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NY Exemptions vs. Federal Exemptions

Part 4 of 5

CONCEPT NY EXEMPTION FEDERAL EXEMPTION
Alimony, support and maintenance. Exempt to the extent reasonably necessary for the support of debtor and his dependents. Exempt to the extent reasonably necessary to support debtor and dependents.
Pension, profit sharing and stock bonus plans. Fully exempt.
Personal injury claims. Exempt up to $10,250.00. Exempt up to $31,575.00.
Payment for loss of future earnings. Exempt to the extent necessary for support of debtor or dependents. Exempt to the extent reasonably necessary to support debtor or dependents.
Claim for damage to exempt personal property. Unlimited exemption for one year after the collection of the judgment.
Rent or utilities deposit. Unlimited exemption. Fully exempt.
Workers Compensation or Disability Benefits. Unlimited, except as against order for support.
Illness-related benefits or Unemployment Benefits. Unlimited exemptions.
Partners right to partnership property. Unlimited exemption if claim made against partner; not exempt as to any claim made against the partnership.
Public Assistance. Unlimited exemption.
Earnings of person receiving public assistance. Unlimited exemption, as long as debtor is receiving public assistance.
Volunteer ambulance workers benefits, volunteer firefighters benefits, police pension fund, teacher's pension. Unlimited exemption.
IRAs, Keogh Plans, 401k Plan. Unlimited exemption.
Trust created by someone other than the debtor (spendthrift trusts). Unlimited exemption.

Sources

This information is general and is not legal advice. Amounts are adjusted periodically; consult an attorney about your case.

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