Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section522&num=0&edition=prelim
Timestamp: 2019-11-22 20:41:07
Document Index: 301125842

Matched Legal Cases: ['§ 522', '§306', '§283', '§2522', '§108', '§303', '§501', '§4', '§216', '§307', '§2', '§2', '§224', '§216', '§501', '§303', '§283', '§453', '§453']

[USC02] 11 USC 522: Exemptions
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11 USC 522: Exemptions Text contains those laws in effect on November 21, 2019
(1) The debtor's aggregate interest, not to exceed $15,000 1 in value, in real property or personal property that the debtor or a dependent of the debtor uses as a residence, in a cooperative that owns property that the debtor or a dependent of the debtor uses as a residence, or in a burial plot for the debtor or a dependent of the debtor.
(2) The debtor's interest, not to exceed $2,400 1 in value, in one motor vehicle.
(3) The debtor's interest, not to exceed $400 1 in value in any particular item or $8,000 1 in aggregate value, in household furnishings, household goods, wearing apparel, appliances, books, animals, crops, or musical instruments, that are held primarily for the personal, family, or household use of the debtor or a dependent of the debtor.
(4) The debtor's aggregate interest, not to exceed $1,000 1 in value, in jewelry held primarily for the personal, family, or household use of the debtor or a dependent of the debtor.
(5) The debtor's aggregate interest in any property, not to exceed in value $800 1 plus up to $7,500 1 of any unused amount of the exemption provided under paragraph (1) of this subsection.
(6) The debtor's aggregate interest, not to exceed $1,500 1 in value, in any implements, professional books, or tools, of the trade of the debtor or the trade of a dependent of the debtor.
(8) The debtor's aggregate interest, not to exceed in value $8,000 1 less any amount of property of the estate transferred in the manner specified in section 542(d) of this title, in any accrued dividend or interest under, or loan value of, any unmatured life insurance contract owned by the debtor under which the insured is the debtor or an individual of whom the debtor is a dependent.
(D) a payment, not to exceed $15,000,1 on account of personal bodily injury, not including pain and suffering or compensation for actual pecuniary loss, of the debtor or an individual of whom the debtor is a dependent; or
(f)(1) Notwithstanding any waiver of exemptions but subject to paragraph (3), the debtor may avoid the fixing of a lien on an interest of the debtor in property to the extent that such lien impairs an exemption to which the debtor would have been entitled under subsection (b) of this section, if such lien is-
(2)(A) For the purposes of this subsection, a lien shall be considered to impair an exemption to the extent that the sum of-
(4)(A) Subject to subparagraph (B), for purposes of paragraph (1)(B), the term "household goods" means-
(ii) electronic entertainment equipment with a fair market value of more than $500 1 in the aggregate (except 1 television, 1 radio, and 1 VCR);
(iii) items acquired as antiques with a fair market value of more than $500 1 in the aggregate;
(iv) jewelry with a fair market value of more than $500 1 in the aggregate (except wedding rings); and
(n) For assets in individual retirement accounts described in section 408 or 408A of the Internal Revenue Code of 1986, other than a simplified employee pension under section 408(k) of such Code or a simple retirement account under section 408(p) of such Code, the aggregate value of such assets exempted under this section, without regard to amounts attributable to rollover contributions under section 402(c), 402(e)(6), 403(a)(4), 403(a)(5), and 403(b)(8) of the Internal Revenue Code of 1986, and earnings thereon, shall not exceed $1,000,000 1 in a case filed by a debtor who is an individual, except that such amount may be increased if the interests of justice so require.
