Personal Bankruptcy Information

 

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Ohio Exemptions

   

Federal supplemental exemptions can be used in conjunction with your Ohio exemptions and can be viewed here.

Also see Ohio bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

Homestead

Real or personal property used as residence to $5000

Property held as tenancy by the entirety may be exempt against debts owed by only one spouse

2329.66(A) (1) (b)

In re Thomas, 14 B.R. 423

(N.D. Ohio 1981)

Insurance

Benevolent society benefits to $5000

Disability benefits to $600 per month

Fraternal benefit society benefits

Group life insurance policy or proceeds

Life, endowment or annuity contract avails for your spouse, child or dependent

Life insurance proceeds for a spouse

Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors

2329.63, 2329.66(A) (6) (a)

2329.66(A) (6) (e), 3923.19

2329.66(A) (6) (d), 3921.18

2329.66(A) (6) ( c), 3917.05

2329.66(A) (6) (b), 3911.10

3911.12

3911.14

Miscellaneous

Alimony, child support needed for support

Property of business partnership

2329.66(A) (11)

1775.24, 2329.66(A) (14)

Pensions

ERISA-qualified benefits needed for support

Firefighters, police officers

Firefighters’ police officers’ death benefits

IRAs needed for support

Keoghs needed for support

Public employees

Public school employees

State highway patrol employees

Volunteer firefighters’ dependents

2329.66(A) (10) (b)

742.47

2329.66(A) (10) (a)

2329.66(A) (10) ( c)

2329.66(A) (10) ( c)

145.56

3307.71, 3309.66

5505.22

146.13

Personal Property

 

 

 

 

 

 

 

 

 

Note: Jewelry must be counted toward the $1500/$2000 totals

Animals, crops, books, musical instruments, appliances, household goods, furnishings, hunting & fishing equipment & firearms to $200 per item, $1500 total ($2000 if no homestead claimed)

Beds, bedding & clothing to $200 per item

Burial plot

Cash, money due within 90 days, bank & security deposits & tax refund to $400 total (spouse without income can’t exempt tax refund, In re Smith, 77 B.R. (N.D. Ohio 1987)

Cooking unit & refrigerator to $300 each

Health aids

Jewelry to $200 per item (1 item may be to $400)

Lost future earnings needed for support, received during 12 months before filing

Motor vehicle to $1000

Personal injury recoveries to $5000 (not to include pain & suffering), received during 12 months before filing

Wrongful death recoveries for person debtor depended on, needed for support, received during 12 months before filing

 

 

2329.66(A) (4) (b), (d)

2329.66(A) (3)

517.09, 2329.66(A) (3)

 

517.09, 2329.66(A) (8)

2329.66(A) (3)

2329.66(A) (7)

239.66(A) ( c), (d)

2329.66(A) (12) (d)

2329.66(A) (2) (b)

2329.66(A) (12) ( c)

2329.66(A) (12) (b)

Public Benefits

Crime victim’s compensation, received during 12 months before filing

General assistance payments

Tuition credit

Unemployment compensation

Vocational rehabilitation benefits

Workers’ compensation

2329.66(A) (12) (a), 2743.66

2329.66(A) (9) (e), 5113.03

2329.66(A) (16)

2329.66(A) (9) ( c), 4141.32

2329.66(A) (9) (a), 3304.19

2329.66(A) (9) (b), 4123.67

Tools of Trade

Implements, books & tools of trade to $750

Seal, official register of notary public

2329.66(A) (5)

2329.66(A) (15), 147.04

Wages

Minimum 75% of earned but unpaid wages due for 30 days; bankruptcy judge may authorize more for low-income debtors

2329.66(A) (13)

Wild Card

$400 of any property

2329.66(A) (17)

 


     

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