Utah Bankruptcy Exemptions

Homestead

78-23-3 - Real property, mobile home or water rights up to $5,000 if the property is not debtor's primary personal residence; up to $20,000 if the property is debtor's primary personal residence. Proceeds of sale exempt for 1 year.

78-23-4 - Before the attempted sale of home, a homestead declaration must be filed.

Personal Property

78-23-5 - Clothing, except furs and jewelry; refrigerator, freezer, stove, microwave oven, washer, dryer, and sewing machine; health aids; food to last 12 months; beds and bedding; carpets; artwork done by, or depicting, a family member; burial plot; personal injury recoveries for yourself or a person you depend upon; wrongful death recoveries for a person you depended upon.

78-23-8 - Motor vehicle up to $2,500; sofas, chairs, and related furnishings for one household up to $500; dining and kitchen tables and chairs for one household up to $500; animals, books, and musical instruments up to $500; heirlooms or other items of sentimental value up to $500.

78-23-9 - Proceeds for damaged personal property.

Wages

70C-7-103 - The greather of the following: Either 30 times the federal hourly minimum wage or minimum of 75% of disposable weekly income. Judge may approve more for low income debtor.

Pensions

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

49-11-612 - Public employees.

78-23-5 - ERISA-qualified benefits, Keoghs, IRAs, and Roth IRAs if the contributions have been made and benefits have accrued more than 1 year before filing for bankruptcy.

78-23-6 - Any pension needed for support.

Public Benefits

34A-2-422 - Workers' compensation.

35A-3-112 - General assistance.

34A-3-107 - Occupational disease disability benefits.

63-25a-421 - Crime victims' compensation.

35A-4-103 - Unemployment compensation.

78-23-5 - Veterans' benefits.

Tools of Trade

39-1-47 - National Guard members' military property.

78-23-8 - Tools, books, and implements of trade up to $3,500.

Alimony and Child Support

78-23-5 - Child support and alimony needed for support.

Insurance

31A-9-603 - Fraternal benefit society benefits.

78-23-5 - Disability, illness, medical or hospital benefits.

78-23-5 - Life insurance proceeds if beneficiary is insured's spouse or other dependent, needed for support.

78-23-5 - Life insurance policy cash surrender value excluding payments that were made on the contract within the prior year.

78-23-5 - Hospital, medical and surgical benefits.

Miscellaneous

48-1-22 - Business partnership property.

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.