New York - new bankruptcy exemptions

New York just increased homestead exemption to $150,000 for an individual and $300,000 for a couple from $50,000 which was raised in 2005 from $10,000.


Cash exemption was doubled to $5,000; auto exemption went from $2,400 to $4,000; tools of trade was quintupled to $3,000; aggregate personal property exemption was doubled to $10,000.


You can read about the new, New York exemptions here:



New York Bankruptcy Exemptions Suddenly Increased – This Is the Biggest Bankruptcy News in Years!

http://longislandbankruptcyblog.com/york-bankruptcy-exemptions-suddenly-increased-biggest-bankruptcy-news-years/


and here



The New, New York Bankruptcy Exemption Statutes for 2011

http://longislandbankruptcyblog.com/new-york-bankruptcy-exemption-statutes-for-2011/