- Federal Supplemental bankruptcy exemptions may be used in conjunction with the Tennessee bankruptcy exemptions when filing. Please see the supplemental guidelines for more information.
Homestead Exemption
- Real property up to $5,000, or $7,500 for joint owners.
- Life estate
- Property held as tenancy by the entirety may be exempt against debts owned by one spouse
- Spouse or child of deceased owner my claim the homestead exemption
Insurance Exemption
- Accident, health or disability benefits for a resident or citizen of Tennessee
- Life insurance or annuity for spouse or dependent
- Homeowner's insurance proceeds to $5,000
- Fraternal benefit society benefits
- Disability or illness benefits.
Pensions for public employees, state and local government employees and teachers, ERISA. Aid for the blind, aged or disabled and AFDC. Social Security and old age assistance, Veteran’s benefits. Unemployment compensation. Worker’s compensation.
Personal Property
- Books, Bibles, pictures, clothing and storage containers
- Burial plot up to one acre
- Personal property up to $4,000 of any personal property
