Oregon Bankruptcy Exemptions
The chart below contains a summary of Oregon state bankruptcy exemptions and other relevant statutory laws. Click here for complete State of Oregon bankruptcy exemptions laws.
Note: Federal bankruptcy exemptions are not available.
Personal exemptions allowed by Oregon 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.
|Oregon Homestead||Real property occupied or intended to be occupied to $40,000 ($50,000 for joint owners). Property cannot exceed one block in town or city or 160 acres elsewhere||18.395; 18.402|
|Wages||75% of disposable wages (bankruptcy judge may authorize more for low-income debtors).||18.385|
|Automobile||Up to $3,000||18.345(1)(d),(3)|
|Other property||Health or disability proceeds or avails||743.050|
|Alimony and child support needed for support||18.345(1)(i)|
|Furniture, household items, utensils, radios, and TVs to $3,000 total||18.345(1)(f)|
|Clothing, jewelry, and other personal items to $1,800 total||18.345(1)(b)|
|Tools of trade, library, team with food to last 60 days to $3,000||18.345(1)(c),(3)|
|Wildcard||$400 of any personal property not already covered by existing exemption||18.345(1)(o)|
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 Oregon bankruptcy court statutes.