New York allows a debtor filing for bankruptcy to choose between federal and state exemptions.
If the state bankruptcy exemptions are chosen, the debtor is allowed to use the federal non-bankruptcy exemptions to save federal and military retirement accounts, veteran’s benefits etc.
Couples filing joint bankruptcy are allowed to double the exemption limits in the state.
Before going into New York bankruptcy exemptions in details, let us have a look at the steps you need to take during the bankruptcy process:
Homestead exemptions are allowed on the basis of the area or county where the residential house, condominium, co-op or mobile homes are located. The allowed exemptions can be up to:
Up to $4,000 for one motor vehicle, which can expand to $10,000 if it’s equipped for use by a disabled person.
90% of income received within 60 days before and anytime after the bankruptcy filing.
100% pay of a noncommissioned officer, private, or musician in the U.S. (federal) or N.Y. (state) armed forces.
Wedding rings are exempt assets. Watch, jewelry and arts are exempted up to a maximum of $1,000.
Tools and implements used for working and necessary for business are exempted up to $3,000.
$1,000 on any property or cash, if the debtor doesn’t use the allowed homestead exemption.
Most of the personal property exemptions allowed under NY CPLR §5205 may not exceed $10,000 in total
Street Address
US Bankruptcy Court
James T. Foley Courthouse
445 Broadway, Suite 330
Albany, NY 12207
Contact Number:
518-257-1661
Working Hours: Monday-Friday
9:00 a.m. to 4:00 p.m. (excluding Federal Holidays)
Street Address
US Bankruptcy Court
Alexander Pirnie Federal Building
10 Broad Street, Room 230
Utica, NY 13501
Contact Number:
315-793-8101
Working Hours: Monday-Friday
9:00 a.m. to 4:00 p.m. (excluding Federal Holidays)
Street Address
US Bankruptcy Court
James M. Hanley Federal Building
100 South Clinton Street, Suite 315
Syracuse, NY 13261-6100
Contact Number:
315-295-1600
Working Hours: Monday-Friday
9:00 a.m. to 4:00 p.m. (excluding Federal Holidays)
Northern District of New York Bankruptcy Cases - Get detailed information here
Northern District of New York Bankruptcies (filing statistics) - Detailed report
Street Address
Conrad B. Duberstein United States Bankruptcy Courthouse
271-C Cadman Plaza East, Suite 1595
Brooklyn, NY 11201-1800
Contact Number:
347-394-1700
Working Hours: Monday-Friday
9:00 a.m. To 4:30 p.m. (excluding Federal Holidays)
Street Address
Alfonse M. D'Amato United States Courthouse
290 Federal Plaza
Central Islip, NY 11722
Contact Number:
631-712-6200
Working Hours: Monday-Friday
9:00 a.m. to 4:30 p.m. (excluding Federal Holidays)
Eastern District of New York Bankruptcy Cases - Get an overview
Eastern District of New York Bankruptcies - Detailed report
Street Address
Alexander Hamilton Custom House
One Bowling Green, Room 615-3
New York, NY 10004-1408
Contact Number:
212-668-2870
Working Hours: Monday-Friday
8:30 a.m. to 5:00 p.m. (excluding Federal Holidays)
Street Address
United States Courthouse
355 Main Street, 1st Floor
Poughkeepsie, NY 12601
Contact Number:
845-452-4200
Working Hours: Monday-Friday
8:30 a.m. to 5:00 p.m. (except Federal Holidays)
Street Address
Charles L. Brieant, Jr. United States Courthouse
300 Quarropas Street, 2nd Floor, Room 248
White Plains, NY 10601-4150
Contact Number:
914-390-4060
Working Hours: Monday-Friday
8:30 a.m. to 5:00 p.m. (excluding Federal Holidays)
Southern District of New York Bankruptcy Cases - List of recent cases
Southern District of New York Bankruptcies - Detailed report
Street Address
Olympic Towers
300 Pearl Street, Suite 250
Buffalo, NY 14202
Contact Number:
716-362-3200
Street Address
U.S. Courthouse
Kenneth B. Keating Federal Building
100 State Street
Rochester. NY 14614
Contact Number:
585-613-4200
Street Address
Genesee County Courthouse
7 Main Street
3rd Floor Courtroom
Batavia, NY 14020
Street Address
Niagara Falls Municipal Complex
1925 Main Street
2nd Floor Hearing Room
Niagara Falls, NY 14305
Street Address
Cattaraugus County Courthouse
1 Leo Moss Drive
Olean, NY 14760
Street Address
Gerace Office Building
Legislative Chambers
3rd Floor Courtroom
North Erie Street
Mayville, NY 14757
Street Address
Schuyler County Courthouse
105 9th Street
Watkins Glen, NY 14891
Western District of New York Bankruptcy Cases - List of cases
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