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Idaho State Bankruptcy Exemptions |
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Idaho State Bankruptcy Exemptions |
| ASSET | EXEMPTION | LAW PROVISION |
| HOMESTEAD | Real property or mobile home to $50,000 ; sale proceeds exempt for 6 months | 55-1003, 55-1113 |
| Must record homestead exemption for property that is not yet occupied | 55-1004 | |
| INSURANCE | Annuity contract proceeds to $350 per month | 41-1836 |
| Death or disability benefits | 11-604(1)(a), 41-1834 | |
| Fraternal benefit society benefit | 41-3218 | |
| Group life insurance benefits | 41-1835 | |
| Homeowners’ insurance proceeds to amount of homestead exemption | 55-1008 | |
| Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors | 41-1930 | |
| Life insurance proceeds or avails for beneficiary or other than the insured | 11-604(d), 41-1833 | |
| Medical, surgical or hospital care benefits | 11-603(5) | |
| MISCELLANEOUS | Alimony, child support needed for support | 11-604(1)(b) |
| Liquor licenses | 23-514 | |
| Property of business partnership | 53-325 | |
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PENSIONS also see wages |
ERISA-qualified benefits | 55-1101 |
| Firefighters | 72-1422 | |
| Police officers | 50-1517 | |
| Public employees | 59-1317 | |
| Other pensions needed for support; payments can’t be mixed with other money | 11-604(1)(e) | |
| PERSONAL PROPERTY | Appliances, furnishings, books, clothing, pets, musical instruments, 1 firearm, family portraits and sentimental heirlooms to $500 per item, $4,000 total | 11-605(1) |
| Building materials | 45-514 | |
| Burial plots | 11-603(1) | |
| Crops cultivated by debtor on maximum 50 acres, to $1,000; includes water rights of 160 inches | 11-605(6) | |
| Health aids needed | 11-603(2) | |
| Jewelry to $250 | 11-605(2) | |
| Motor vehicle to $1,500 | 11-605(3) | |
| Personal injury recoveries needed for support | 11-605(1)(c) | |
| Proceeds for damaged exempt property for 3 months after proceeds received | 11-606 | |
| Wrongful death recoveries needed for support | 11-604(1)(c) | |
| PUBLIC BENEFITS | Aid to blind, aged, disabled, AFDC | 56-223 |
| Federal, state and local public assistance | 11-603(4) | |
| General assistance | 56-223 | |
| Social security | 11-603(3) | |
| Unemployment compensation | 11-603(6) | |
| Veterans’ benefits | 11-603(3) | |
| Workers’ compensation | 72-802 | |
| TOOLS OF TRADE | Arms, uniforms and accourtrements that peace officer, national guard or military personnel is required to keep | 11-605(5) |
| Implements, books and tools of trade to $1,000 | 11-605(3) | |
| WAGES | Minimum 75% of earned but not paid wages, pension payments; bankruptcy judge may authorize more for low-income debtors | 11-207 |
Thursday January 12, 2006