Bankruptcy Exemption Citations
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In re Irish, 311 B.R. 63 (8th Cir. B.A.P. 2004) - Expected annual earnings Amount NOT exempt per year
$0 to $12,000 -- $250
$12,000 to $16,000 -- $400
$16,000 to $24,000 -- $800
$24,000 to $35,000 -- $1,000
$35,000 to $50,000 -- $2,000
More than $50,000 -- 10%
Not exempt from spousal or child support
In bankruptcy, exemptions of wages and tax refunds may not exceed $1,000
Iowa Code § 499A.18 - Real property or an apartment to an unlimited value; property cannot exceed 1/2 acre in town or city, 40 acres elsewhere (husband & wife may not double)
Iowa Code § 508.32 - Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors
Iowa Code § 537.5105 - Expected annual earnings Amount NOT exempt per year
$0 to $12,000 -- $250
$12,000 to $16,000 -- $400
$16,000 to $24,000 -- $800
$24,000 to $35,000 -- $1,000
$35,000 to $50,000 -- $2,000
More than $50,000 -- 10%
Not exempt from spousal or child support
In bankruptcy, exemptions of wages and tax refunds may not exceed $1,000
Iowa Code § 561.16 - Real property or an apartment to an unlimited value; property cannot exceed 1/2 acre in town or city, 40 acres elsewhere (husband & wife may not double)
Iowa Code § 561.2 - Real property or an apartment to an unlimited value; property cannot exceed 1/2 acre in town or city, 40 acres elsewhere (husband & wife may not double)
Iowa Code § 627.6 (10) - Expected annual earnings Amount NOT exempt per year
$0 to $12,000 -- $250
$12,000 to $16,000 -- $400
$16,000 to $24,000 -- $800
$24,000 to $35,000 -- $1,000
$35,000 to $50,000 -- $2,000
More than $50,000 -- 10%
Not exempt from spousal or child support
In bankruptcy, exemptions of wages and tax refunds may not exceed $1,000
Iowa Code § 627.6 (6) - Life insurance proceeds paid to spouse, child, or other dependent (limited to $10,000 if acquired within 2 years of filing for bankruptcy)
Iowa Code § 627.6 (6)(c) - Upon death of insured, up to $15,000 total proceeds from all matured life, accident, health, or disability policies exempt from beneficiary's debts contracted before insured's death
Iowa Code § 627.6 (8)(e) - Other pensions, annuities, and contracts fully exempt; however, contributions made within 1 year prior to filing for bankruptcy not exempt to the extent they exceed normal and customary amounts
Iowa Code § 627.6 (1)(a) - Wedding or engagement rings, limited to $7,000 if purchased after the date of marriage and less than two prior to years of filing.
Iowa Code § 627.6 (8)(a) - Any public assistance benefit (includes earned income and child tax credits)
Iowa Code § 627.6 (5) - Clothing & its storage containers, household furnishings, appliances, musical instruments, and other personal property to $7,000
Iowa Code § 642.21 - Expected annual earnings Amount NOT exempt per year
$0 to $12,000 -- $250
$12,000 to $16,000 -- $400
$16,000 to $24,000 -- $800
$24,000 to $35,000 -- $1,000
$35,000 to $50,000 -- $2,000
More than $50,000 -- 10%
Not exempt from spousal or child support
In bankruptcy, exemptions of wages and tax refunds may not exceed $1,000
Conn. Gen. Stat. Ann. § 52-352d - Farm partnership animals and livestock feed reasonably required to run farm where at least 50% of partners are members of same family