Washington Bankruptcy Exemptions

The chart below contains a summary of Washington state bankruptcy exemptions and other relevant statutory laws.
Click here for complete State of Washington bankruptcy exemptions laws.

Note: Federal bankruptcy exemptions are available. Click here for Federal Bankruptcy Exemptions

Personal exemptions allowed by Washington 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.

ASSETEXEMPTIONLAW
Washington HomesteadReal property or manufactured home to $125,000; unimproved property intended for residence to $15,0006.13.010; 6.13.030
WagesMinimum 75% of weekly disposable earnings or 30 times the Federal minimum hourly wage (whichever is greater). Bankruptcy judge may authorize more for low-income debtors.6.27.150
AutomobileUp to $2,500 ($5,000 for 2 automobiles for community)6.15.010(3)(c)
Other propertyDisability proceeds, avails, or benefits48.36A.180
Child support payments6.15.010(3)(d)
Appliances, furniture, household goods, home and yard equipment to $2,700 total ($5.400 for community)6.15.010(3)(a)
Clothing6.15.010(1)
Burial ground68.24.220
Library, office furniture, office equipment, and supplies of physician, surgeon, attorney, clergy, or other professional to $5,000 total6.15.010(4)(b)
Wildcard$2,000 of any personal property (but no more than $200 in cash, bank deposits, bonds, stocks, and securities)6.15.010(3)(b)

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 Washington bankruptcy court statutes.

Back to all State Bankruptcy Exemptions
Go to Complete State of Washington bankruptcy exemptions laws.
Go to Federal Bankruptcy Exemptions

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