Rhode Island State Exemption List

Federal and State Exemptions Allowed

In the state of Rhode Island, you can choose either the federal bankruptcy exemption list or the State of Rhode Island Bankruptcy Exemption List. There may be certain federal supplemental exemptions you can use if you choose the Rhode Island Bankruptcy Exemption List. All exemptions should be discussed with your Rhode Island Bankruptcy Attorney.

Rhode Island has created bankruptcy exemptions to allow you to maintain enough public benefits, wages, personal property and insurance to start over after filing bankruptcy in Rhode Island. There may be certain residency requirements to use the State of Rhode Island Bankruptcy Exemption List.

The following table will outline the Rhode Island Bankruptcy Exemptions. Some of your property or assets may not have a matching exemption.

Exemptions Exemption Amount Statutes
Homestead $300,000 occupied or intended to be occupied as primary residence. 9-26-4.1
Personal Property Consumer cooperative association holdings up to $50. 7-8-25
  All motor vehicles up to $10,000 total; clothing needed; furniture, beds and bedding, household goods and supplies up to $8,600 total; jewelry up to $1,000 total; books up to $300 total; burial plot; debt owed to you which is secured by a promissory note or bill of exchange; and prepaid tuition accounts. 9-26-4

Earned but unpaid wages up to $50; wages of spouse; earned but unpaid wages of a seaman, or if you have received welfare during the year prior to filing for bankruptcy; wages paid to the poor by a charitable organization; earnings of a minor child.

  Earned but unpaid wages of a military member on active duty. 30-7-9
 Pensions Tax exempt retirement accounts; Traditional and Roth IRAs up the $1,095,000 per person. 11 U.S.C. § 522
  ERISA-qualified benefits; IRAs and Roth IRAs. 9-26-4
  Police officers and firefighters 9-26-5
  Private employees. 28-17-4
  State and municipal employees 36-10-34
Public Benefits Crime victim's compensation 12-25.1-3
  Workers' compensation 28-33-27
  State disability benefits 28-41-32
  Unemployment compensation 28-44-58
  Veterans' disability or survivor benefits. 30-7-9
  General assistance; aid to blind, aged, and disabled 40-6-14
  Family assistance benefits 40-5.1-15
Tools of the Trade

Working tools up to $1,200; library of a professional in practice.

Insurance Life insurance proceeds if policy prohibits use to pay creditors. 27-4-12
  Fraternal benefit society benefits. 27-25-18
  Temporary disability insurance 28-41-32
  Accident or illness proceeds, benefits, dividends, interest, loan, cash, or surrender value 27-18-24
Miscellaneous Business partnership property. 7-12-36
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