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Bankruptcy Exemptions
Homestead Exemption
- Real property to $75,000 unless over 60 & married or widowed. Property cannot exceed 160 acres.
Insurance Exemption
- Life insurance proceeds if clause prohibits proceeds being used to pay creditors
- Fraternal benefit society benefits
- Disability or accident proceeds
- Homeowner’s insurance proceeds to $75,000
- Pensions for state employees, firefighters, highway patrol officers, police officers, public school employees, private retirement benefits and ERISA-qualified benefits deposited more than one year before filing.
- Aid for the blind, aged or disabled, veteran’s benefits and AFDC.
- Unemployment compensation.
- Worker’s compensation.
- Veteran’s benefits
Personal Property
- Tangible personal property of any type up to $10,000, including tools of trade
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