Oklahoma Bankruptcy Exemption Information
One important role a bankruptcy trustee fills is the assessment of debtors' property to determine if any of it is eligible under the law for liquidation. Our quick reference page can help you in this process, since it lists some of the most frequently claimed Oklahoma bankruptcy exemptions.
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
» Back to Bankruptcy Laws In Your State