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WAGE GARNISHMENT EXEMPTION: 100% of wages exempt MAXIMUM INTEREST RATE: Legal: 6% Judgment: 6% STATUTE OF LIMITATIONS ON ENFORCEMENT: Open Account (credit card): 4 years Written Contract: 4 years Domestic Judgment: 5 years Foreign Judgment: 4 years BAD CHECK LAW DAMAGES: Triple damages equal to $100 or three times check amount, whichever is greater, up to $500 BANKRUPTCY PROPERTY EXEMPTIONS (Pennsylvania Consolidated Statutes Ann.) Can claim either the state exemptions below or the federal exemptions The State of Pennsylvania has exempted the property and income below from seizure by the bankruptcy court to pay creditors: Real Property: None. Personal Property: Bibles, schoolbooks, sewing machine, clothing, unlimited amount [42-8124(a)(1)-(3)]; equipment and uniforms required for military use, unlimited amount [42-8124(a)(4)] Insurance / Annuities: Fraternal society benefits, unlimited amount [40-1142-403 and 42-8124(c)(8)]; accident or disability benefits, unlimited amount [42-8124(c)(7)]; group life insurance policy or proceeds, unlimited value [42-8124(c)(5)]; insurance or annuity payments if insured is beneficiary, up to $100 per month [42-8124(c)(3)]; life insurance policy proceeds if policy prohibits proceeds being used to pay creditors, unlimited amount [42-8214(c)(4)]; insurance annuity policy proceeds or cash value if beneficiary is insured's spouse, child or dependent, unlimited amount [42-8124(c)(6)]; automobile insurance proceeds (no-fault), unlimited amount [42-8124(c)(9)] Pensions / Retirement Plans: City employees, unlimited amount [53-13445, 53-23572 and 53-39383]; state employees, unlimited amount [71-5953]; county employees, unlimited amount [16-4716]; municipal employees, unlimited amount [53-881.115]; police officers, unlimited amount [53-764, 53-776, 53-23666]; public school employees, unlimited amount [24-8533]; private retirement benefits deposited more than one year before filing bankruptcy [?] Public Benefits / Entitlements: Unemployment compensation, unlimited amount [42-8124(a)(10) and 43-863]; workers' compensation, unlimited amount [42-8124(c)(2)]; crime victim's compensation, unlimited amount [71-180-7.10]; veterans' benefits, unlimited amount [51.20012 and 51-20098] Wages: Earned but unpaid wages, unlimited amount [42-8127] Miscellaneous: Business partnership property, unlimited amount [15-8342]; any property up to $300 [42-8123] |
Debt > State Statutes > Pennsylvania |
Debt > State Statutes > Pennsylvania |
Wage Garnishment and Bankruptcy Exemptions -- Pennsylvania |
WAGE GARNISHMENT EXEMPTION: 100% of wages exempt MAXIMUM INTEREST RATE: Legal: 6% Judgment: 6% STATUTE OF LIMITATIONS ON ENFORCEMENT: Open Account (credit card): 4 years Written Contract: 4 years Domestic Judgment: 5 years Foreign Judgment: 4 years BAD CHECK LAW DAMAGES: Triple damages equal to $100 or three times check amount, whichever is greater, up to $500 BANKRUPTCY PROPERTY EXEMPTIONS (Pennsylvania Consolidated Statutes Ann.) Can claim either the state exemptions below or the federal exemptions The State of Pennsylvania has exempted the property and income below from seizure by the bankruptcy court to pay creditors: Real Property: None. Personal Property: Bibles, schoolbooks, sewing machine, clothing, unlimited amount [42-8124(a)(1)-(3)]; equipment and uniforms required for military use, unlimited amount [42-8124(a)(4)] Insurance / Annuities: Fraternal society benefits, unlimited amount [40-1142-403 and 42-8124(c)(8)]; accident or disability benefits, unlimited amount [42-8124(c)(7)]; group life insurance policy or proceeds, unlimited value [42-8124(c)(5)]; insurance or annuity payments if insured is beneficiary, up to $100 per month [42-8124(c)(3)]; life insurance policy proceeds if policy prohibits proceeds being used to pay creditors, unlimited amount [42-8214(c)(4)]; insurance annuity policy proceeds or cash value if beneficiary is insured's spouse, child or dependent, unlimited amount [42-8124(c)(6)]; automobile insurance proceeds (no-fault), unlimited amount [42-8124(c)(9)] Pensions / Retirement Plans: City employees, unlimited amount [53-13445, 53-23572 and 53-39383]; state employees, unlimited amount [71-5953]; county employees, unlimited amount [16-4716]; municipal employees, unlimited amount [53-881.115]; police officers, unlimited amount [53-764, 53-776, 53-23666]; public school employees, unlimited amount [24-8533]; private retirement benefits deposited more than one year before filing bankruptcy [?] Public Benefits / Entitlements: Unemployment compensation, unlimited amount [42-8124(a)(10) and 43-863]; workers' compensation, unlimited amount [42-8124(c)(2)]; crime victim's compensation, unlimited amount [71-180-7.10]; veterans' benefits, unlimited amount [51.20012 and 51-20098] Wages: Earned but unpaid wages, unlimited amount [42-8127] Miscellaneous: Business partnership property, unlimited amount [15-8342]; any property up to $300 [42-8123] |
Debt Kit -- Settle unsecured debts for less than half of amount owed Credit Kit -- Improve credit rating and reduce monthly payments by $200+ |
