Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Rhode Island? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Rhode Island-specific information on filing for bankruptcy as well as articles on the various Rhode Island bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Filing for Bankruptcy in Rhode Island (RI)
In this complete guide to filing for bankruptcy in Rhode Island, you’ll learn about the differences between Chapters 7 and 13, debts you can eliminate or "discharge,” property you can keep using Rhode Island bankruptcy exemption laws, and bankruptcy qualification requirements. You'll also learn how to organize and navigate your Rhode Island bankruptcy case using checklists, a link to a DIY bankruptcy quiz, and other helpful resources.
The Rhode Island Homestead Exemption
A homestead exemption protects home equity from creditors. In a Rhode Island bankruptcy, the homestead exemption allows a filer to protect up to $500,000 of home equity.
The Rhode Island Homestead Exemption
A homestead exemption protects home equity from creditors. In a Rhode Island bankruptcy, the homestead exemption allows a filer to protect up to $500,000 of home equity.