| ASSET |
EXEMPTION DESCRIPTION |
LAW SECTION |
| HOMESTEAD |
Real property or mobile home to $50,000
(does not double for joint debtors); sale proceeds exempt for 6 months |
55-1001, 55-1002, 55-1003, 55-1003 |
| |
Must record homestead exemption for property
that is not yet occupied |
55-1004 |
| INSURANCE |
Annuity contract proceeds to $350 per month |
41-1836 |
| |
Death or disability benefits |
11-604(1)(a), 41-1834 |
| |
Fraternal benefit society benefit |
41-3218 |
| |
Group life insurance benefits |
41-1835 |
| |
Homeowners? insurance proceeds to amount
of homestead exemption |
55-1008 |
| |
Life insurance proceeds if clause prohibits
proceeds from being used to pay beneficiary?s creditors |
41-1930 |
| |
Life insurance proceeds or avails for beneficiary
or other than the insured |
11-604(d), 41-1833 |
| |
Medical, surgical or hospital care benefits |
11-603(5) |
| MISC.
|
Alimony, child support needed for support |
11-604(1)(b) |
| |
Liquor licenses |
23-514 |
| |
Property of business partnership |
53-325 |
| PENSIONS
also see wages
|
ERISA-qualified benefits |
55-1101 |
| |
Firefighters |
72-1422 |
| |
Police officers |
50-1517 |
| |
Public employees |
59-1317 |
| |
Other pensions needed for support; payments
can?t be mixed with other money |
11-604(1)(e) |
| PERSONAL PROPERTY |
Appliances, furnishings, books, clothing,
pets, musical instruments, 1 firearm, family portraits and sentimental
heirlooms to $500 per item, $5,000 total |
11-605(1) |
| |
Building materials |
45-514 |
| |
Burial plots |
11-603(1) |
| |
Crops cultivated by debtor on maximum 50
acres, to $1,000; includes water rights of 160 inches |
11-605(6) |
| |
Health aids needed |
11-603(2) |
| |
Jewelry to $1000 |
11-605(2) |
| |
Motor vehicle to $3,000 |
11-605(3) |
| |
Personal injury recoveries needed for support |
11-605(1)(c) |
| |
Proceeds for damaged exempt property for
3 months after proceeds received |
11-606 |
| |
Wrongful death recoveries needed for support |
11-604(1)(c) |
| |
one firearm up to $500 |
11-605(7) |
| PUBLIC BENEFITS |
Aid to blind, aged, disabled, AFDC |
56-223 |
| |
Federal, state and local public assistance |
11-603(4) |
| |
General assistance |
56-223 |
| |
Social security |
11-603(3) |
| |
Unemployment compensation |
11-603(6) |
| |
Veterans? benefits |
11-603(3) |
| |
Workers? compensation |
72-802 |
| TOOLS OF TRADE |
Arms, uniforms and accourtrements that
peace officer, national guard or military personnel is required to keep |
11-605(5) |
| |
Implements, books and tools of trade to
$1,500 |
11-605(3) |
| WAGES |
Minimum 75% of earned but not paid wages,
pension payments; bankruptcy judge may authorize more for low-income
debtors |
11-207 |
| Wild Card |
aggregate interest in any
tangible personal property up to $800 |
11-605(10) |
