Ohio State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain types of your property from your creditors when you file bankruptcy-such as your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other important property. Ohio law provides a number of exemptions that protect your property, and your Ohio TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
Up to $5,000 in real or personal property.
Wages
75 percent of weekly earnings exempt.
Automobiles
One motor vehicle in the amount of $1,000.
Other Property
$200 in clothing, beds, and bedding; $300 in one cooking unit and one refrigerator; $400 in cash on hand, money due and payable, money to become due within ninety days, tax refunds, and money on deposit with a bank, savings and loan association, credit union, public utility, landlord, or other person; $200 in household furnishings, household goods, appliances, books, animals, crops, musical instruments, firearms, and hunting and fishing equipment; $600 in one or more items of jewelry.
» Read the complete Ohio bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.