Connecticut Bankruptcy Exemptions
Homestead
52-352b - Real property, including mobile or manufactured home, up to
$75,000. This only applies to claims arising after 1993. In money judgment
cases arising out of services provided at a hospital, up to $125,000.
Personal Property
52-321 - Spendthrift trust funds needed for support.
52-352b - Motor vehicle up to $1,500; food, clothing and health aids;
appliances, furniture and bedding; wedding and engagement rings; burial
plot; residential utility and security deposits for 1 residence; proceeds
for damaged exempt property; transfers made to a nonprofit debt adjustor;
and $1,000 of any property.
Wages
52-361a - Minimum 75% of earned but unpaid wages or 40 times the state or
federal minimum hourly wage; the greater of the two amounts will be used.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional and Roth IRAs
up to $1,095,000 per person.
5-171;5-192w - State employees.
7-446 - Municipal employees.
10-183q - Teachers.
52-321a - Medical savings accounts.
52-352b - ERISA-IRAs, Roth IRAs, Keoghs, and other qualified benefits, but
only to the extent wages are exempt.
Public Benefits
31-272 & 52-352b - Unemployment compensation.
52-352b - Workers' compensation; veterans' benefits; social security; crime
victims' compensation; public assistance.
Tools of Trade
52-352b - Arms, military equipment, uniforms and musical instruments of
military personnel; tools, books, instruments and farm animals needed.
Alimony and Child Support
52-352b - Alimony and child support, to extent wages are exempt.
Insurance
38a-453 - Life insurance proceeds, dividends, interest, or cash or surrender
value:
38a-454 - Life insurance proceeds if policy prohibits use to pay creditors.
38a-637 - Fraternal benefit society benefits.
52-352b - Health and disability benefits; disability benefits paid by
association for its members; unmatured life insurance policy dividends,
interest, or loan value up to $4,000, if you or a person on whom you are
dependent is the person whose life is insured.
Misc.
52-352d - Farm partnership animals and livestock feed that are required to
reasonably run the farm where 50% or more of the partners are from the same
family.