|
ASSET
|
EXEMPTION DESCRIPTION
|
LAW SECTION
|
|
HOMESTEAD
|
Real property or mobile home you occupy or intend to occupy to
unlimited value; property cannot exceed 1 acre in town or city, 160
acres on farm
|
60-2301
Constitution 15-9
|
|
INSURANCE
|
Fraternal life insurance benefits
|
40-414(a)
|
| |
Life insurance forfeiture value if file for bankruptcy over 1 year
after policy issued
|
40-414(b)
|
| |
Life insurance proceeds if clause prohibits proceeds from being used
to pay beneficiary’s creditors
|
40-414(a)
|
|
MISC.
|
Liquor licenses
|
41-326
|
|
Property of business partnership
|
56-325
|
|
PENSIONS
|
Elected and appointed officials in cities with population between
120,000 and 200,000
|
13-14, 102
|
| |
ERISA-qualified benefits
|
60-2038(b)
|
| |
Federal government pension needed for support and paid within 3
months of filing bankruptcy (only payments being received)
|
60-20338(a)
|
| |
Firefighters
|
12-5005(e), 14-10a10
|
| |
Judges
|
20-2618
|
| |
Police officers
|
12-5005(e), 13-14a10
|
| |
Public employees
|
74-4923, 74-49, 105
|
| |
State highway patrol officers
|
74-4978g
|
| |
State school employees
|
72-5526
|
|
PERSONAL PROPERTY
|
Burial plot or crypt
|
60-2304(d)
|
| |
Clothing to last 1 year
|
60-2304(a)
|
| |
Food and fuel to last 1 year
|
60-2304(a)
|
| |
Funeral plan prepayments
|
16-310(d)
|
| |
Furnishings and household equipment
|
60-2304(a)
|
| |
Jewelry and articles of adornment to $1,000
|
60-2304(b)
|
| |
Motor vehicle to $20,000; if designed or equipped for disabled
persons, no limit
|
60-2304(c)
|
|
PUBLIC BENEFITS
|
AFDC, general assistance, social welfare
|
39-717
|
| |
Crime victims’ compensation
|
74-7313(d)
|
| |
Unemployment compensation
|
44-718(c)
|
| |
Workers’ compensation
|
44-514
|
|
TOOLS OF TRADE
|
Books, documents, furniture, instruments, equipment, breeding stock,
seed, grain and stock to $7,500 total
|
60-2304(e)
|
| |
National Guard uniforms, arms and equipment
|
48-245
|
|
WAGES
|
Minimum 75% of earned but unpaid wages; bankruptcy judge may
authorize more for low-income debtors
|
60-2310
|
|
WILD CARD
|
NONE
|
|
