Home » Debt Relief » Bankruptcy » Delaware Bankruptcy

Delaware Bankruptcy

Delaware Bankruptcy Exemption
Homestead:
Equity in houses used as the principal place of residence is exempted up to the extent of $ 50,000 .

Other Properties:
Property selected by the debtor is scheduled to get exempt up to the extent of $ 25,000 and in case of joint filing each can claim the amount.

Wages:
Exemption up to 85 % of the salaries and wages which doesn’t include the self-employed personnel.

Annuity Contracts:
Proceeds on annuity contracts can be exempted up to $ 350.

Vehicle:
Exemption of $ 15,000 for employment necessity.

Professional Appliances:
Tools and appliances necessary to carry out profession can get exempt up to $ 15,000

Total or Absolute Exemptions for:
  • Personal property of the head of the family.
  • Sewing machines, apparels, books of school and library.
  • Burial plot and seat in place of worship.
  • Leased musical instruments.
  • Specific interest in partnership property.
  • Fraternal and society benefits.
  • Workmen's compensation benefits.
  • Tenancies by entirety.
  • Kent, Sussex employee's pension benefits.
  • Unemployment benefits.
  • Health and group insurance proceeds.
  • Public assistance benefits and blind aids.
  • State employees benefit plans.

Latest Articles

Popular Articles

Latest from OVLG Blog

Page generated in 0.17 seconds