Errata: Federal Bankruptcy Exemption for Life Insurance Policy

The dollar amount that may be exempted for "Life insurance policy with loan value in accrued dividents or interest" should be $12,250.

Appendix A of How to File for Chapter 7 Bankruptcy and Appendix A of The New Bankruptcy contain an error in the list of federal bankruptcy exemptions. The dollar amount that may be exempted for "Life insurance policy with loan value in accrued dividents or interest" should be $12,250. It is incorrectly listed as $11,525.

You can find the current dollar amounts for the federal bankruptcy exemptions in Nolo's article The Federal Bankruptcy Exemptions.