Ohio Bankruptcy Exemptions
Homestead
2329.66 - Real or personal property used as a residence up to $5,000.
Tenancies by the entirety are exempt without limit as to debts of one spouse
[In re Thomas, 14 B.R. 423 (N.D. Ohio 1981)].
Personal Property
517.09 & 2329.66 - Burial plot.
2329.66 - (1) motor vehicle up to $1,000; (2) clothing, beds and bedding up
to $200 per item; (3) cooking unit and refrigerator up to $300 each; (4)
cash, bank, and security deposits, tax refund and money due within 90 days
up to $400 total; (5) household goods, furnishings, appliances, jewelry up
to $400, books, animals, musical instruments, firearms, hunting and fishing
equipment and crops up to $200 per item (see LIMIT below); (6) health aids;
(7) wrongful death recoveries for person you depended upon for support; (8)
compensation for lost future earnings needed for support; (9) personal
injury recoveries up to $5,000; (10) $400 of any property; and (11) Tuition
credit or payment. LIMIT If homestead is not claimed may not exceed $2,000
total ($1,500 if homestead is claimed). NOTE: Section 2329.66 is relatively
detailed and complex, so be sure to read it.
Wages
2329.66 - Greater of the following: 30 times the federal minimum hourly wage
or minimum of 75% of disposable weekly earnings. Judge may approve more for
low income debtor.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
145.56 - Public employees.
146.13 - Volunteer firefighters' dependents.
742.47 - Police officers and firefighters.
2329.66 - Public safety officers' death benefits; ERISA-qualified benefits,
IRAs Roth IRAs and Keoghs needed for support.
3309.66 - Public school employees.
5505.22 - State highway patrol employees.
Public Benefits
2329.66 & 2743.66 - Crime victims' compensation received within 1 year of
filing for bankruptcy.
2329.66 & 3304.19 - Vocational rehabilitation benefits.
2329.66 & 4123.67 - Workers' compensation.
2329.66 & 4141.32 - Unemployment compensation.
2329.66 & 5107.12 - Public assistance.
2329.66 & 5115.07 - Disability assistance.
Tools of Trade
2329.66 - Tools, books, and implements of trade up to $750.
Alimony and Child Support
2329.66 - Alimony and child support needed for support.
Insurance
2329.66 - Benevolent society benefits to $5,000.
2329.66 & 3917.05 - Group life insurance policy or proceeds.
2329.66 & 3921.18 - Fraternal benefit society benefits.
2329.66 & 3923.19 - Disability benefits to $600 per month.
3911.10 - Life, endowment or annuity contract dividends, interest, loan,
cash, or surrender value for your spouse, child or other dependent.
3911.12 - Life insurance proceeds for spouse.
3911.14 - Life insurance proceeds if policy prohibits use to pay creditors.
Miscellaneous
1775.24 & 2329.66 - Business partnership property.