On this page you can find all of the exemptions for Rhode Island. Exemptions are the property that you can keep when you file bankruptcy.
CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead consisting of land & buildings used as principal residence
$500,000
R.I. Gen. Laws §9-26-4.1(a)
Motor Vehicle
Motor Vehicles
$12,000
R.I. Gen. Laws § 9-26-4(13)
Wild Card
Wild card exemption in any asset
$5,000
R.I. Gen. Laws § 9-26-4(16)
Wages / Wage Garnishment
Wages or salary of debtor who has been on state, federal or local relief during past year
100% (exemption lasts for 1 year after debtor goes off relief)
R.I. Gen. Laws § 9-26-4(8)(ii)
Wages / Wage Garnishment
Salary or wages of debtor due or payable from any welfare director or from any public charity, if the funds are for relief of poor or unemployed
100%
R.I. Gen. Laws § 9-26-4(8)
Wages / Wage Garnishment
Wages of sailor
100%
R.I. Gen. Laws § 9-26-4(6)
Wages / Wage Garnishment
Wages and salary of wife and minor children of debtor
100%
R.I. Gen. Laws § 9-26-4(9)
Wages / Wage Garnishment
Wages or salary of any other debtor
$50
R.I. Gen. Laws § 9-26-4(8)(iii)
Insurance
Fraternal Benefit Society benefits
100%
R.I. Gen. Laws § 27-25-18
Insurance
Proceeds, avails and benefits of accident and sickness insurance
100%
R.I. Gen. Laws § 27-18-24
Insurance
Proceeds of life or endowment insurance and annuity contracts where contract or policy so provides
100% (exemption applies to beneficiary only)
R.I. Gen. Laws § 27-4-12
Insurance
Disability insurance benefits
100%
R.I. Gen. Laws § 28-41-32
Insurance
Proceeds and avails of life insurance policies not payable to insured
100%
R.I. Gen. Laws § 27-4-11
Personal Property
Necessary wearing apparel
100%
R.I. Gen. Laws § 9-26-4(1)
Personal Property
Body of a deceased male or a female
100%
R.I. Gen. Laws § 9-26-3 & 9-25-17
Personal Property
Consumers cooperative membership
$50
R.I. Gen. Laws § 7-8-25
Personal Property
Jewelry
$2,000
R.I. Gen. Laws § 9-26-4(14)
Personal Property
Debts secured by bills of exchange or negotiable promissory notes
100%
R.I. Gen. Laws § 9-26-4(7)
Personal Property
One lot or right of burial in cemetery
100%
R.I. Gen. Laws § 9-26-4(5)
Personal Property
Bibles, school books and other books
$300
R.I. Gen. Laws § 9-26-4(4)
Personal Property
Household furniture and family stores of housekeeper
$9,600
R.I. Gen. Laws § 9-26-4(3)
Pensions / Retirement Accounts
Assets and distributions from Individual Retirement Account qualified under IRC
100% of qualified amounts (support claims excepted)
R.I. Gen. Laws §9-26-4(11)
Pensions / Retirement Accounts
Employees' trust under GL § 28-17-1
100%
R.I. Gen. Laws § 28-17-4
Pensions / Retirement Accounts
Policeman and firemen pension funds and benefits
100%
R.I. Gen. Laws § 9-26-5
Pensions / Retirement Accounts
Public employee retirement benefits
100%
R.I. Gen. Laws § 36-10-34
Pensions / Retirement Accounts
Annuity, pension, profit-sharing, or other retirement plan protected by ERISA
100% of qualified amounts (support claims excepted)
R.I. Gen. Laws § 9-26-4(12)
Tools of the Trade
Professional library of professional man in actual practice
100%
R.I. Gen. Laws § 9-26-4(2)
Tools of the Trade
Working tools used in occupation
$1,500
R.I. Gen. Laws § 9-26-4(2)
Public Benefits
Employment security benefits
100% (support claims excepted)
R.I. Gen. Laws § 28-44-58
Public Benefits
Pay and allowance of militiaman
100%
R.I. Gen. Laws § 30-7-9
Public Benefits
Public assistance payments
100%
R.I. Gen. Laws § 40-6-14
Public Benefits
Workmen's compensation benefits
100% (support claims excepted)
R.I. Gen. Laws § 28-33-27
Miscellaneous
Property in a Revocable Living Trust
100%
R.I. Gen. Laws § 44-3-38
Miscellaneous
Assets of a delinquent insurer
100%
R.I. Gen. Laws § 27-14.4-16
Miscellaneous
Real property of redevelopment agency
100%
R.I. Gen. Laws § 45-31-23
Miscellaneous
Assets of members of the general assembly
100%
R.I. Gen. Laws § 22-4-2
Miscellaneous
Specific partnership property
100% of partner's interest
R.I. Gen. Laws § 7-12-36
Tuition Savings Account
Prepaid tuition savings accounts
100% (support claims excepted)
R.I. Gen. Laws § 9-26-4(15)
If you want to learn more about filing bankruptcy in Rhode Island please visit our FAQ Page or for more information about Rhode Island you can visit the Rhode Island section.
