New Jersey Bankruptcy Exemptions
Personal Property
2A:17-19 - Clothing; goods, personal property, and stock or interest in
corporations up to $1,000 total.
2A:26-4 - Household good and furniture up to $1,000.
45:27-21 - Burial plots.
Wages
2A:17-56 - 90% of earned but unpaid wages if your annual income is less than
250 percent of the federal poverty level. If income is higher, 75%.
38A:4-8 Military personnel wages and allowances.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
A:9-57.6 - Civil defense workers.
18A:66-51 - Teachers.
18A:66-116 - School district employees.
25:2-1 - Trust containing personal property if it was created pursuant to
federal tax law.
43:6A-41 - Judges.
43:7-13 - Prison employees.
43:8A-20 - Alcohol beverage control officers.
43:10-57 & 43:10-105 - County employees.
43:13-9 - City workers' ERISA-qualified benefits.
43:13-44 - Municipal employees.
43:15A-53 - Public employees.
43:16-7 & 43:16A-17 - Police officers, firefighters, and traffic officers.
43:18-12 - City boards of health employees.
43:19-17 - Street and water department employees.
53:5A-45 - State police.
Public Benefits
34:15-29 - Workers' compensation.
43:21-53 - Unemployment compensation.
44:7-35 - Old-age, permanent disability assistance.
Insurance
A:9-57.6 - Civil defense workers' disability, death, medical or hospital
benefits.
17:18-12 & 17B:24-8 - Health and disability benefits.
17B:24-6b - Life insurance proceeds, dividends, interest, loan, cash, or
surrender value, if not the insured.
17B:24-7 - Annuity contract proceeds up to $500 per month.
17B:24-9 - Group life or health policy or proceeds.
17B:24-10 - Life insurance proceeds if policy prohibits use to pay
creditors.
38A:4-8 - Military member disability or death benefits.
Miscellaneous
42:1A-27 - Business partnership property.