|
ASSET
|
EXEMPTION DESCRIPTION
|
LAW SECTION
|
|
HOMESTEAD
|
Real or personal property used as residence to $5,000; sale proceeds
exempt
|
427.060, 427.090
|
|
INSURANCE
|
Annuity contract proceeds to $350 per month
|
304.14-330
|
| |
Cooperative life or casualty insurance benefits
|
427.110(1)
|
| |
Fraternal benefit society benefits
|
427.110(2)
|
| |
Group life insurance proceeds
|
304.14-320
|
| |
Health or disability benefits
|
304.14-310
|
| |
Life insurance policy if beneficiary is a married woman
|
304.14-340
|
| |
Life insurance proceeds if clause prohibits proceeds from being used
to pay beneficiary’s creditors
|
304.14-350
|
| |
Life insurance proceeds or cash value if beneficiary is someone other
than insured
|
304.14-300
|
|
MISC.
|
Alimony, child support is needed for support
|
427.150(1)
|
| |
Property of business partnership
|
362.270
|
|
PENSIONS
|
Firefighters, police officers
|
67A.620, 95.8878, 427.120
427.125
|
| |
IRAs
|
In re Worthington, 28 B.R. 736 (W.D. KY. 1983)
|
| |
State employees
|
61.690
|
| |
Teachers
|
161.700
|
| |
Urban county government employees
|
67A.350
|
| |
Other pensions
|
427.150(2)(e), (f)
|
|
PERSONAL PROPERTY
|
Burial plot to $5,000 in lieu of homestead
|
427.060
|
| |
Clothing, jewelry, articles or adornment and furnishings to $3,000
total
|
427.010(1)
|
| |
Health aids
|
427.010(1)
|
| |
Lost earnings payments needed for support
|
427.150(2)(d)
|
| |
Medical expenses paid and reparation benefits received under motor
vehicle reparation law
|
304.39-260
|
| |
Motor vehicle to $2,500
|
427.010(1)
|
| |
Personal injury recoveries to $7,500 (not to include pain and
suffering or pecuniary loss)
|
427.150(2)(c)
|
| |
Wrongful death recoveries for person you depended on needed for
support
|
427.150(2)(b)
|
|
PUBLIC BENEFITS
|
Aid to blind, aged, disabled, public assistance
|
205.220
|
| |
Crime Victims’ Compensation
|
427.150(2)(a)
|
| |
Unemployment Compensation
|
341.470
|
| |
Workers compensation
|
342.180
|
|
TOOLS OF TRADE
|
Library, office equipment, instruments and furnishings of minister,
attorney, physician, surgeon, chiropractor, veterinarian or dentist to
$1,000
|
427.040
|
| |
Motor vehicle of mechanic, mechanical or electrical equipment
servicer, minister, attorney, physician, surgeon, chiropractor,
veterinarian or dentist to $2,500
|
427.030
|
| |
Tools, equipment, livestock and poultry of farmer to $3,000
|
427.010(1)
|
| |
Tools of non-farmer to $300
|
427.030
|
|
WAGES
|
Minimum 75% of earned but unpaid wages; bankruptcy judge may
authorize more for low-income debtors
|
427.010(2), (3)
|
|
WILDCARD
|
$1,000 of any property
|
427.160
|
