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| Attention: All 94-bankruptcy
districts charge the same filing fees. Chapter 7: $306 Chapter 13: $281 |
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VERMONT EXEMPTION LISTRemember, you may use Federal Exemptions; however, you cannot mix and match exemptions from the federal bankruptcy code and state law. You must choose one system or the other! How to use this table of exemptions, by Attorney Thomas A. Prediletto. The following is a summary of the Vermont exemptions that can be claimed (used) to exempt both your real and personal property in a bankruptcy petition. Vermont residents may use either the Vermont exemptions or the Federal exemptions; however, if your residence has not been continuously in the state of Vermont for the two years prior to filing a bankruptcy petition, there are laws as whether you are able use the state versus federal exemptions. Exempt property of a debtor is property of the debtor that is not available to be used (sold) to pay his/her unsecured creditors and is not subject to the claims of unsecured creditors, but may be subject to the rights of secured creditors and lien holders. When reviewing the list for exemptions for your own property you should be aware that there may not be a “matching” exemption. Some state exemptions contain a “wildcard” which can be used if a matching exemption cannot be found in the list of exemptions. Also, an individual must own an interest in the property to claim the property as exempt. The debtor may exempt the equity (value of property less the total amount owed against it) however; any equity value in the property above the exemption amount may be subject to the claims of unsecured creditors. By way of example, if you own a home worth $250,000 and owe a total of $200,000 against it (combining all mortgage/home equity lines of credit and/or liens against the property) the amount of equity you would need to protect is $50,000. So long as the homestead exemption is more than $50,000 the full amount of the equity is exempt and not subject to the claims of your unsecured creditors. In the alternative, say the home is worth $250,000 and you only owe $100,000 against it, anything over the exemption amount is subject to the claims of the unsecured creditors. The same type example would apply to a motor vehicle, though the exemption for a motor vehicle is less than the amount of the exemption for a home. Please note that all of the exemptions may be doubled if a married couple is filing, with the exception of the homestead exemption. To view Vermont exemption list and amounts available, click here or scroll down the page. To view Vermont Codes, visit Justia US Laws - Vermont Code. |
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| Description | LAW |
Max Individual Amount |
Max Joint Amount |
| Alimony, Support, Maintenance | 12 VSA §2740(19)(d) | $0.00 | |
| Annuity Contract Benefits | 8 VSA § 3709 | $0.00 | |
| Any personal property$400+ up to $7,000 of unused exemptions | 12 VSA § 2740(7) | $7,000.00 | $14,000.00 |
| Bank Deposits | 12 VSA § 2740(15) | $700.00 | $1,400.00 |
| Bees, Hives & Produce | 12 VSA § 2740(12) | $0.00 | |
| Beneficiary’s Interests - Spendthrift Trusts | 8 VSA § 3705 | $0.00 | |
| Benefits Under Municipal Employees Retirement System | 24 VSA § 5066 | $0.00 | |
| Bottled Gas (500 Gals) | 12 VSA § 2740(10) | $0.00 | |
| Cert. Of Title-Vessel, Snowmobile or All-Terrain Vehicle | 23 VSA § 3811 | $0.00 | |
| Certificate Of Title - Motor Vehicle | 23 VSA § 2018 | $0.00 | |
| Crime Victims’ Compensation | 12 VSA §2740(19)(e) | $0.00 | |
| Disability Insurance | 8 VSA § 3707 | $0.00 | |
| Disposable Earnings | 12 VSA § 3170 | $0.00 | |
| Earnings - Minor Child, Married Woman | 12 VSA § 3020(6) | $0.00 | |
| Farm Animals | 12 VSA § 2740(11) | $0.00 | |
| Fire Insurance Proceeds - Exempt Prop. | 12 VSA § 3020(1) | $0.00 | |
| Firewood (10 Cords), Oil (500 Gals) | 12 VSA § 2740(9) | $0.00 | |
| Fraternal Benefit Society Benefits | 8 VSA § 4478 | $0.00 | |
| Growing Crops | 12 VSA § 2740(6) | $5,000.00 | $10,000.00 |
| Harnesses, Halters, Chains, Plow | 12 VSA § 2740(14) | $0.00 | |
| Health Aids | 12 VSA § 2740(17) | $0.00 | |
| Health Insurance Benefits ($200 per month of disability) | 8 VSA § 4086 | $0.00 | |
| Homestead | 27 VSA § 101 | $12,500.00 | $25,000.00 |
| Household Furnishings | 12 VSA § 2740(5) | $2,500.00 | $5,000.00 |
| Jewelry | 12 VSA § 2740(4) | $500.00 | $1,000.00 |
| Jurors and Legislators - Fees, Expenses | 12 VSA § 3020(3)(4) | $0.00 | |
| Life Insurance Contracts - Unmatured | 12 VSA § 2740(18) | $0.00 | |
| Life Insurance Proceeds - Group | 8 VSA § 3708 | $0.00 | |
| Life Insurance Proceeds Due and Payable Held by Company | 12 VSA § 3020(2) | $500.00 | $1,000.00 |
| Monies From Sale Of Exempt Property | 12 VSA § 3023 | $0.00 | |
| Motor Vehicles | 12 VSA § 2740(1) | $2,500.00 | $5,000.00 |
| Oxen, Steers (1 Yoke), Horses (2 Teams) | 12 VSA § 2740(13) | $0.00 | |
| Partnership Property | 11 VSA § 3241 | $0.00 | |
| Pension, Annuity, Profit Sharing Interests | 12 VSA §2740(19)(j) | $0.00 | |
| Personal Injury, Wrongful Death, Loss Of Future Earnings | 12 VSA § 2740(19)(F),(G),(I) | $0.00 | |
| Public Assistance Payments | 33 VSA § 124 | $0.00 | |
| Retirement Accounts - Self Directed | 12 VSA § 2740(16) | $10,000.00 | $20,000.00 |
| Retirement Benefits - Vermont Employees | 3 VSA § 476 | $0.00 | |
| Soc. Sec, Veteran's, Disability Benefits | 12 VSA § 2740(19)(A)-(C) | $0.00 | |
| State Teachers’ Retirement System | 16 VSA § 1946 | $0.00 | |
| Stove, Refrigerator., Sewing Machine, Heater | 12 VSA § 2740(8) | $0.00 | |
| Tools Of Trade - Professional | 12 VSA § 2740(2) | $5,000.00 | $10,000.00 |
| Unemployment Compensation Benefits | 21 VSA § 1367 | $0.00 | |
| Wedding Ring | 12 VSA § 2740(3) | $0.00 | |
| Workmen's Compensation Benefits | 21 VSA § 681 | $0.00 |
