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Home > Consumer Laws > Bankruptcy > Maryland Bankruptcy

Maryland Bankruptcy

Maryland Bankruptcy Exemption
Real Estate Property:
Can be exempted up to the extent of $ 5,000.

Other Property or Hard Cash:
Liquid money or cash are exempted up to the extent of $ 6,000.

Wages:
The greater among 75 % of the disposable earnings or 30 times the federal minimum hourly wage rate.

Professional Books and Tools:
Professional books and tools can get exemption up to the extent of $ 5,000.

Household Goods:
Furniture, pets, apparels, and other primary household goods held for regular use by the debtor or his/her dependents.

Total or Absolute Exemptions for:
  • Specific partnership interest.
  • Burial plots.
  • Professionally prescribed health aids.
  • Death, injury, illness or accident compensation benefits.
  • Death, injury, illness or accident compensation benefits.
  • Fraternal Benefit & Social Benefits.
  • Old age assistance and unemployment insurance benefits.
  • Retirement plan benefits.
  • Benefits of IRA qualified investments.
  • Life insurance proceeds to the dependent of the debtor.
  • Teacher's and workmen's compensation benefits.
 
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