Tennessee Bankruptcy Exemptions

Tennessee bankruptcy exemptions are also mandatory. It means the debtors in this state do not have an option to replace the state-specific exemptions with the federal set of exemptions. However, you can use the federal supplemental exemptions in addition to the exemptions offer under the Tennessee bankruptcy laws.


You can exempt any property of your choice up to a maximum value of $4000 in the wildcard exemptions. The exemptible properties in this category include cash deposits in a bank account or in accounts opened with other financial institutions.


Tennessee bankruptcy exemptions can be availed for wages as per the following provisions.

- Thirty times of the minimum hourly wage allowed under federal laws or at least 3/4th of earned but unpaid weekly wages, whichever is greater.
- Besides that, you can also exempt an additional $2.50 per child per week.
- If your weekly or monthly income is considerably very low, the court may offer you a much higher exemption (it can even be unlimited in some cases).

Tools Of Trade

You can keep tools of trade, books, and implements up to a maximum value of $1900.

Public benefits

Different types of public benefits are also exemptible. You can avail Tennessee bankruptcy exemptions in full for workers’ compensation, veterans’ benefits, unemployment compensation, social security, relocation assistance payments, old-age assistance, local public assistance, aid to disabled, and aid to blind. Besides that, up to $5000 can be exempted in Crime victims’ compensation.

Personal Assets And Properties

The following provisions are applicable when it comes to exemptions of personal assets and properties.

- Up to $10,000 in wrongful death recoveries and up to $7,500 in Personal injury recoveries, but the maximum value must not exceed $15000 in aggregate total.
- Lost future earnings if payable to the debtor or to someone who the debtor depended on.
- 100% of health aids
- 100% of clothing and storage containers
- Up to one acre in burial plot
- Besides that, you are also allowed to keep all of family pictures, & portraits, schoolbooks, and Bible.

Retirement Savings And Pensions

You can avail Tennessee bankruptcy exemptions in full for the following types of retirement savings and pensions.

- Pensions to State & local government employees
- Pensions to Public employees.
- Medical and health savings accounts
- Teachers pensions
- Roth IRAs, IRAs, and other ERISA-qualified benefits


Tennessee bankruptcy laws allow you to exempt certain types of properties in the miscellaneous category also. As per the laws, you can keep 100% of Educational prepayment plans and trust funds. Besides that child support and alimony payments are also completely safe provided the payments owed for at least one month prior to bankruptcy filing.


Tennessee bankruptcy exemptions can be availed in full for the following types of insurance policies and proceeds.

- Life insurance or annuity
- Fraternal benefit society benefits
- Illness or disability benefits
- Disability, health, and accident benefits


The following provisions apply when it comes to exemptions of homestead properties.

- Exemptions in this category can be claimed by the child or spouse of the deceased owner
- If you are holding any property as tenancy by the entirety, you can get the same exempted but against the debts owed by only one spouse.
- If spouse is 62 years or older, the maximum exemption limit is $25000
- If the debtor is over 62 years of age and is married, the exemption limit is $20000
- If the debtor is over 62 years of age and is not married, the maximum exemption limit is $12500
- If at least one dependent child is a minor, the maximum exemption limit is $25000
- For join owners, the maximum exemption limit is $7500
- If none of the above conditions apply, you can claim only $5000 as homestead exemptions in Tennessee.

As you can see, there are plenty of different factors that are taken into account in order to determine Tennessee bankruptcy exemptions, you are advised to discuss your case with an expert Tennessee bankruptcy attorney for more detailed and accurate information.

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