

The Essential Washington Bankruptcy Information Guide
Washington, WA Bankruptcy Exemptions
BANKRUPTCY FEDERAL EXEMPTIONS ARE AVAILABLE.
All law references are to Washington, WA Bankruptcy Code.All property of the debtor at the time of the filing for bankruptcy (and certain other property to be received in the future) becomes the property of the bankruptcy estate once bankruptcy is filed. This means that the bankruptcy trustee will take control of this property for purposes of satisfying the creditors. HOWEVER, there is certain property which is either excluded or exempt which the debtor will be able to keep. Property or asset exemption are determined based upon your specific situation, personal income and the individual laws of your state.
The best way to determine which property you will be entitled to keep requires a detailed analysis of your unique and personal situation. Although the following Federal and State Bankruptcy Asset Exemption is provided for your information, we highly recommend Finding a Good Bankruptcy Attorney to help guide you through the Bankruptcy Process.
All law references are to Washington, WA Code.
| ASSET | EXEMPTION DESCRIPTION | LAW SECTION |
Homestead |
Real property or mobile home to $40,000 ( no limit if seeking to discharge debt based on failure to pay a state income tax assessed on retirement benefits received while a resident of Washington, 6.15.030) Must file homestead declaration before sale of home if property unimproved or home unoccupied |
6.13.010,6.13.030 6.15.040 |
Personal Property |
Appliances, furniture, household goods & home yard equipment to $2700 total (no limit on any property located within Washington if seeking to discharge debt based on failure to pay a state income tax assessed on retirement benefits received while a resident of Washington, 6.15.025) Books to $1500 Burial plots sold by nonprofit cemetery association Clothing, no more than $1000 in furs, jewelry, ornaments Food and fuel for comfortable maintenance Keepsakes & pictures 1 motor vehicle for each individual to $2500 total (2 motor vehicles as community property of spouses two motor vehicles to $5000 total) Professionally prescribed health Personal bodily injury payments- |
6.15.010(3) (a) 6.15.010(2) 68.20.120 6.15.010(1) 6.15.010(3) (a) 6.15.010(2) 6.15.010(3) ( c) 6.15.010(3)(e) 6.15.010(3)(f) |
Insuranc |
Annuity contract proceeds to $250 per month Disability proceeds, avails or benefits Fire insurance proceeds for destroyed exemption Fraternal benefit society benefits Group life insurance policy or proceeds Life insurance proceeds or avails if beneficiary is not the insured |
48.18.430 48.18.400 6.15.030 48.36A.180 48.18.420 48.18.410 |
Miscellaneous |
Property of business partnership |
25.04.250 |
Pensions |
City employees ERISA-qualified benefits IRAs Public employees State patrol officers Volunteer firefighters |
41.28.200 6.15.020 6.15.020 41.40.380 43.43.310 41.24.240 |
Public Benefits |
Child welfare Crime victims’ compensation General assistance Industrial insurance (workers’ compensation) Old-age assistance Unemployment compensation Child Support |
74.13.070 7.68.070, 51.32.040 74.04.280 51.32.040 74.08.210 50.40.020 6.15.010(3)(d) |
Tools of Trade |
Farm trucks, stock, tools, seed, equipment & supplies of farmer to $5000 total Library, office furniture, office equipment & supplies of physician, surgeon, clergy or other professional to $5000 total Tools & materials used in another’s trade to $5000 |
6.15.010(4) (a) 6.15.010(4) (b) 6.15.010(4) ( c) |
Wages |
Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors |
6.27.150 |
Wild Card |
$2000 of any personal property (no more than $200 in cash, bank deposits, bonds, stocks & securities) |
6.15.010(3) (b) |

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