In general, a debtor in Maine may claim exemption of his homestead and certain personal property from attachment and execution of a judgment, or in a bankruptcy proceeding. The Maine statutes permit exemption of a debtor's real and personal property which are used by the debtor and his family as a residence in the aggregate value of $50,000.00 or $25,000.00 for a single person. If the debtor or a dependent of the debtor is 60 years of age or older, or disabled the aggregate exempt value may be $120,000.00 or $60,000.00 for a single person.
Some of the items of personal property which may be exempt include:
- motor vehicle, $5,000
- clothing, household furniture and furnishings, musical instruments, etc., that are held primarily for the personal family or household use of the debtor or his dependent, with a value not to exceed $200.00 in each item
- jewelry with an aggregate value not to exceed $750.00
- health aids
- tools of the trade in an aggregate value not to exceed $5,000.00
- personal injury payments, $12,500
- disability benefits
- pension
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