Rhode Island Bankruptcy Exemptions
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Get Legal Help Today
Find the right lawyer for your legal issue.
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
| Assets | Exemption | State Statutes |
|---|---|---|
| Homestead | $500,000 in land & buildings you occupy or intend to occupy as a principal residence (husband & wife may not double). | R.I. Gen. Laws § 9-26-4.1 |
| Tenancy by Entirety | Tenancy of the entireties property is shielded from the reach of creditors until the tenancy is dissolved or the debtor spouse survives the non-debtor spouse, but, creditors not only may attach property that is owned as tenants by the entirety, but also may “sell the contingent future expectancy interest which the attachment entails (if anyone can be persuaded to purchase it). | In re Furkes, 65 B.R. 232, 236 (D.R.I.1986); see also In re Bois, 191 B.R. 279, 280 (Bankr.D.R.I.1996); In re Ryan, 282 B.R. 742 (D.R.I 2002) |
| Insurance | Accident or sickness proceeds, avails, or benefits. | R.I. Gen. Laws § 27-18-24 |
| Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors. | R.I. Gen. Laws § 27-4-12 | |
| Temporary disability insurance. | R.I. Gen. Laws § 28-41-32 | |
| Fraternal benefit society benefits. | R.I. Gen. Laws § 27-25-18 | |
| Misc. | Property of business partnership. | R.I. Gen. Laws § 7-12-36 |
| Earnings of a minor child. | R.I. Gen. Laws § 9-26-4 (9) | |
| Pensions & Retirement Savings | ERISA-qualified benefits. | R.I. Gen. Laws § 9-26-4 (12) |
| Firefighters. | R.I. Gen. Laws § 9-26-5 | |
| IRAs (all types). | R.I. Gen. Laws § 9-26-4 (11) | |
| Police officers. | R.I. Gen. Laws § 9-26-5 | |
| Private employees. | R.I. Gen. Laws § 28-17-4 | |
| State & municipal employees. | R.I. Gen. Laws § 36-10-34 | |
| Personal Property | Beds, bedding, furniture, household goods, & supplies, to $9,600 total (husband & wife may not double). | R.I. Gen. Laws § 9-26-4 (3) In re Petrozella, 247 B.R. 591 (R.I. 2000) |
| Bibles and books to $300. | R.I. Gen. Laws § 9-26-4 (4) | |
| Burial plot. | R.I. Gen. Laws § 9-26-4 (5) | |
| Clothing. | R.I. Gen. Laws § 9-26-4 (1) | |
| Consumer cooperative association holdings to $50. | R.I. Gen. Laws § 7-8-25 | |
| Debt secured by promissory note or bill of exchange. | R.I. Gen. Laws § 9-26-4 (7) | |
| Jewelry to $2,000. | R.I. Gen. Laws § 9-26-4 (14) | |
| Motor vehicles to $12,000. | R.I. Gen. Laws § 9-26-4 (13) | |
| Prepaid tuition program or tuition savings account. | R.I. Gen. Laws § 9-26-4 (15) | |
| Public Benefit | Aid to blind, aged, disabled; general assistance. | R.I. Gen. Laws § 40-6-14 |
| Crime victims’ compensation. | R.I. Gen. Laws § 12-25.1-3 (b)(2) | |
| State disability benefits. | R.I. Gen. Laws § 28-41-32 | |
| Unemployment compensation. | R.I. Gen. Laws § 28-44-58 | |
| Veterans’ disability or survivors’ death benefits. | R.I. Gen. Laws § 30-7-9 | |
| Workers’ compensation. | R.I. Gen. Laws § 28-33-27 | |
| Tools of Your Trade | Library of practicing professional. | R.I. Gen. Laws § 9-26-4 (2) |
| Working tools to $2,000. | R.I. Gen. Laws § 9-26-4 (2) | |
| Wages | Earned but unpaid wages due military member on active duty. | R.I. Gen. Laws § 30-7-9 |
| Earned but unpaid wages due seaman. | R.I. Gen. Laws § 9-26-4 (6) | |
| Earned but unpaid wages to $50. | R.I. Gen. Laws § 9-26-4 (8)(iii) | |
| Wages paid by charitable organization or fund providing relief to the poor. | R.I. Gen. Laws § 9-26-4 (8)(i) | |
| Wages of spouse & minor children. | R.I. Gen. Laws § 9-26-4 (9) | |
| Wages of any person who had been receiving public assistance are exempt for 1 year after going off of relief. | R.I. Gen. Laws § 9-26-4 (8)(ii) | |
| Wildcard | $6,500. | R.I. Gen. Laws § 9-26-4 (16) |
Resources:
Rhode Island Bankruptcy Attorneys
Get Legal Help Today
Find the right lawyer for your legal issue.
Secured with SHA-256 Encryption
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.