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ABOUT CHAPTER 7
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THE CHAPTER 7 DISCHARGE
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HOW CHAPTER 13 WORKS
THE CHAPTER 13 DISCHARGE
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Tennessee Bankruptcy Exemptions   TN Bankruptcy Exemptions

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Tennessee Code unless noted.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

$5,000 of equity in your home. The exemption increases to $7,500 for joint owners and to $25,000 if you have at least one minor child who is a dependent.

If you are 62 or older, you can exempt up to $12,500 of equity in your home, $20,000 if you are married, and $25,000 if your spouse is also 62 or older.

26-2-301

INSURANCE

Accident, health or disability benefits for resident and citizen of Tennessee

Disability or illness benefits

Fraternal benefit society benefits

Homeowners insurance proceeds to $5000

26-2-110


26-2-111(1) ( C)

56-25-1403

26-2-304

MISC.

Alimony owed for 30 days before filing for bankruptcy

Property of business partnership

26-2-111(1) (E)


61-1-124

PENSIONS

ERISA-qualified benefits

Public employees

State & local government employees

Teachers

26-2-111(1) (D)

8-36-111

26-2-104

49-5-909

PERSONAL PROPERTY

Bible, schoolbooks, pictures, portraits, clothing & storage containers

Burial plot to 1 acre

Health aids

Lost earnings payments for you or person you depended on

Personal injury recoveries to $7500 (not to include pain and suffering); wrongful death recoveries to $10,000 (you cant exempt more than $15,000 total for personal injury, wrongful death & crime victims compensation)

26-2-103

26-2-305, 46-2-102

26-2-111(5)

26-2-111(3)


26-2-111(2) (B)

26-2-111(2) ( C)

PUBLIC BENEFITS

Aid to blind

Aid to disabled

Crime victims’ compensation to $5000 (see personal property)

Local public assistance

Old-age assistance

Social security

Unemployment compensation

Veterans benefits

Workers compensation

71-4-117

71-4-1112

26-2-111(2) (A), 29-13-111

26-2-111(1) (A)

71-2-216

26-2-111(1) (A)

26-2-111(1) (A)

26-2-111(1) (B)

50-6-223

TOOLS OF TRADE

Implements, books & tools of trade to $1900

26-2-111(4)

WAGES

Minimum 75% of earned but unpaid wages, plus $2.50 per week per child; bankruptcy judge may authorize more for low-income debtors

26-2-106

26-2-107

WILD CARD

$10,000 of any personal property

26-2-102



Tennessee Bankruptcy Courts  TN Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.

BANKRUPTCY COURTS NUMBER OF COPIES
Eastern District
Chattanooga Division
P.O. Box 1189
343 U.S. Courthouse
Chattanooga, TN 37402
Telephone: (423) 752-5163

Knoxville Division
1st Tennessee Plaza, Ste. 1501
Knoxville, TN 37929
Telephone: (423) 545-4279

contact clerks office
Middle District
Second Floor, Customs House
701 Broadway
Nashville, TN 37203
Telephone: (615)736-5584

contact clerks office
Western District
Eastern Division
111 South Highland, Room 107
Jackson, TN 38302
Telephone: (901) 424-9751

Western Division
200 Jefferson Avenue, Room 413
Memphis, TN 38103
Telephone: (901) 544-3202

contact clerks office

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