Kentucky Bankruptcy Exemption Information
When you act as bankruptcy trustee, you are required to evaluate debtors' assets to see which of them qualify for liquidation under state bankruptcy law. To aid you in this evaluation, our quick reference page lists some of the most frequently claimed Kentucky bankruptcy exemptions.
Homestead
$18,450 in value in real or personal property that the debtor or a
dependent of such debtor uses as a permanent residence or in a burial plot for
such debtor or a dependent of such debtor.
Wages
No specific exemption.
Automobiles
One motor vehicle and its necessary accessories not exceeding in the aggregate $2,950
in value.
Other Property
$475 in value in any particular item ($9,850 in aggregate value)
in household furnishings, household goods, wearing apparel, appliances, books,
animals, crops, or musical instruments; $1,225 in value of jewelry; $1,850
in value of any implements, professional books, or tools, of the trade of the
debtor; 100 percent of the value of professionally described health
aids.
Note: Exemptions may have changed since our last update.
» Read the complete Kentucky bankruptcy
exemptions here
» Back to Bankruptcy Laws In Your State