Site Notice: ****Special Holiday Hours: Hours of operation for Monday September 7th 9am-2pm EST****
Site Maintenance: On 06/06/2012 between 11 PM EST to 1 AM EST the site and its related services will undergo scheduled maintenance.

Connecticut Bankruptcy Exemptions

The chart below contains a summary of Connecticut state bankruptcy exemptions and other relevant statutory laws.
Click here for complete State of Connecticut bankruptcy exemptions laws.

Note: Federal bankruptcy exemptions are available.
Click here for Federal Bankruptcy Exemptions

Personal exemptions allowed by Connecticut Bankruptcy Law

Note: Under the 2005 bankruptcy law, almost all types of tax-exempt retirement accounts are exempt in bankruptcy whether state or Federal exemptions are used. Exemptions for 401(k)s, 403(b)s, profit-sharing and money purchase plans, and defined benefit plans include the entire account amounts. However, with traditional and Roth IRAs, the exemption is limited to a total value of $1,171,650 per person for all accounts held by the debtor (not per account). The total value amount is adjusted every three years for inflation. The relevant statutes: 11 U.S.C. §522(d)(12) for Federal bankruptcy exemptions; 11 U.S.C. §522(b)(3)(C) for state bankruptcy exemptions.

ASSET EXEMPTION LAW
Connecticut Homestead Real property (including mobile or manufactured home) to $75,000. Applies only to claims arising after 1993. Note: Up to $125,000 where a money judgment is for services provided at a hospital. 52-352a(e); 52-352b(t)
Wages Minimum 75% of earned but unpaid weekly disposable earnings or 40 times the state or Federal hourly minimum wage (whichever is greater) 52-361a(f)
Automobile Up to $3,500 52-352b(j)
Other property Life insurance proceeds or avails 38a-453
Child support; alimony (to extent wages exempt) 52-352b(h); 52-352b(n)
Appliances, food, clothing, furniture, bedding 52-352b(a)
Wedding and engagement rings 52-352b(k)
Burial plot 52-352b(c)
Tools, books, instruments, and farm animals 52-352b(b)
Wildcard $1,000 of any property 52-352b(r)

Note: While this reference information is current as of October 2010, it may not reflect the most up-to-date exemption figures on official state of Connecticut bankruptcy court statutes.

Back to all State Bankruptcy Exemptions
Go to Complete State of Connecticut bankruptcy exemptions laws.
Go to Federal Bankruptcy Exemptions

Connecticut Bankruptcy Court links :

*The use of partners trademarks are not intended to imply endorsement of these products.

Ready to Start? Call us at 1(888)214-7773