Oklahoma 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. Oklahoma law provides a number of exemptions that protect your property, and your Oklahoma TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
The debtor's principal residence (including a manufactured home) is exempt.
Wages
75 percent of weekly earnings exempt.
Automobiles
$7,500 in the value of one motor vehicle.
Other Property
All household and kitchen furniture; all cemetery lots; all tools, implements, apparatus and books used in any trade, profession, or in farming; all books, portraits and pictures; $4,000 in clothing; all professionally prescribed health aids; various farm animals; guns not to exceed $2,000 in the aggregate.
» Read the complete Oklahoma 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.