Experience. Focus. Justice. Don't Settle for Anything Less.

Ohio Bankruptcy Exemption Summary Chart: Inflation Adj. through March 31, 2022

ORC § 2329.66(A)Exemption Amount
(1) Residential Property $145,425 in one parcel
(2) Motor Vehicle $4,000 in one vehicle
(3) Cash on Hand, Money Becoming Due Payable within 90 Days of Filing, Tax Refunds, Money on Deposit with Financial Institutions and Others $500 aggregate
(4)(a) Household Goods and Furnishings, Apparel, Appliances, Books, Animals, Crops, Musical Instruments, Firearms, Hunting and Fishing Equipment

$13,400 aggregate

Limitation: $625 in anyparticular item

(4)(b) Jewelry $1,700 aggregate
(5) Implements of Trade $2,550 aggregate
(6) Beneficiary Funds, Life and Health Insurance Unlimited
(7) Health Aids Unlimited
(8) Burial Lots Unlimited
(9)(a) Living Maintenance Unlimited
(9)(b) Workers' Compensation Unlimited
(9)(c) Unemployment Benefits Unlimited
(9)(d) Ohio Works First Cash Assistance Unlimited
(9)(e) Benefits/Services From Prevention, Retention and Contingency Programs Unlimited
(9)(f) Disability Financial Assistance Unlimited
(9)(g) IRS Exemptions 100% of payments under Child Tax Credit and Earned Income Tax Credit
(10) Retirement Account Funds including Pension, Benefit, Annuity, Retirement Allowance, Accumulated Contributions, PERS Deferred Compensation, Ohio Public Safety Officers Death Benefit Fund, IRA, Roth IRA, Education Individual Retirement Account and Keogh or H.R. 10 Plan Unlimited
(11) Child and Spousal Support Unlimited
(12)(a) Right to Receive or Payments Received within Prior 12 Months on Account of Reparations (Victims of Crimes) Unlimited
(12)(b) Right to Receive or Payments Received within Prior 12 Months on Account of Wrongful Death Unlimited
(12)(c) Right to Receive or Payments Received within Prior 12 Months on Account of Personal Bodily Injury $25,175 aggregate
(12)(d) Right to Receive or Payments Received within Prior 12 Months on Account of Lost Future Earnings Unlimited
(13) Personal Earnings Greater of:If paid weekly 30 times federal minimum wage, bi-weekly 60 times, or monthly 100 times OR 75% of disposable earnings
(14) Partnership Property Unlimited
(15) Seal and Register of Public Notary Unlimited
(16) Tuition Payment Contract Unlimited
(18) General Exemption (Wild Card) $1,325 aggregate

 

Federal Bankruptcy Exemptions:

Exemption Amount
Tax Exempt Retirement Funds, Direct Transfers and Rollover Distributions 11 U.S.C. § 522(b)(3)(C) as amended by BAPCPA Unlimited
IRAs and Roth IRAs11 U.S.C. §§522(b)(3)(C), 522(n) as amended by BAPCPA $1,245,475 aggregate, not including rollover contributions, except such amount may be increased where justice so requires

 

Please call 216.225.9181, Email, or use the contact form to schedule an initial consultation.