Ohio Bankruptcy Exemption Information
As a bankruptcy trustee, you are expected to carefully evaluate all of the debtor's assets and judge if any of them can be sold to help pay back creditors. Updated information regarding exempt property is crucial to this process, so we have compiled a quick reference guide with a list of some of the most typically claimed Ohio bankruptcy exemptions.
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
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