Idaho Bankruptcy Exemptions

On this page you can find all of the exemptions for Idaho. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead, consisting of dwelling house or mobile home in which debtor resides and the land on which it is located
Lesser of total net value or $100,000
Idaho Code § 55-1003
Motor Vehicle
One motor vehicle
$7,000
Idaho Code § 11-605(3)
Wages / Wage Garnishment
Disposable earnings, earned, unpaid
$1,500/ year
Idaho Code § 11-605(12)
Wages / Wage Garnishment
Disposable earnings (earnings less deductions required by law)
75% or 30 times the federal minimum hourly wage per week WHICHEVER IS GREATER
Idaho Code § 11-207
Insurance
Fraternal Benefits Society benefits
100%
Idaho Code § 41-3218
Insurance
Benefits payable by reason of disability or illness
Amount reasonably necessary for support of debtor and dependents (see note below)
Idaho Code § 11-604(1)(a)
Insurance
Proceeds and avails of life insurance policies payable to person other than the insured
100%
Idaho Code § 41-1833(1)
Insurance
Benefits payable for medical, surgical or hospital care and amounts in a medical savings account under IC § 63-3022K
100%
Idaho Code § 11-603(5)
Insurance
Annuity contract proceeds
$1250 per month
Idaho Code § 41-1836(1)(b)
Insurance
Group life and disability insurance benefits
100%
Idaho Code § 41-1835(1)
Insurance
Disability insurance benefits
100%
Idaho Code § 41-1834
Insurance
Accrued dividends or loan value of unmatured life insurance contract owned by debtor
$5000 (insured must be debtor or person of whom debtor is a dependent)
Idaho Code § 11-605(10)
Insurance
Unmatured life insurance contract other than credit life insurance
100%
Idaho Code § 11-605(9)
Insurance
Proceeds or benefits payable upon death of insured who was spouse of debtor or upon whom the debtor was a dependent
Amount reasonably necessary for support of debtor and dependents (see note below)
Idaho Code § 11-604(1)(d)
Personal Property
Implements, professional books and tools of trade
$2,500
Idaho Code § 11-605(3)
Personal Property
Construction materials
100%
Idaho Code § 45-514
Personal Property
Personal jewelry
$1,000
Idaho Code § 11-605(2)
Personal Property
Proceeds of condemnation, loss, damage or destruction of exempt property for period of 3 months after receipt by debtor
Amount of exemption given for lost, damaged or destroyed property
Idaho Code § 11-606
Personal Property
Family portraits and heirlooms
$750 per item
Idaho Code § 11-605(1)(c)
Personal Property
Tangible personal property
$800
Idaho Code § 11-605(11)
Personal Property
Wearing apparel, animals, books and musical instruments held for personal use of debtor or his dependents
$750 per item
Idaho Code § 11-605(1)(b)
Personal Property
One firearm
Less than $750
IDAHO CODE § 11-605(8)
Personal Property
Household furnishings, household goods, and appliances held primarily for personal, family, or household use
$750 per item
Idaho Code § 11-605(1)(a)
Personal Property
Food and water provisions sufficient for 12 months, storage, & shelves
100%
Idaho Code § 11-605(4)
Personal Property
Proceeds of claims for bodily injury of debtor or for bodily injury or wrongful death of person of whom debtor was or is a dependent
Amount reasonably necessary for support of debtor and dependents (see note below)
Idaho Code § 11-604(1)(c)
Personal Property
Necessary health aids
100%
Idaho Code § 11-603(2)
Personal Property
Crops growing or grown on 50 acres of land leased, owned or possessed by debtor cultivating same
$1,000
Idaho Code § 11-605(7)
Personal Property
Water rights for irrigation of lands actually cultivated by debtor
160 inches of water
Idaho Code § 11-605(7)
Personal Property
Burial plot
100%
Idaho Code § 11-603(1)
Pensions / Retirement Accounts
Federal pension benefits
100% (support claims excepted)
Idaho Code § 11-604A(2)
Pensions / Retirement Accounts
Policemen's retirement and death benefits
100%
Idaho Code § 50-1517
Pensions / Retirement Accounts
Firemen's retirement benefits
100%
IDAHO CODE §72-1422
Pensions / Retirement Accounts
Public employee's retirement fund benefits
100% (support claims excepted)
IDAHO CODE §59-1317
Pensions / Retirement Accounts
Assets of Qualified Employee Benefit Plans and IRAs
100% (support claims excepted)
Idaho Code §§ 11-604A(5), 55-101
Pensions / Retirement Accounts
Benefits from Qualified Employee Benefit Plans and IRAs
100% (support claims excepted)
Idaho Code §§ 11-604A(3), 55-101
Tools of the Trade
Arms, uniforms and accoutrements of peace officer, national guardsman, or member of military service
100%
Idaho Code § 11-605(6)
Public Benefits
Workmens' compensation benefits from any jurisdiction
100% (support claims excepted)
Idaho Code § 72-802
Public Benefits
Federal social security benefits, veterans' benefits and federal, state and local public assistance payments
100%
Idaho Code § 11-603(3) & (4)
Public Benefits
Public assistance benefits
100%
Idaho Code § 56-223 & § 11-603(4)
Public Benefits
Unemployment compensation benefits
100% (support claims excepted)
Idaho Code § 72-1375 & § 11-603(6)
Miscellaneous
Liquor license
100%
Idaho Code § 23-514
Miscellaneous
Specific partnership property
100% of partner's interest
Idaho Code § 53-3-307 & § 53-3-501
Miscellaneous
Municipal, County & State owned property
100%
Idaho Code § 11-605(5)
Miscellaneous
Amounts received for alimony, support or separate maintenance
Amount reasonably necessary for support of debtor and dependents (see note below)
Idaho Code § 11-604(1)(b)

If you want to learn more about filing bankruptcy in Idaho please visit our FAQ Page or for more information about Idaho you can visit the Idaho section.