Federal Exemptions
The following federal exemptions are selected in lieu of the Texas state
exemptions. If you select this set of exemptions, you may not use any of the Texas exemptions or the other
federal exemptions that supplement the Texas exemptions. Nate that the dollar amount limits for these exemptions are adjusted upward every three years commencing April 1, 1998. 11 U.S.C. § 104(b).
| ASSET
|
DESCRIPTION
|
STATUTE
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| Alimony
|
Alimony and child support needed for support
|
11 U.S.C. § 522(d)(10)(D)
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| Homestead
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Real property, including co-op or mobile home, to $17,425
|
11 U.S.C. § 522(d)(1) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Insurance
|
Disability, illness or unemployment benefits
|
11 U.S.C. § 522(d)(10)(C)
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| Insurance
|
Life insurance payments for person who depend on debtor, needed for support
|
11 U.S.C. § 522(d)(11)(C)
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| Insurance
|
Life insurance policy with a loan value, in accrued dividends or interest, to $9,300
|
11 U.S.C. § 522(d)(8) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Insurance
|
Unmatured life insurance contract, except credit insurance policy
|
11 U.S.C. § 522(d)(7)
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| Pensions
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ERISA qualified benefits needed for the support of the debtor and the debtor’s dependents
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11 U.S.C. § 522(d)(10)(E)
|
| Personal Property
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Animals, crops, clothing, appliances, books, furnishings, household goods, musical instruments to $450 per item, $9,300 total
|
11 U.S.C. § 522(d)(3) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Personal Property
|
Health aids
|
11 U.S.C. § 522(d)(9)
|
| Personal Property
|
Jewelry to $1,150
|
11 U.S.C. § 522(d)(3) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Personal Property
|
Lost earnings
|
11 U.S.C. § 522(d)(11)(E)
|
| Personal Property
|
Motor vehicle to $2,775
|
11 U.S.C. § 522(d)(2) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Personal Property
|
Personal injury recoveries to $17,425 exclusive of pain and suffering loss
|
11 U.S.C. § 522(d)(11)(D) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Personal Property
|
Wrongful death recoveries for person upon whom the debtor depended upon
|
11 U.S.C. § 522(d)(11)(B)
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| Public Benefits
|
Crime victim compensation
|
11 U.S.C. § 522(d)(11)(A)
|
| Public Benefits
|
Public assistance
|
11 U.S.C. § 522(d)(10)(A)
|
| Public Benefits
|
Social security
|
11 U.S.C. § 522(d)(10)(A)
|
| Public Benefits
|
Unemployment compensation
|
11 U.S.C. § 522(d)(10)(A)
|
| Public Benefits
|
Veteran's benefits
|
11 U.S.C. § 522(d)(10)(A)
|
| Tools of the Trade
|
Implements, books, and tools of the trade to $1,750
|
11 U.S.C. § 522(d)(6) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
|
| Wild Card
|
Any asset to $925 plus up to $8,725 of any unused portion of the homestead exemption pursuant to this section or 11 U.S.C. § 522(d)(1).
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11 U.S.C. § 522(d)(11)(D) (dollar amounts adjusted pursuant to 11 U.S.C. § 104(b))
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Boyd•Veigel, P.C., is proud to represent clients in Plano, Allen, Frisco, McKinney, The Colony, Lewisville, Greenville,
Dallas, Richardson, Arlington, Addison, Mesquite, Rockwall, Carrollton, Sachse, Collin County, Dallas County, Denton County, Hunt County,
and all surrounding areas.
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