Bankruptcy Lawyers Plano TX | Federal Bankruptcy Exemptions | Bankruptcy Attorneys in Plano

PLANO BANKRUPTCY LAWYERS

Specializing in Chapter 7 & Chapter 13 Bankruptcy Law

Our Plano bankruptcy law firm offers free initial consultations via phone or in person. To obtain your Free Consultation, simply complete the short form to the right of the page, or call:  

(972) 578-1400

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  DeMARCO MITCHELL, PLLC
  1255 West 15th Street #805
  Plano , TX , 75075
  (972) 578-1400
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Federal Bankruptcy Exemptions

Bankruptcy Law Office Plano TX

 

 

DeMARCO•MITCHELL, PLLC, your Plano bankruptcy attorneys, wants you to know about additional Federal bankruptcy exemptions. Read on and then schedule your Free Legal Consultation online or call: (972) 578-1400. Our experienced bankruptcy attorneys will provide you with guidance based upon your individual circumstance.

 

Additional Federal Exemptions

 

The following Federal exemptions serve as a supplement to the Texas exemption laws. Please note that the following exemptions DO NOT supplement the Federal bankruptcy exemptions set forth in section 522(d) of the United States Bankruptcy Code.

 

Asset Description Statute
Clothing Seamen's Clothing 46 U.S.C. § 11110
Death and Disability Government Employees 5 U.S.C. § 8130
Death and Disability Longhshoreman and Harbor Workers 33 U.S.C. § 916
Death and Disability War Risk Hazard - Death or Injury 42 U.S.C. § 1717
Klamath Settlement Klamath Indians Residing in Oregon 25 U.S.C. § 543 and 25 U.S.C. § 545
Life Insurance Military Group Life Insurance 38 U.S.C. § 1970(g)
Military Savings Military Deposits in Savings Accounts While on Permanent Duty Overseas 10 U.S.C. § 1035(g)
Retirement Benefits CIA Employees 50 U.S.C.§ 403
Retirement Benefits Foreign Service Employees 22 U.S.C. § 4060
Retirement Benefits Military Service Employees 10 U.S.C. § 1440
Retirement Benefits Railroad Workers 45 U.S.C. § 231m
Retirement Benefits Social Security 42 U.S.C. § 407
Retirement Benefits Veterans 38 U.S.C. § 5301
Retirement Benefits Medal of Honor Recipients 38 U.S.C. § 1562
Retirement Benefits Civil Service Employees 5 U.S.C. § 8346
Seamen’s Wages Seamen’s Wages, While At Sea and Pursuant to a Written Contract 46 U.S.C. § 11111
Survivor’s Benefits Judges; US Court Directors; etc. 28 U.S.C. § 376
Survivor’s Benefits Lighthouse Workers 33 U.S.C. § 775
Survivor’s Benefits Military Service 10 U.S.C. § 1450
Unemployment Insurance Railroad Worker’s Unemployment Insurance 45 U.S.C. § 352(e)
Unpaid Wages 75% of Earned and Unpaid Wages  15 U.S.C. § 1673
Miscellaneous Numerous assets exempt from IRS levy, including clothing, tools of the trade, provisions, unemployment compensation, and workmen’s compensation 26 U.S.C. § 6334

 


 

Professional Affiliations

 
State Bar of Texas

State Bar of Texas
State Bar of California

State Bar of California

Dallas Bar Association
American Bankruptcy Institute

American Bankruptcy Institute
Collin County Bar Association

Collin County Bar Association
National Association Bankruptcy Attorneys

National Association of Consumer Bankruptcy Attorneys