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.
| ASSET | EXEMPTION | LAW |
|---|---|---|
| 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) | |
| Burial plot | 52-352b(c) | |
| 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.
Back to all State Bankruptcy Exemptions
Go to Complete State of Connecticut bankruptcy exemptions laws.
Go to Federal Bankruptcy Exemptions
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