Oregon Bankruptcy Exemptions

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

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Manufactured or floating home land thereon owned by debtor & used by debtor & family as sole residence
$40,000 for one debtor $50,000 for combined exemptions of 2 or more debtors
Or. Rev. Stat. § 18.395(10)(a) & (b)
Homestead
Homestead occupied by debtor (exemption applies to proceeds of sale of homestead for 1 year and applies to condominium units under ORS 91.581(3)
$40,000 for one debtor $50,000 for combined exemptions of 2 or more debtors (cannot exceed 160 acres or 1 city block)
Or. Rev. Stat. § 18.395, 18.402
Motor Vehicle
1 vehicle or motor vehicle
$3,000
Or. Rev. Stat. § 18.345(1)(d)
Wild Card
Any personal property of debtor
$400 (cannot be used to increase any other exemption)
Or. Rev. Stat. § 18.345(1)(o)
Wages / Wage Garnishment
Disposable earnings (earnings less deductions required by law)
75% or $936 per month
Or. Rev. Stat. § 18.385
Insurance
Payments on account of personal bodily injury, not including pain & suffering or compensation for actual pecuniary loss, of debtor or an individual of whom the debtor was a dependent
$10,000 but sec Or. Rev. Stat. § 18.345(4)
Or. Rev. Stat. § 18.345(1)(k)
Insurance
Health & disability insurance benefits
100%
Or. Rev. Stat. § 743.050
Insurance
Annuity policy benefits
$500 per month
Or. Rev. Stat. § 743.049
Insurance
Group life insurance policy proceeds payable to person other that the insured or his estate
100%
Or. Rev. Stat. § 743.047
Insurance
Proceeds & cash surrender value of life insurance policies of insured where the beneficiary is person with insurable interest in insured's life
100%
Or. Rev. Stat. § 743.046
Insurance
Fraternal Benefit Society benefits
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 748.207
Insurance
Payments in compensation for the loss of future earnings of the debtor or an individual of whom the debtor was a dependent
Amount reasonably necessary to support debtor & dependents
Or. Rev. Stat. § 18.345(1)(l)
Personal Property
Wearing apparel, jewelry & personal items
$1,800
Or. Rev. Stat. § 18.345(1)(b)
Personal Property
Books, pictures & musical instruments
$600
Or. Rev. Stat. § 18.345(1)(a)
Personal Property
Burial lots
100%
Or. Rev. Stat. § 97.660 & 97.675
Personal Property
1 rifle or shotgun & 1 pistol
$1,000
Or. Rev. Stat. § 18.362
Personal Property
Professionally prescribed health aids of debtor & dependents
100%
Or. Rev. Stat. § 18.345(1)(h)
Personal Property
Provisions & fuel for debtor & family
60 days' supply
Or. Rev. Stat. § 18.345(1 )(f)
Personal Property
Household goods, furniture, radios, a television set, & utensils (must be held primarily for personal, family or household use of debtor)
$3,000
Or. Rev. Stat. § 18.345(1)(f)
Personal Property
Domestic animals & poultry kept for family use
$1,000 plus 60 days supply of food for same
Or. Rev. Stat. § 18.345(1)(e)
Pensions / Retirement Accounts
State employee bond savings accounts
100%
Or. Rev. Stat. § 292.070
Pensions / Retirement Accounts
Beneficiary's interest in pension, retirement plan, or IRA
100% of amounts qualified under I.R.C. (also subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 18.358
Pensions / Retirement Accounts
Public school teacher retirement
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 18.358(1), 18.348(2)
Pensions / Retirement Accounts
Public employee retirement allowance
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. §§ 237.980, 238.445, 18.348(2), 18.358(1)
Tools of the Trade
Property of soldier or sailor
100%
Or. Rev. Stat. § 408.440
Tools of the Trade
Tools, implements, apparatus, a team of horses or mules, harness, or library, necessary to carry on trade occupation or profession
$5,000
Or. Rev. Stat. § 18.345(1)(C)
Public Benefits
Health Assistant Payments
100%
Or. Rev. Stat. § 411.706, 411.760
Public Benefits
Vocational rehabilitation payments
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 344.580
Public Benefits
Veterans' benefits and loans
75%
Or. Rev. Stat. § 18.345(1)(m)
Public Benefits
State loans to veterans & veterans benefits
100%
Or. Rev. Stat. §§ 407.595 & 407.125
Public Benefits
Federal earned income tax credit and funds traceable to payment thereof
100%
Or. Rev. Stat. § 18.345(1)(n)
Public Benefits
Benefits to injured trainees & inmates
100%
Or. Rev. Stat. § 655.530
Public Benefits
Crime victim's reparation law awards
100%
Or. Rev. Stat. § 18.345(1)(j)
Public Benefits
Workmen's compensation benefits
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. §§ 656.234 & 18.348(2)
Public Benefits
Unemployment compensation benefits
100%
Or. Rev. Stat. § 657.855
Public Benefits
Public assistance grants
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 411.760, 414.095
Public Benefits
Old age assistance payments
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 18.348.130
Miscellaneous
Spousal support, child support & separate maintenance payments
Amount reasonably necessary to support debtor & dependents
Or. Rev. Stat. § 18.345(1)(i)
Miscellaneous
State, county, or municipal property
100%
Or. Rev. Stat. § 18.345(1)(g)
Miscellaneous
Property of a decedent
100%
Or. Rev. Stat. § 18.312
Miscellaneous
Liquor licenses
100%
Or. Rev. Stat. § 471.292(1)(i)
Miscellaneous
Specific partnership property
100% of partner's interest
Or. Rev. Stat. § 67.190
Miscellaneous
Otherwise exempt earnings and benefits when deposited in bank
$7,500 (funds must be reasonably identifiable)
Or. Rev. Stat. § 18.348
Tuition Savings Account
Oregon qualified tuition savings account
100% (subject to Or. Rev. Stat. § 18.348(2) limits)
Or. Rev. Stat. § 348.841-348.873, 18.348(1)

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