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Tennessee State Economy:

The Tennessee State economy is driven by three major industries: Agriculture, Manufacturing, and Tourism.

Tennessee Bankruptcy Court Locations:

Eastern District of Tennessee-

Chattanooga
United States Bankruptcy Court
Historic U.S. Courthouse 
31 East 11th Street 
Chattanooga, TN 37402-2722 

Middle District of Tennessee:

Nashville
United States Bankruptcy Court
Middle District of Tennessee
701 Broadway, Room 170
Nashville, TN 37203


Western District of Tennessee:

Memphis
200 Jefferson Ave.
Memphis, TN 38103
701 Broadway, Room 170
Nashville, TN 37203

 

Greeneville
United States Bankruptcy Court
James H. Quillen United States Courthouse
220 West Depot Street, Suite 218
Greeneville, TN 37743-4924

 Columbia
Federal Building and Courthouse
815 South Garden St.
Columbia, TN 38401
Greeneville, TN 37743-4924

 

Jackson
111 S. Highland Ave.
Suite 107
Jackson, TN 38301

 

Knoxville
United States Bankruptcy Court
Howard H. Baker Jr. U.S. Courthouse
800 Market Street, Suite 330
Knoxville, TN 37902

 

Cookeville
L. Clure Morton Post Office and Courthouse
9 E Broad St.
Cookeville, TN 38503

 

Winchester
United States Bankruptcy Court
U.S. Post Office & Courthouse
Second Floor Courtroom
200 South Jefferson Street
Winchester, TN 37398

Tennessee Bankruptcy Exemptions:

Homestead Exemption
In Tennessee, you can exempt up to $5,000 of equity in your home. The exemption increases to $7,500 for joint owners and to $25,000 if you have at least one minor child who is a dependent.
If you are 62 or older, you can exempt up to $12,500 of equity in your home, $20,000 if you are married, and $25,000 if your spouse is also 62 or older. §26-2-301.


Personal Property
Bible, school books, family pictures, and portraits. §26-2-104
Burial plot up to 1 acre. §26-2-305; §46-2-102
Clothing. §26-2-104
Health aids. §26-2-111(5)
Health savings accounts. §26-2-105
Personal injury recoveries to $7,500, wrongful death recoveries to $10,000 (but you are limited to $15,000 total for personal injury recoveries, wrongful death recoveries, and crime victims compensation). §26-2-111(2)(B),(C)


Motor Vehicle Exemption
Tennessee doesn’t have a motor vehicle exemption. But you can use the $10,000 wildcard (discussed below) to exempt car equity.
Tools of the Trade
Implements, books, and tools of the trade up to $1,900. 26-2-111(4)


Pensions
Tax-exempt retirement accounts, including 401(k)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined benefit plans. 11 U.S.C. § 522
IRAS and Roth IRAs to $1,283,025. 11 U.S.C. § 522(b)(3)(C)(n); 9-26-4(11)
ERISA-qualified benefits. §26-2-111(d)
Public employees. §8-36-11
State and local government employees. §26-2-105


Public Benefits
Aid to the blind, aged, and disabled. §71-4-117, 1112; §71-2-216
Crime victims’ compensation. §26-2-111(2)(A); 29-13-111
Local public assistance. §26-2-111(1)(A)
Relocation assistance payments. §13-11-115
Social Security. §26-2-111(1)(A)
Unemployment compensation. §26-2-111(1)(A)
Veteran’s benefits. §26-2-111(1)(B)
Workers’ compensation. §50-6-223


Insurance
Accident, health, or disability benefits (you must be a resident of Tennessee). §26-2-110
Disability or illness benefits. §26-2-111(1)(C)
Fraternal society benefits. §56-25-1403
Life insurance or annuity. §56-7-203


Miscellaneous
Alimony or child support that is owed in the 30 days before the bankruptcy filing. §26-2-111(1)(E)
Educational scholarship trust funds and prepayment plans. §49-4-108; §49-7-822


Wildcard Exemption
In Tennessee, you can use the wildcard exemption to exempt up to $10,000 of any personal property. §26-2-103   

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