Go To Credit Help Services Home Page
|
Kansas State Bankruptcy Exemptions |
|
|
Kansas State Bankruptcy Exemptions |
| ASSET | EXEMPTION | LAW PROVISION |
| HOMESTEAD | Real property or mobile home you occupy or intend to occupy to unlimited value; property cannot exceed 1 acre in town or city, 160 acres on farm |
60-2301 Constitution 15-9 |
| INSURANCE | Fraternal life insurance benefits | 40-414(a) |
| Life insurance forfeiture value if file for bankruptcy over 1 year after policy issued | 40-414(b) | |
| Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors | 40-414(a) | |
| MISCELLANEOUS | Liquor licenses | 41-326 |
| Property of business partnership | 56-325 | |
| PENSIONS | Elected and appointed officials in cities with population between 120,000 and 200,000 | 13-14, 102 |
| ERISA-qualified benefits | 60-2038(b) | |
| Federal government pension needed for support and paid within 3 months of filing bankruptcy (only payments being received) | 60-20338(a) | |
| Firefighters | 12-5005(e), 14-10a10 | |
| Judges | 20-2618 | |
| Police officers | 12-5005(e), 13-14a10 | |
| Public employees | 74-4923, 74-49, 105 | |
| State highway patrol officers | 74-4978g | |
| State school employees | 72-5526 | |
| PERSONAL PROPERTY | Burial plot or crypt | 60-2304(d) |
| Clothing to last 1 year | 60-2304(a) | |
| Food and fuel to last 1 year | 60-2304(a) | |
| Funeral plan prepayments | 16-310(d) | |
| Furnishings and household equipment | 60-2304(a) | |
| Jewelry and articles of adornment to $1,000 | 60-2304(b) | |
| Motor vehicle to $20,000; if designed or equipped for disabled persons, no limit | 60-2304(c) | |
| PUBLIC BENEFITS | AFDC, general assistance, social welfare | 39-717 |
| Crime victims’ compensation | 74-7313(d) | |
| Unemployment compensation | 44-718(c) | |
| Workers’ compensation | 44-514 | |
| TOOLS OF TRADE | Books, documents, furniture, instruments, equipment, breeding stock, seed, grain and stock to $7,500 total | 60-2304(e) |
| National Guard uniforms, arms and equipment | 48-245 | |
| WAGES | Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors | 60-2310 |
| WILD CARD | NONE |
Thursday January 12, 2006