An Act amending Title 42 (Judiciary and Judicial Procedure) of the Pennsylvania Consolidated Statutes, in judgments and other liens, providing for bankruptcy exemption.

Summary

The bill adds a new section to the state’s judicial code allowing individuals or married couples filing for bankruptcy in Pennsylvania to elect a state exemption schedule. It sets dollar limits for home equity, personal property, and vehicles, and lists many types of income and benefits that are fully exempt. The amounts will be adjusted for inflation every three years.

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