Alabama Bankruptcy Exemptions
Homestead
6-10-2 - Real property or mobile home, up to $5,000. Property can't exceed
160 acres.
6-10-20 - Must record homestead declaration.
Personal Property
6-10-5 - A burial place and a church pew or seat.
6-10-6 - Clothing, books, family portraits and pictures, and $3,000 of any
other personal property (except wages).
Wages
5-19-15; 6-10-7 - 75% of earned but unpaid wages. Judge may approve more for
low-income debtors.
Pensions
11 U.S.C. §522(b)(3)(C) - Tax exempt retirement accounts.
11 U.S.C. §522(b)(3)(C)(n) - Traditional and Roth IRAs up to $1,095,000 per
person.
12-18-10 - Judges.
16-25-23 - Teachers.
36-21-77 - Law enforcement officers.
36-27-28 - State employees.
Public Benefits
15-23-15 - Crime victims' compensation.
25-4-140 - Unemployment compensation.
25-5-86 - Workers' compensation:
31-7-2 - Southeast Asian War POW's benefits.
38-4-8 - Aid to blind, aged, and disabled.
Tools of Trade
31-2-78 - Arms, uniforms, and equipment required to be kept by state
military personnel.
Insurance
6-10-8 & 27-14-29 - Life insurance proceeds.
27-14-31 - Disability proceeds up to an average of $250 per month.
27-14-32 - Annuities up to $250 per month.
27-15-26 - Life insurance, if policy prohibits use to pay creditors.
27-30-25 - Mutual aid association benefits.
27-34-27 - Fraternal benefit society benefits.