(p)(1) Except as provided in paragraph (2) of this subsection and sections 544 and 548, as a result of electing under subsection (b)(3)(A) to exempt property under State or local law, a debtor may not exempt any amount of interest that was acquired by the debtor during the 1215-day period preceding the date of the filing of the petition that exceeds in the aggregate $125,000 1 in value in-
(q)(1) As a result of electing under subsection (b)(3)(A) to exempt property under State or local law, a debtor may not exempt any amount of an interest in property described in subparagraphs (A), (B), (C), and (D) of subsection (p)(1) which exceeds in the aggregate $125,000 1 if-
( Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2586 ; Pub. L. 98–353, title III, §§306, 453, July 10, 1984, 98 Stat. 353 , 375; Pub. L. 99–554, title II, §283(i), Oct. 27, 1986, 100 Stat. 3117 ; Pub. L. 101–647, title XXV, §2522(b), Nov. 29, 1990, 104 Stat. 4866 ; Pub. L. 103–394, title I, §108(d), title III, §§303, 304(d), 310, title V, §501(d)(12), Oct. 22, 1994, 108 Stat. 4112 , 4132, 4133, 4137, 4145; Pub. L. 106–420, §4, Nov. 1, 2000, 114 Stat. 1868 ; Pub. L. 109–8, title II, §§216, 224(a), (e)(1), title III, §§307, 308, 313(a), 322(a), Apr. 20, 2005, 119 Stat. 55 , 62, 65, 81, 87, 96; Pub. L. 111–327, §2(a)(17), Dec. 22, 2010, 124 Stat. 3559 .)
-Foreign Service Retirement and Disability payments, 22 U.S.C. 1104; 7
-Social security payments, 42 U.S.C. 407;
-Injury or death compensation payments from war risk hazards, 42 U.S.C. 1717;
-Wages of fishermen, seamen, and apprentices, 46 U.S.C. 601; 8
-Civil service retirement benefits, 5 U.S.C. 729, 2265; 9
-Longshoremen's and Harbor Workers' Compensation Act death and disability benefits, 33 U.S.C. 916;
-Railroad Retirement Act annuities and pensions, 45 U.S.C. 228(l); 10
-Veterans benefits, 45 U.S.C. 352(E); 11
-Special pensions paid to winners of the Congressional Medal of Honor, 38 U.S.C. 3101; 12 and
-Federal homestead lands on debts contracted before issuance of the patent, 43 U.S.C. 175.
2010-Subsec. (b)(3)(A). Pub. L. 111–327, §2(a)(17)(A), substituted "petition to the place" for "petition at the place" and "located in a single State" for "located at a single State".
2005-Subsec. (b). Pub. L. 109–8, §224(a)(1)(B)–(F), designated introductory provisions of subsec. (b) as par. (1), substituted "paragraph (3)" for "paragraph (2)" in two places and "paragraph (2)" for "paragraph (1)" wherever appearing, struck out "Such property is-" after "case is filed.", and struck out former par. (1) which read: "property that is specified under subsection (d) of this section, unless the State law that is applicable to the debtor under paragraph (2)(A) of this subsection specifically does not so authorize; or, in the alternative,".
Subsec. (f)(1)(A). Pub. L. 109–8, §216(2), substituted "a debt of a kind that is specified in section 523(a)(5); or" for "a debt-
"(ii) to the extent that such debt-
2000-Subsec. (c)(4). Pub. L. 106–420 added par. (4).
1994-Subsec. (b). Pub. L. 103–394, §501(d)(12)(A), substituted "Federal Rules of Bankruptcy Procedure" for "Bankruptcy Rules".
Subsec. (f)(1)(A). Pub. L. 103–394, §§303(2), 304(d), redesignated par. (1) as subpar. (A) of par. (1) and inserted ", other than a judicial lien that secures a debt-
1990-Subsec. (c)(3). Pub. L. 101–647 added par. (3).
1986-Subsec. (h)(1). Pub. L. 99–554, §283(i)(1), substituted "553 of this title" for "553 of this tittle".
1984-Subsec. (a)(2). Pub. L. 98–353, §453(a), inserted "or, with respect to property that becomes property of an estate after such date, as of the date such property becomes property of the estate".
