Alabama Bankruptcy Law
This page on Alabama bankruptcy law focuses specifically on exemptions. Exemptions are determined by state law, and therefore they vary (sometimes considerably) from state to state.
There are also federal exemptions pursuant to the U.S. Bankruptcy Code. Some states give debtors an option to choose between either state or federal exemptions.
In Alabama, only state exemptions are allowed.
Common Alabama Bankruptcy Exemptions
| Homestead | $5,000 homestead exemption; when a husband and wife jointly own a homestead each is entitled to claim separately the exemption |
| Automobile | No specified automobile exemption |
| Household Goods |
Personal property to the amount of $3,000 in value |
| Books & Art Objects | See "Household Goods" |
| Wearing Apparel |
See "Household Goods" |
| Furs & Jewelry | See "Household Goods" |
| Tools of the Trade | No specified exemption |
Click here to search for common bankruptcy exemptions under Title 6 of the Alabama Code.
For more information regarding bankruptcy law in Alabama, including advice regarding which exemptions will protect your property, contact an Alabama bankruptcy lawyer.
Visit the Alabama Bankruptcy Resources Page for Related Information
From Alabama Bankruptcy Law, Return to USA-Bankruptcy-Guide Home
       
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