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Oregon State Bankruptcy Exemptions |
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Oregon State Bankruptcy Exemptions |
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Federal
Bankruptcy Exemptions are not available. All law references are to Oregon Revised Statutes |
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| ASSET | EXEMPTION | LAW PROVISION |
| Homestead | Real property, mobile home or houseboat you occupy to $25,000 ($33,000 for joint owners); if you don’t own land mobile home is on, to $23,000 ($30,000 for joint owners); property cannot exceed 1 block in town or city or 160 acres elsewhere; sale proceeds exempt 1 year from sale, if you intend to purchase another home | 23.164, 23.240, 23.250 |
| Insurance |
Annuity
contract benefits to $500 per month Fraternal benefit society benefits Group life policy or proceeds not payable to insured Health or disability proceeds or avails Life insurance proceeds or cash value if you are not the insured |
743.049 748.207 743.047 743.050 743.046 |
| Miscellaneous |
Alimony,
child support needed for support Liquor licenses Property of business partnership |
23.160(1) (I) 471.301(1) 68.420 |
| Pensions |
ERISA-qualified
benefits Public officers, employees School district employees |
23.170 237.201 239.261 |
| Personal Property |
Bank
deposits to $7500; cash for sold exempt property Books, pictures & musical instruments to $600 total (husband and wife may double) Burial plot Clothing, jewelry & other personal items to $1800 total (husband and wife may double) Domestic animals, poultry with food to last 60 days to $1000 Food & fuel to last 60 days if debtor is householder Furniture, household items, utensils, radios & TVs to $3000 total Health aids Lost earnings payments for debtor or someone debtor depended on, to extent needed (husband & wife may double) Motor vehicle to $1700 (husband and wife may double) Personal injury recoveries to $10,000, not to include pain & suffering ( husband and wife may double) Pistol, rifle or shotgun if owned by person over 16, to $1000 |
23.166 23.160(1) (a) 65.870 23.160(1) (b) 23.160(1) (e) 23.160(1) (f) 23.160(1) (f) 23.160(1) (h) 23.160(1) (j) ( C) 23.160(1) (d) 23.160(1) (j) (B) 23.200 |
| Public Benefits |
Aid to
blind Aid to disabled Civil defense & disaster relief Crime victims’ compensations (husband and wife may double) General assistance Injured inmates’ benefits Medical assistance Old-age assistance Unemployment compensation Vocational rehabilitation Workers’ compensation |
412.115 412.610 401.405 23.160(1) (j) (A), 147.325 411.760 655.530 414.095 413.130 657.855 344.580 656.234 |
| Tools of Trade | Tools, library, team with food to last 60 days, to $3000 (husband and wife may double) |
23.160(1) ( c) |
| Wages |
Minimum
75% of earned but unpaid wages; bankruptcy judge may
authorize more for low-income debtors Wages withheld in state employee’s bond savings accounts |
23.185 292.070 |
| Wild Card |
$400 of
any personal property, however, can’t use to increase
existing exemption Husband and wife may double |
23.160(1) (k) In re Wilson, 22 B.R. 146 (D. Or. 1983) |
Thursday January 12, 2006