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Utah State Bankruptcy Exemptions |
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Utah State Bankruptcy Exemptions |
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Federal
Bankruptcy Exemptions are not available. All law references are to Utah Code. |
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| ASSET | EXEMPTION | LAW PROVISION |
| Homestead |
Real
property, mobile home or water rights to $10,000 (joint
owners may double) Must file homestead declaration before attempted sale of home |
78-23-3 78-23-4 |
| Insurance |
Disability, illness, medical or hospital benefits Fraternal benefit society benefits Life insurance policy cash surrender value to $1500 Life insurance proceeds if beneficiary is insured’s spouse or dependent, as needed for support |
78-23-5(1) ( c), (d) 31A-9-603 78-23-7 78-73-6(2) |
| Miscellaneous |
Alimony
needed for support Child support Property of business partnership |
78-23-5(1) (k), 78-23-6(1) 78-23-5(1) (f), (k) 48-1-22 |
| Pensions |
ERISA-qualified
benefits Public employees Other pensions needed for support |
78-23-5(1) (j) 49-1-609 78-23-6(3) |
| Personal Property |
Animals,
books & musical instruments to $500 total Artwork depicting, or done by, family member Bed, bedding, carpets, washer & dryer Burial plot Clothing (cannot claim furs or jewelry) Food to last 3 months Furnishings & appliances to $500 Health aids needed Heirloom or other sentimental item to $500 Motor Vehicle to $2,500 Personal injury recoveries for you or person you depended on Proceeds for damaged exempt property Refrigerator, freezer, microwave, stove & sewing machine Wrongful death recoveries for person you depended on |
78-23-8(1) (b) 78-23-5(1) (h) 78-23-5(1) (g) 78-23-5(1) (a) 78-23-5(1) (g) 78-23-5(1) )g) 78-23-8(1) (a) 78-23-5(1) (b) 78-23-8(1) ( c) 78-23-8(2) 78-23-5(1) (I) 78-23-9 78-23-5(1) (g) 78-23-5(1) (i) |
| Public Benefits |
AFDC Crime victims’ compensation General assistance Occupational disease disability benefits Unemployment compensation Veterans’ benefits Workers’ compensation |
17-13-9 63-63-21 55-15-32 35-2-35 35-4-18 78-23-5(1) (e) 35-1-80 |
| Tools of Trade |
Implements, books & tools of trade to $3,500 Military property of National Guard member Motor vehicle to $2,500 |
78-23-8(2) 39-1-47 78-23-8(3) |
| Wages | Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors |
70C-7-103 |
| Wild Card | None | |
Thursday January 12, 2006