Kansas Bankruptcy Exemptions
The chart below contains a summary of Kansas state bankruptcy exemptions and other relevant statutory laws. Click here for complete State of Kansas bankruptcy exemptions laws.
Note: Federal bankruptcy exemptions are not available.
Personal exemptions allowed by Kansas Bankruptcy Laws
Note: Under the 2005 bankruptcy law, almost all types of tax-exempt retirement accounts are exempt in bankruptcy whether state or Federal exemptions are used. Exemptions for 401(k)s, 403(b)s, profit-sharing and money purchase plans, and defined benefit plans include the entire account amounts. However, with traditional and Roth IRAs, the exemption is limited to a total value of $1,171,650 per person for all accounts held by the debtor (not per account). The total value amount is adjusted every three years for inflation. The relevant statutes: 11 U.S.C. §522(d)(12) for Federal bankruptcy exemptions; 11 U.S.C. §522(b)(3)(C) for state bankruptcy exemptions.
|Kansas Homestead||Real property or mobile home occupied or intended to be occupied for an unlimited amount. Note: Property cannot exceed one acre in town or city, 160 acres on a farm.||60-2301; Constitution 15-9|
|Wages||Minimum 75% of disposable weekly wages or 30 times the Federal minimum hourly wage per week (whichever is greater). Bankruptcy judge may authorize more for low-income debtors||60-2310|
|Automobile||Up to $20,000 (unlimited if designed/equipped for a disabled person)||60-2304(c)|
|Other property||Life insurance proceeds||40-414(a)|
|Alimony, maintenance, and support||60-2312(b)|
|Furnishings and household equipment||60-2304(a)|
|Burial plot or crypt||60-2304(d)|
|Books, documents, furniture, instruments, equipment, breeding stock, seed, grain, and stock to $7,500 total (tools of trade)||60-2304(e)|
Note: While this reference information is current as of August 2010, it may not reflect the most up-to-date exemption figures on official state of Kansas bankruptcy court statutes.