What are the federal bankruptcy exemptions?
In some states, you have the option of using either your state’s exemption system or the federal government’s exemption system. These states are: Arkansas Connecticut Washington D.C. Hawaii Massachusetts Michigan Minnesota New Hampshire New Jersey New Mexico Pennsylvania Rhode Island Texas Vermont Washington Wisconsin These are the federal bankruptcy exemptions: Married couples filing together may double all the following exemptions. These values are adjusted every three years on April 1st to reflect the current Consumer Price Index.
