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Home > Consumer Laws > Bankruptcy > Alabama Bankruptcy

Alabama Bankruptcy

Alabama Bankruptcy Exemption
Homestead:
The dwelling house including mobile home of the inhabitant up to the maximum quantum of $5,000 and in area 160 acres.

Note: Personal exemptions are to be filed in the probate court.

Private Assets:
Personal belongings except salary, remunerations, rewards and other earnings up to the maximum quantum of $3,000.

Personal Services or Wages:
Salary, remunerations, and rewards are exempted for private services up to the extent of 75%.

Insurance:
Benefit or proceeds of insurance relating to disabilities contracts are exempted up to $250 per month.

Total or Absolute Exemptions for:
  • Properties of partnership firms
  • Retirement benefits of teachers
  • Peace officers
  • state employees
  • Benefits under workmen's compensation laws
  • Costs of public assistance
  • Growing or uncollected crops are all fully exempted property
  • Burial ground, pew or seat in favor of any resident of the state and place of worship
 
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