Rhode Island Bankruptcy Exemptions
What property can you keep when filing Chapter 7 in Rhode Island?
Federal exemption option available: Rhode Island allows debtors to choose between state exemptions or the federal bankruptcy exemption schedule. You must pick one complete set.
Rhode Island Homestead Protection
$500,000
Rhode Island protects up to $500,000 of equity in your primary residence from creditors.
Rhode Island Exemption Table
2025/2026 figures — Chapter 7 bankruptcy
How to Claim Exemptions in Rhode Island
To claim your Rhode Island bankruptcy exemptions, you must list each exempt asset on Schedule C of your bankruptcy petition. You may choose between Rhode Island's state exemptions or the federal bankruptcy exemptions — you cannot mix and match. A bankruptcy preparer can help you determine which set of exemptions better protects your assets — all claims are subject to court approval.
How does Rhode Island compare to other states?
Use the side-by-side comparison tool to see which state offers more protection for your assets.
Frequently Asked Questions
How much home equity can I protect in Rhode Island bankruptcy?
Rhode Island's homestead exemption protects up to $500,000 of your home's equity. If your equity exceeds this amount, the Chapter 7 trustee may sell your home — though in practice, most filers don't exceed this limit.
Can I keep my car when filing bankruptcy in Rhode Island?
Rhode Island's vehicle exemption protects up to $12,350 in car equity. If your car is worth less than this (or your equity after the loan balance is within this limit), you can typically keep it. If you're financing the car, you may also reaffirm the debt to keep it regardless of equity.
Are retirement accounts protected in Rhode Island bankruptcy?
Yes — Rhode Island protects Unlimited in qualified retirement accounts. This includes 401(k), 403(b), IRA, and pension accounts. Retirement assets are among the strongest-protected assets in bankruptcy across all 50 states.
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Non-Attorney Notice: JustiPal™ is a document preparation service — not a law firm. Exemption amounts shown are for educational purposes and reflect general 2025/2026 figures. Individual results depend on your specific assets, equity calculations, and applicable state law. Consult a licensed bankruptcy attorney for legal advice specific to your situation.