Connecticut Bankruptcy Exemptions
The chart below contains a summary of Connecticut state bankruptcy exemptions and other relevant statutory laws.
Click here for complete State of Connecticut bankruptcy exemptions laws.
Note: Federal bankruptcy exemptions are available.
Click here for Federal Bankruptcy Exemptions
Personal exemptions allowed by Connecticut Bankruptcy Law
Note: Under the 2005 bankruptcy law, almost all types of tax-exempt retirement accounts are exempt in bankruptcy whether state or Federal exemptions are used. Exemptions for 401(k)s, 403(b)s, profit-sharing and money purchase plans, and defined benefit plans include the entire account amounts. However, with traditional and Roth IRAs, the exemption is limited to a total value of $1,171,650 per person for all accounts held by the debtor (not per account). The total value amount is adjusted every three years for inflation. The relevant statutes: 11 U.S.C. §522(d)(12) for Federal bankruptcy exemptions; 11 U.S.C. §522(b)(3)(C) for state bankruptcy exemptions.
|Connecticut Homestead||Real property (including mobile or manufactured home) to $75,000. Applies only to claims arising after 1993. Note: Up to $125,000 where a money judgment is for services provided at a hospital.||52-352a(e); 52-352b(t)|
|Wages||Minimum 75% of earned but unpaid weekly disposable earnings or 40 times the state or Federal hourly minimum wage (whichever is greater)||52-361a(f)|
|Automobile||Up to $3,500||52-352b(j)|
|Other property||Life insurance proceeds or avails||38a-453|
|Child support; alimony (to extent wages exempt)||52-352b(h); 52-352b(n)|
|Appliances, food, clothing, furniture, bedding||52-352b(a)|
|Wedding and engagement rings||52-352b(k)|
|Tools, books, instruments, and farm animals||52-352b(b)|
|Wildcard||$1,000 of any property||52-352b(r)|
Note: While this reference information is current as of October 2010, it may not reflect the most up-to-date exemption figures on official state of Connecticut bankruptcy court statutes.