rhode Island Bankruptcy Exemption Information
Assessing the property of bankruptcy claimants to find out whether any assets are available for liquidation is a primary task for a bankruptcy trustee. The assets exempt from liquidation by law differ from state to state; check our quick reference page to review some of the most frequently claimed Rhode Island bankruptcy exemptions.
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