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Bankruptcy in Rhode Island: Exemptions and Filing Guide

State-specific bankruptcy exemptions and filing information for Rhode Island. These exemptions determine what property you can keep when filing Chapter 7 bankruptcy.

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: $500,000.
  • Vehicle exemption: $12,000.
  • Federal exemptions available — you can choose state or federal.
  • Attorney fees: $1,200–$2,000 (Ch. 7) / $3,000–$4,500 (Ch. 13) typical.
$500,000 Homestead exemption
$12,000 Vehicle exemption
Yes Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Rhode Island Bankruptcy Exemptions

  • Homestead$500,000
  • Vehicle$12,000
  • Personal property$8,600 household goods; $2,000 jewelry
  • WildcardNone
  • Federal exemptionsAvailable (can choose)

Means Test: Rhode Island Median Income

To qualify for Chapter 7 in Rhode Island, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

  • 1 person$63,400
  • 2 people$78,800
  • 3 people$91,200
  • 4 people$108,000

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,200–$2,000 (Ch. 7) / $3,000–$4,500 (Ch. 13)
  • Court districtsDistrict of Rhode Island

Rhode Island bankruptcy court

Related Resources

Frequently Asked Questions

  • What is the homestead exemption in Rhode Island?

    Rhode Island provides a $500,000 homestead exemption, which is one of the most generous in the country.

  • Can I choose federal exemptions in Rhode Island?

    Yes. Rhode Island allows debtors to choose between state and federal bankruptcy exemptions.

  • What is the vehicle exemption in Rhode Island?

    Rhode Island provides a $12,000 vehicle exemption under state law.

  • Is my pension protected in Rhode Island bankruptcy?

    Yes. ERISA-qualified plans, state employee pensions, and IRAs are generally protected in Rhode Island.

Legal Disclaimer: FreeNetLaw provides general legal information, not legal advice. The information on this site is not a substitute for consultation with a licensed attorney. Laws vary by jurisdiction and change frequently. Always verify information with official sources and consult a qualified attorney for advice about your specific situation.

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