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ASSET
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EXEMPTION DESCRIPTION
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LAW SECTION
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Homestead
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Real property or mobile home to $125,000 (husband and wife may not
double)
Must record homestead declaration before filing for bankruptcy.
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21.090(1) (m), 115.010
115.020
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Insurance
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Annuity contract proceeds to $350 per month
Fraternal benefit society benefits
Group life or health policy or proceeds
Health proceeds or avails
Life insurance policy or proceeds if annual premiums not over $1000
Life insurance proceeds if you?re not the insured
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687B.290
695A.220
687B.280
687B.270
21.090(1) (k)
687B.260
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Miscellaneous
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Property of business partnership
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87.250
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Pensions
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ERISA-qualified benefits to $100,000
Public employees
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21.090(1) (q)
286.670
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Personal Property
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Appliances, household goods, furniture, home and yard equipment to
$3000 total
Books to $1500
Burial plot purchase money held in trust
Funeral service contract money held in trust
Health aids
Keepsakes & pictures
Metal-bearing ores, geological specimens, art curiosities or
paleontological remains, must be arranged, classified, catalogued &
numbered in reference books
Motor vehicle to $1500; no limit if vehicle equipped to provide
mobility for disabled person
One gun
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21.090(1) (b)
21.090(1) (a)
452.550
689.700
21.090(1) (p)
21.090(1) (a)
21.100
21.090(1) (f), (o)
21.090(1) (i)
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Public Benefits
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Aid to blind, disabled, AFDC
Industrial insurance (workers? compensation)
Unemployment compensation
Vocational rehabilitation benefits
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422.291
616.550
612.710
615.270
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Tools of Trade
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Arms, uniforms & accouterments you?re required to keep
Cabin or dwelling of miner or prospector; cars, implements &
appliances for mining claim you work to $4500 total
Farm trucks, stock, tools, equipment & seed to $4500
Library , equipment, supplies, tools & materials to $4500
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21.090(1) (j)
21.090(1) (e)
21.090(1) (c)
21.090(1) (d)
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Wages
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Minimum 75% of earned but unpaid wages; bankruptcy judge may
authorize more for low -income
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21.090(1) (g)
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Wild Card
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None
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