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.
|Washington Homestead||Real property or manufactured home to $125,000; unimproved property intended for residence to $15,000||6.13.010; 6.13.030|
|Wages||Minimum 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|
|Automobile||Up to $2,500 ($5,000 for 2 automobiles for community)||6.15.010(3)(c)|
|Other property||Disability proceeds, avails, or benefits||48.36A.180|
|Child support payments||6.15.010(3)(d)|
|Appliances, furniture, household goods, home and yard equipment to $2,700 total ($5.400 for community)||6.15.010(3)(a)|
|Library, office furniture, office equipment, and supplies of physician, surgeon, attorney, clergy, or other professional to $5,000 total||6.15.010(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.