Current Dollar Amounts Of Exemptions From Enforcement Of Judgments
Enforcement of judgments is a process by which a court order is enforced by a court official, such as a sheriff or marshal. The process typically involves seizing and selling assets owned by the judgment debtor to satisfy the judgment. However, certain assets are exempt from enforcement, meaning they cannot be seized and sold to satisfy a judgment. These exemptions vary by state and can change over time. Here are the current dollar amounts of exemptions from enforcement of judgments in some states:
California
In California, the homestead exemption is $75,000 for individuals, $100,000 for married couples, and $175,000 for those over 65 or disabled. Other exemptions include $5,350 for a car, $3,050 for household goods, and $1,425 for jewelry.
Florida
In Florida, the homestead exemption is unlimited, meaning a judgment creditor cannot force the sale of a debtor's primary residence to satisfy a judgment. Other exemptions include $1,000 for personal property, $1,000 for a car, and $750 for tools of the trade.
Texas
In Texas, the homestead exemption is unlimited for rural residences and up to $160,375 for urban residences. Other exemptions include $60,000 for personal property, $30,000 for a car, and $50,000 for tools of the trade.
New York
In New York, the homestead exemption is $165,550 for properties in New York City and $82,775 for properties elsewhere in the state. Other exemptions include $4,000 for personal property, $2,500 for a car, and $10,000 for tools of the trade.
Illinois
In Illinois, the homestead exemption is $15,000 for individuals and $30,000 for married couples. Other exemptions include $2,400 for personal property, $2,400 for a car, and $4,000 for tools of the trade.
Ohio
In Ohio, the homestead exemption is $145,425. Other exemptions include $3,775 for personal property, $3,775 for a car, and $25,175 for tools of the trade.
Michigan
In Michigan, the homestead exemption is $45,000 for individuals and $90,000 for married couples. Other exemptions include $3,675 for personal property, $3,475 for a car, and $2,775 for tools of the trade.
Georgia
In Georgia, the homestead exemption is $21,500 for individuals and $43,000 for married couples. Other exemptions include $5,000 for personal property, $3,500 for a car, and $1,500 for tools of the trade.
Conclusion
These are just a few examples of the current dollar amounts of exemptions from enforcement of judgments in some states. It's important to consult with an attorney in your state to determine which assets are exempt from enforcement and what the dollar amounts of those exemptions are. Remember, these exemptions can change over time, so it's important to stay up to date on the current law.