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 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.
Note: Exemptions may have changed since our last update.
» Read the complete Ohio bankruptcy exemptions
here
» Back to Bankruptcy Laws In Your State