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Exemptions from Creditors
Exemptions from Creditors
March 15, 2008
Under state and federal law, not all property can be taken to satisfy a creditor judgment. This property is known as exempt property. Certain property remains the property of a debtor so individuals can be productive members of society. Additionally, some goods such as used household goods have little value other than to the debtor.
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Exemptions from Creditors - Selected State Laws
FloridaFlorida Statutes Title XV - Homestead and Exemptions
New YorkNew York Laws > Debtor & Creditor > Article 10-A - Personal Bankruptcy Exemptions
North CarolinaNorth Carolina Laws > Chapter 1C > Article 16 - Exempt Property
TexasTexas Codes > Property Code > Title 5 - Exempt Property And Liens
VirginiaVirginia Code Title 34 Homestead and Other Exemptions

 
Homestead Exemptions
Click map for specifics

 
 Homestead exemption is subject to dollar value cap.
 
 Exemption has only an acreage cap
 
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