http://www.batasnatin.

com/law-library/civil-law/obligations-
and-contracts/826-concurrence-and-preference-of-credits-
articles-2236-2251.html

AS A RULE, A DEBTOR IS LIABLE WITH ALL HIS PROPERTY,

PRESENT AND FUTURE, FOR THE FULFILLMENT OF HIS
OBLIGATIONS

EXEMPT PROPERTY

1. Present property-Articles 152, 155, 205(Family Code);

Section 13 Rule 39 of the Rules of Court; Section 118
of CA 141

2. Future propertythose related to the insolvency of a

debtor

3. Property in custodia legis and of public dominion

Art. 152. The family home, constituted jointly by the husband

and the wife or by an unmarried head of a family, is the
dwelling house where they and their family reside, and
the land on which it is situated.

Art. 155. The family home shall be exempt from

execution, forced sale or attachment except:
(1) For nonpayment of taxes;
(2) For debts incurred prior to the constitution of the
family home;
(3) For debts secured by mortgages on the premises before or
after such constitution; and
(4) For debts due to laborers, mechanics, architects, builders,
materialmen and others who have rendered service or
furnished material for the construction of the building.

Art. 205. The right to receive support under this Title as well
as any money or property obtained as such support shall
not be levied upon on attachment or execution.

Sec. 13. Property exempt from execution.

Except as otherwise expressly provided by law, the
following property, and no other, shall be exempt from
execution:
(a) The judgment obligor's family home as provided by law, or
the homestead in which he resides, and land necessarily used
in connection therewith;
(b) Ordinary tools and implements personally used by
him in his trade, employment, or livelihood;
(c) Three horses, or three cows, or three carabaos, or
other beasts of burden such as the judgment obligor may
select necessarily used by him in his ordinary occupation;
(d) His necessary clothing and articles for ordinary
personal use, excluding jewelry;
(e) Household furniture and utensils necessary for
housekeeping, and used for that purpose by the judgment
obligor and his family, such as the judgment obligor may
select, of a value not exceeding one hundred thousand pesos;
(f) Provisions for individual or family use sufficient for
four months;
(g) The professional libraries and equipment of
judges, lawyers, physicians, pharmacists, dentists,
engineers, surveyors, clergymen, teachers, and other
professionals, not exceeding three hundred thousand pesos in
value;
(h) One fishing boat and accessories not exceeding the
total value of one hundred thousand pesos owned by a
fisherman and by the lawful use of which he earns his
livelihood;
(i) So much of the salaries, wages, or earnings of the
judgment obligor of his personal services within the four
months preceding the levy as are necessary for the support of
his family;
(j) Lettered gravestones;
(k) Monies benefits, privileges, or annuities accruing or in any
manner growing out of any life insurance;
(l) The right to receive legal support, or money or
property obtained as such support, or any pension or gratuity
from the Government;
(m) Properties specially exempt by law.
But no article or species of property mentioned in his
section shall be exempt from execution issued upon a
judgment recovered for its price or upon a judgment of
foreclosure of a mortgage thereon.