The Home in Bankruptcy
10 Del. C. § 4914 — up to $200,000 of equity in the home, and $25,000 for a car and for tools
A debtor domiciled in Delaware uses the State's exemptions in bankruptcy, not the federal list, and may keep:
- Equity in a principal residence, or a manufactured home used as one, up to $200,000.
- A vehicle, and tools of the trade needed for work, up to $25,000 each.
- Other personal property or equity up to the amount the section sets, in addition to retirement plans and the other exemptions.
In a joint case the limits apply to each debtor, but the home exemption does not exceed $200,000 in all. The home exemption is not available for debts from securities fraud, or from a crime or wilful misconduct that caused serious injury or death in the preceding 5 years.
A particular bankruptcy is a question for a licensed Delaware attorney.
Sources for this section (1)
- 10 Del. C. § 4914 — Exemptions in bankruptcy and insolvency
Legal information, not legal advice. Verified as of October 2026. Applying it to a particular situation is the work of a licensed Delaware attorney.