Bankruptcy by State
Bankruptcy in Rhode Island
How Rhode Island's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$500,000
#5 of 51
Vehicle exemption
$12,000
#5 of 51
Median income (1 person)
$77,653
Chapter 7 means-test threshold
Annual filings
1,187
Year 2025
Rhode Island vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Rhode Island | National median | Rank |
|---|---|---|---|
| Homestead exemption | $500,000 | $90,000 | #5 of 51 |
| Motor vehicle exemption | $12,000 | $7,250 | #5 of 51 |
| Median income (1-person household) | $77,653 | $71,745 | #16 of 51 |
| Median income (4-person household) | $137,479 | $126,058 | #19 of 51 |
| Annual bankruptcy filings | 1,187 | 8,707 | #42 of 51 |