Washington Bankruptcy Exemption Information
Updated April 2008 - One central duty of a bankruptcy trustee is to judge whether any of the claimants' property can be liquidated to help pay back creditors. To make this job easier, we have compiled a list of some of the Washington bankruptcy exemptions that are claimed most frequently on our quick reference page.
Homestead
$125,000 for land, mobile homes, and improvements; $15,000 for other personal property used as homestead.
Wages
75 percent of weekly earnings or 30 times the federal minimum hourly wage,
whichever is greater.
Automobiles
$2,500 for any one motor vehicle ($5,000 for more than one vehicle
for a married couple).
Other Property
$1,000 in clothing; $1,500 in books; household goods, appliances,
furniture, and home and yard equipment, not to exceed $2,700 for an
individual or $5,400 for a couple; other personal property not to exceed $2,000
in value, of which not more than $200 in value may consist of cash, and $200
in bank accounts, savings and loan accounts, stocks, bonds, or other
securities.
» Read the complete Washington
bankruptcy exemptions here
» Click Here to read the Federal bankruptcy
exemptions.
» Back to Bankruptcy Laws In Your State