Subsec. (c). Pub. L. 98–353, §453(b), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: "Unless the case is dismissed, property exempted under this section is not liable during or after the case for any debt of the debtor that arose, or that is determined under section 502 of this title as if such claim had arisen before the commencement of the case, except-
"(2) a lien that is-
By notice dated Feb. 5, 2019, 84 F.R. 3488, effective Apr. 1, 2019, in subsec. (d)(1), dollar amount "23,675" was adjusted to "25,150"; in subsec. (d)(2), dollar amount "3,775" was adjusted to "4,000"; in subsec. (d)(3), dollar amounts "600" and "12,625" were adjusted to "625" and "13,400", respectively; in subsec. (d)(4), dollar amount "1,600" was adjusted to "1,700"; in subsec. (d)(5), dollar amounts "1,250" and "11,850" were adjusted to "1,325" and "12,575", respectively; in subsec. (d)(6), dollar amount "2,375" was adjusted to "2,525"; in subsec. (d)(8), dollar amount "12,625" was adjusted to "13,400"; in subsec. (d)(11)(D), dollar amount "23,675" was adjusted to "25,150"; in subsec. (f)(3), dollar amount "6,425" was adjusted to "6,825"; in subsec. (f)(4), dollar amount "675" was adjusted to "725" each time it appeared; in subsec. (n), dollar amount "1,283,025" was adjusted to "1,362,800"; in subsec. (p), dollar amount "160,375" was adjusted to "170,350"; and, in subsec. (q), dollar amount "160,375" was adjusted to "170,350". See notice of the Judicial Conference of the United States set out as a note under section 104 of this title.
By notice dated Feb. 16, 2016, 81 F.R. 8748, effective Apr. 1, 2016, in subsec. (d)(1), dollar amount "22,975" was adjusted to "23,675"; in subsec. (d)(2), dollar amount "3,675" was adjusted to "3,775"; in subsec. (d)(3), dollar amounts "575" and "12,250" were adjusted to "600" and "12,625", respectively; in subsec. (d)(4), dollar amount "1,550" was adjusted to "1,600"; in subsec. (d)(5), dollar amounts "1,225" and "11,500" were adjusted to "1,250" and "11,850", respectively; in subsec. (d)(6), dollar amount "2,300" was adjusted to "2,375"; in subsec. (d)(8), dollar amount "12,250" was adjusted to "12,625"; in subsec. (d)(11)(D), dollar amount "22,975" was adjusted to "23,675"; in subsec. (f)(3), dollar amount "6,225" was adjusted to "6,425"; in subsec. (f)(4), dollar amount "650" was adjusted to "675" each time it appeared; in subsec. (n), dollar amount "1,245,475" was adjusted to "1,283,025"; in subsec. (p), dollar amount "155,675" was adjusted to "160,375"; and, in subsec. (q), dollar amount "155,675" was adjusted to "160,375".
By notice dated Feb. 12, 2013, 78 F.R. 12089, effective Apr. 1, 2013, in subsec. (d)(1), dollar amount "21,625" was adjusted to "22,975"; in subsec. (d)(2), dollar amount "3,450" was adjusted to "3,675"; in subsec. (d)(3), dollar amounts "550" and "11,525" were adjusted to "575" and "12,250", respectively; in subsec. (d)(4), dollar amount "1,450" was adjusted to "1,550"; in subsec. (d)(5), dollar amounts "1,150" and "10,825" were adjusted to "1,225" and "11,500", respectively; in subsec. (d)(6), dollar amount "2,175" was adjusted to "2,300"; in subsec. (d)(8), dollar amount "11,525" was adjusted to "12,250"; in subsec. (d)(11)(D), dollar amount "21,625" was adjusted to "22,975"; in subsec. (f)(3), dollar amount "5,850" was adjusted to "6,225"; in subsec. (f)(4), dollar amount "600" was adjusted to "650" each time it appeared; in subsec. (n), dollar amount "1,171,650" was adjusted to "1,245,475"; in subsec. (p), dollar amount "146,450" was adjusted to "155,675"; and, in subsec. (q), dollar amount "146,450" was adjusted to "155,675".