Vermont Bankruptcy Exemption Information
When you agree to act as a bankruptcy trustee, you will be faced with the task of assessing debtors' property to see if there are any assets that can be liquidated. It can be helpful to have some of the most typically claimed Vermont bankruptcy exemptions at your fingertips, so check our convenient quick reference guide.
Homestead
$75,000 homestead exemption.
Wages
75 percent of weekly earnings or 30 times the federal minimum hourly
wage, whichever is greater.
Automobiles
$2,500 in one motor vehicle.
Other Property
$5,000 in professional books and tools of the trade; one wedding ring; $500
in other jewelry; $2,500 in furniture, goods or appliances, books,
wearing apparel, animals, crops or musical instruments; growing crops up to $5,000;
any other property, not to exceed $400 in value, plus up to $7,000
of any unused exemptions; one cooking stove, appliances needed for heating, one
refrigerator, one freezer, one water heater, and sewing machines; and $700
in bank deposits.
Note: Exemptions may have changed since our last update.
» Read the complete Utah bankruptcy exemptions
here
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