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Automatically apply the Providence County expense standards, and Rhode Island income standards to your means test calculation.

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Rhode Island Bankruptcy Exemptions
A quick summary of the main exemptions under Rhode Island law.

Rhode Island Bankruptcy Exemptions for 2020

Updated: 2020-08-27 by

Rhode Island Exemptions Summary:

Homestead

$500,000 in land & buildings you occupy or intend to occupy as a principal residence

Vehicle Exemption

Motor vehicles to $12,000

Personal Property

Clothing
Beds, bedding, furniture, household goods, & supplies, to $9,600 total (husband & wife may not double)
Bibles & books to $300
Consumer cooperative association holdings to $50
Jewelry to $2,000
Working tools to $1,500
Library of practicing professional

Wild Card

$5,000

 

You may also be interested in:

  • What are Bankruptcy Exemptions?

    Every state has laws that designate certain types of property (your home, some personal possessions, tools of your trade) that are off-limits to "unsecured" creditors. Some states give you the option of using the Federal bankruptcy exemptions.

  • Where do I file for bankruptcy?

    Bankruptcy is federal law and you file in the local Federal District Bankruptcy Court. Find out yours.

  • Which State's Exemptions Must You Use?

    If you have lived in your state for two years prior to filing, use your state's exemptions. If you've lived in your state for less than two years, the rules are more complicated...

Automatically apply the Providence County expense standards, and Rhode Island income standards to your means test calculation.

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