Judgments and Bankruptcy: What are The State Exemptions for Alabama?
Alabama is pretty strict about not giving non-residents exemptions during bankruptcy proceedings or for paying creditors judgments owed. For bankruptcy and judgment enforcement, Alabama counts you as a non resident if you haven’t lived there for full two years, putting you in a legal limbo if you’ve not lived in Alabama that long: you may have to end up taking federal exemptions (which are not as generous). This is a general guide to what you can claim as exemptions to protect you from creditors: there are many exceptions, depending on how long you’ve lived in the state, your criminal background, and whether your exemptions are vital for support.
- Homestead exemption: $5,000 in home equity and up to 160 acres.
- Burial places and church pews: any lot your own as a burial site for you or your family, and any pew or church seat for you or your family’s use.
- Personal property: up to $3,000.
- Clothing: all “necessary” clothing (plus family pictures and books).
- Life insurance: personal/family life insurance is exempt under most circumstances.
- Crops: crops cannot be taken to pay debts (except for rent, advances, or labor).
Related posts:
- Bankruptcy and Judgments: What are the State Exemptions for Colorado?
- Bankruptcy and Judgments: What are the State Exemptions for Wyoming?
- Judgments: What are the State Exemptions for West Virginia?
- Bankruptcy and Judgments: What are the State Exemptions for Wisconsin?
- Bankruptcy and Judgments: What are the State Exemptions for South Dakota?
