This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Bankruptcy Exemption in Rhode Island

Rhode Island’s bankruptcy exemption statute, R.I. Gen. Laws § 9-26-4.1, sets a fixed amount for certain exempt property. The law specifies a verified figure of $50 as the maximum value for one category of exempt assets, meaning a debtor may keep that item if its equity does not exceed this limit. The statute also provides additional exemptions and conditions, all of which are detailed in the official source linked above. The formula for applying this exemption depends on the debtor’s specific asset values and any applicable adjustments. For a precise estimate of how this rule applies to your situation, use the DocketMath calculator, which incorporates the exact statutory figures.

Governing authority

In Rhode Island, the bankruptcy exemption rule is set by R.I. Gen. Laws § 9-26-4.1. The verified packet cites R.I. Gen. Laws § 9-26-4.1 (https://webserver.rilegislature.gov/Statutes/TITLE9/9-26/9-26-4.1.htm).

Rhode Island bankruptcy exemption: the verified value is $50 under R.I. Gen. Laws § 9-26-4.1. The verified packet cites R.I. Gen. Laws § 9-26-4.1 (https://webserver.rilegislature.gov/Statutes/TITLE9/9-26/9-26-4.1.htm).

Estimate your own result: every situation has exceptions that can change the outcome. Use the bankruptcy exemption calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.