An Act amending Title 42 (Judiciary and Judicial Procedure) of the Pennsylvania Consolidated Statutes, in judgments and other liens, providing for bankruptcy exemption.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill amends Pennsylvania law to clarify and expand bankruptcy exemptions for individuals and married couples. It allows debtors to choose between federal exemptions or a set of Pennsylvania-specific exemptions, including protection for a primary residence, personal property up to $50,000 or $100,000, certain debts like taxes and utility bills, and specific items like burial plots and Social Security benefits. The bill also includes exemptions for federal assistance programs and certain awards.
Key provisions
- Allows debtors to choose between federal and Pennsylvania bankruptcy exemptions.
- Provides for an exemption of up to $650,000 for a primary residence.
- Establishes a $50,000 or $100,000 exemption for personal property (depending on filer status).
- Includes exemptions for certain debts, such as taxes, domestic support obligations, and utility bills.
- Protects health aids like wheelchairs and hearing aids.
- Offers exemptions for current wages and benefits.
- Provides exemptions for Social Security benefits and college savings plans.
- Includes exemptions for specific federal assistance programs.
Who is affected
- Individuals facing bankruptcy proceedings
- Married couples filing jointly
- Homeowners
- Individuals with debt
- Pennsylvania residents
Notable changes
Bill text
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Document of record
- Version
- Pn 2988 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Benjamin Sanchez
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