Utah Bankruptcy Exemptions
The chart below contains a summary of Utah state bankruptcy exemptions and other relevant statutory laws.
Click here for complete State of Utah bankruptcy exemptions laws.
Note: Federal bankruptcy exemptions are not available.
Personal exemptions allowed by Utah Bankruptcy Law
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.
|Utah Homestead||Real property, mobile home, water rights to $20,000 for debtor’s primary residence; $5,000 if not debtor’s primary residence||78B-5-503(1), (2), (4)|
|Wages||Minimum 75% of disposable weekly earnings or 30 times the Federal hourly minimum wage (whichever is greater). Bankruptcy judge may authorize more for low-income debtors.||70C-7-103|
|Automobile||Up to $2,500||78B-5-506(3)|
|Other property||Disability, illness, medical, or hospital benefits||78B-5-505(1)(a)(iii)|
|Alimony (needed for support) and child support||78B-5-505(1)(a)(vi), (f), (k)|
|Bed, bedding, carpets||78B-5-505(1)(a)(viii)|
|Refrigerator, freezer, microwave, stove, sewing machine, washer and dryer||78B-5-505(1)(a)(viii)|
|Implements, books, and tools of trade to $3,500||78B-5-506(2)|
Note: While this reference information is current as of October 2010, it may not reflect the most up-to-date exemption figures on official state of Utah bankruptcy court statutes.