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
$3,000 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; and one gun.
Note: Exemptions may have changed since our last update.
» Read the complete Oklahoma bankruptcy
exemptions here
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