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Federal Bankruptcy Exemptions
In Pennsylvania, you may choose the following federal exemptions as opposed to the
Pennsylvania exemptions. Married couples may double all exemptions.
| ASSET |
EXEMPTION DESCRIPTION |
LAW SECTION
(11 USC § 522) |
| Homestead |
Real property, including co-op or
mobile home, to $17,450; unused portion of homestead to $8,725
may be applied to any property |
(d)(1) |
| Insurance |
Disability, illness or unemployment
benefits
Life insurance payments for persons who depend on debtor, needed
for support
Life insurance policy with loan value, in accrued dividends or
interest, to $9,300
Unmatured life insurance contract, except credit insurance policy |
(d)(10)(C)
(d)11)(C)
(d)(8)
(d)(7) |
| Miscellaneous |
Alimony, child support needed for
support |
(d)(10(D) |
| Pensions |
ERISA-qualified benefits needed for
support |
(d)(10)(E) |
| Personal property |
Animals, crops, clothing, appliances,
books, furnishings, household goods, musical instruments to $425
per item, $9,300 total
Health aids
Jewelry to $1,150
Lost earnings payments
Motor vehicle to $2,775
Personal injury recoveries to $17,425 (not to include pain and
suffering or pecuniary loss)
Wrongful death recoveries for person debtor depended on |
(d)(3)
(d)(9)
(d)(4)
(d)(11)(E)
(d)(2)
(d)(11)(D)
(d)(11)(B) |
| Public benefits |
Crime victims' compensation
Public assistance
Social Security
Unemployment compensation
Veterans' benefits |
(d)(11)(A)
(d)(10)(A)
(d)(10)(A)
(d)(10)(A)
(d)(10)(A) |
| Tools of trade |
Implements, books & tools of
trade to $1,750 |
(d)(6) |
| Wages |
NONE |
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| WILD CARD |
$925 of any property
Up to $8,725 of unused homestead exemption, for any property |
(d)(5)
(d)(5) |
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