Rhode Island Laws on Wage Garnishments, Statute of Limitations on Debt and Bankruptcy Property Exemptions

WAGE GARNISHMENT EXEMPTION:  Federal law applies

MAXIMUM INTEREST RATE:  Legal: 12%   Judgment: 12% 

STATUTE OF LIMITATIONS ON ENFORCEMENT:

Open Account (credit card): 10 years
Written Contract: 10 years
Domestic Judgment: 20 years
Foreign Judgment: 20 years

BAD CHECK LAW DAMAGES:  Amount of check plus $25 in fees, plus treble (three times) damages up to $1,000

RHODE ISLAND BANKRUPTCY PROPERTY EXEMPTIONS (General Laws of Rhode Island):

Can use either the state exemptions below or the federal exemptions

The State of Rhode Island has exempted the property and income below from seizure by the bankruptcy court to pay creditors:

Real Property:  None
Personal Property: Clothing, amount needed [9-26-4(1)]; library of a professional in practice, unlimited amount and tools used for work up to $500 [9-26-4(2)]; beds and bedding, furniture and household goods, up to $1,000 total [19-26-4(3)]; books and bibles up to $300 [9-26-4(4)]; burial plot, unlimited amount [9-26-4(5)]; debt secured by promissory note, unlimited amount [9-26-4(7)];cooperative association holdings up to $50 [7-8-25]

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Insurance / Annuities:  Accident or sickness proceeds or benefits, unlimited amount [27-18-24]; fraternal society benefits, unlimited amount [27-25-18]; life insurance proceeds if policy prohibits proceeds from being used to pay creditors, unlimited amount [27-4-12]; temporary disability insurance, unlimited amount [28-41-32]

Pensions / Retirement Plans:  Firefighters and police officers, unlimited amount [9-26-5]; IRAs, unlimited amount [9-26-4(11)]; private employees, unlimited amount [28-17-4]; retirement benefits, unlimited amount [9-26-4(12)]; state and municipal employees, unlimited amount [36-10-34]

Insurance / Annuities:  Accident or sickness proceeds or benefits, unlimited amount [27-18-24]; fraternal society benefits, unlimited amount [27-25-18]; life insurance proceeds if policy prohibits proceeds from being used to pay creditors, unlimited amount [27-4-12]; temporary disability insurance, unlimited amount [28-41-32]
Pensions / Retirement Plans:  Firefighters and police officers, unlimited amount [9-26-5]; IRAs, unlimited amount [9-26-4(11)]; private employees, unlimited amount [28-17-4]; retirement benefits, unlimited amount [9-26-4(12)]; state and municipal employees, unlimited amount [36-10-34]
Public Benefits / Entitlements:  Unemployment compensation, unlimited amount [28-44-58]; workers' compensation, unlimited amount [28-33-27]; aid to aged, blind, disabled and families with dependent children, unlimited amount [40-6-14]; general assistance, unlimited amount [40-6-14]; disability benefits, unlimited amount [28-41-32]; veterans' disability or survivors' death benefits, unlimited amount [30-7-9]
Wages: Earned but unpaid wages due a seaman, unlimited amount [9-26-4(6)]; earned but unpaid wages if debtor received welfare during year before filing bankruptcy, unlimited amount [9-26-4(8)(B)(ii)]; earned but unpaid wages up to $50 [9-26-4(8)(C)(iii)]; wages to the needy if paid by a charitable organization, unlimited amount [26-4(8)]; earnings of a minor child or spouse, unlimited amount [9-26-4(9)]; earned but unpaid wages due member of military on active duty, unlimited amt [30-7-9]
Miscellaneous:  Business partnership property [7-12-36]