- In Vermont, you may elect to use the Federal Bankruptcy Exemptions in place of the Vermont state exemptions if you choose to do so.
- You may also opt to use the Federal Supplemental bankruptcy exemptions in conjunction with the state bankruptcy exemptions when filing. Please see the Federal supplemental guidelines for more information.
Homestead Exemption
- Real property, mobile home to $75,000; may also claim rents & out-buildings
- Spouse of deceased owner may claim homestead exemption
- Property held as tenancy by the entirety may be exempt against debts owed by only one spouse
Insurance Exemptions
- Annuity contract benefits to $350 per month
- Fraternal benefit society benefits
- Group life insurance benefits
- Disability benefits that supplement life insurance or annuity contract
- Health benefits to $200 per month
- Life insurance proceeds if beneficiary is not the insured
Pensions for municipal and state employees, teachers and other pensions; self-directed accounts to $10,000. Aid for the blind, aged or disabled and AFDC. Social Security and Veteran’s benefits. Unemployment compensation. Worker’s compensation.
Personal Property
- Furnishings, household goods, clothing, books, animals and crops to $2,500 total
- Cow, 2 goats, 10 sheep, 10 chickens, bees & honey, feed to last one winter, ten cords of wood, 5 tons of coal or 500 gallons of oil, 500 gallons of bottled gas, growing crops up to $5,000, plow & ox yoke, yoke of oxen or steers & 2 steers
- Jewelry to $500
- Wedding ring to unlimited value
- Automobile or truck to $2,500
- Bank deposits up to $700
- Stove, heating unit, fridge & freezer, sewing machine and needed major appliances
- Books and tools of trade up to $5,000
- Any personal property up to $400
