Oregon Bankruptcy Exemptions

Homestead

18.428 & 18.402 & 18.395 - Real property you own up to $30,000 ($39,600 if joint owners). Mobile home on land you own or a houseboat up to $23,000. Joint owners may go up to $30,000. Mobile home on land you don't own, $20,000 ($27,000 if joint). Property may not exceed 1 block in a city or town, or 160 acres elsewhere. Sale proceeds exempt 1 year if plan to purchase another home.

408.440 - A soldier or sailor's property during a time of war.

Personal Property

18.345 - Motor vehicle to $2,150; clothing, jewelry, personal items to $1,800 total; household items, furniture, utensils, TVs and radios to $3,000 total; health aids; cash for sold exempt property; books, pictures & musical instruments to $600 total; food & fuel to last 60 days if debtor is householder; earned income tax credit; domestic animals & poultry with food to last 60 days to $1,000; lost earnings payments for debtor or someone debtor depended upon needed for support; personal injury recoveries to $10,000; $400 of any personal property that is not already covered under any other exemption.

18.348 - Bank deposits up to $7,500, and cash for sold exempt items.

18.362 - Pistol; rifle or shotgun if owned by person over the age of 16, up to $1,000.

65.870 - Burial plot.

87.075 - Building materials that were to be used for the construction of an improvement.

348.863 - Higher education savings accounts up to $7,500.

Wages

18.385 - The greater of the following: $170 per week or minimum of 75% of disposable wages. Judge may approve more for low income debtor.

292.070 - Wages withheld in a state employee's bond saving account.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs up to $1,095,000 per person.

18.358 - ERISA-qualified benefits and payments up to $7,500 including IRAs and SEPs.

237.980 - Public officers and employees pension payments up to $7,500.

Public Benefits

18.345 & 147.325 - Crime victims' compensation.

407.125 - Proceeds of veterans' loans and veterans' benefits.

411.706 - Old-age assistance up to $7,500.

344.580 - Vocational rehabilitation up to $7,500.

414.095 - Medical assistance up to $7,500.

401.405 - Civil and disaster relief up to $7,500.

411.760 - General assistance up to $7,500.

655.530 - Injured inmates benefits up to $7,500.

411.706 - Aid to blind and disabled up to $7,500.

656.234 - Workers' compensation up to $7,500.

657.855 - Unemployment compensation up to $7,500.

Tools of Trade

18.345 - Tools, team with food that will last 60 days, or library up to $3,000 total.

Alimony and Child Support

18.345 - Alimony and child support needed to support.

Insurance

743.046 - Life insurance proceeds or cash value if you are not the insured.

743.047 - Group life insurance policy or proceeds.

743.049 - Annuity contract benefits up to $500 per month.

743.050 - Health or disability insurance proceeds.

748.207 - Fraternal benefit society benefits up to $7,500.

Miscellaneous

471.292 – Liquor licenses.

Other - Add any applicable Federal Nonbankruptcy Exemptions


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This website contains information related to law and is NOT LEGAL advice. It contents is for information only. If you need legal advice, please consult an attorney or act as your own.
All documents typed are prepared by Rica Gilmore.