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Citation: Stat. - Iowa Code 627.6 (15)

Iowa Bankruptcy Exemptions

Category: Personal Property

Summary: Residential security or utility deposit, or advance rent, to $500

  • Other State Citations
  • Other States on this topic 2

Other Iowa Exemption Citations

  • 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 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 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 627.6 (6) - Accident, disability, health, illness, or life proceeds or avails
  • Iowa Code 627.6 (8)(d) - Alimony, child support needed for support
  • Iowa Code 410.11 - Disabled firefighters, police officers (only payments being received)
  • Iowa Code 627.6 (5) - Clothing & its storage containers, household furnishings, appliances, musical instruments, and other personal property to $7,000
  • Iowa Code 239B.6 - Aid to dependent children
  • Iowa Code 627.6 (12) - Farming equipment; includes livestock, feed to $10,000
  • 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
  • Iowa Code 356.29 - Wages or salary of a prisoner
  • Iowa Code 627.6 (14) - $1,000 of any personal property, including cash, not otherwise exempt
  • Iowa Code 627.6 (11) - Nonfarming equipment to $10,000
  • Iowa Code 561.4 - May record homestead declaration
  • Iowa Code 627.6 (8)(c) - Disability or illness benefit
  • Iowa Code 509.12 - Employee group insurance policy or proceeds
  • Iowa Code 512B.18 - Fraternal benefit society benefits
  • 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 508.32 - Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors
  • Iowa Code 123.38 - Liquor licenses
  • Iowa Code 627.8 - Federal government pension
  • Iowa Code 411.13 - Firefighters
  • Iowa Code 97A.12 - Peace officers
  • Iowa Code 411.13 - Police officers
  • Iowa Code 97B.39 - Public employees
  • 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 (8)(f) - Retirement plans, Keoghs, IRAs, Roth IRAs, ERISAqualified benefits
  • Iowa Code 627.6 (3) - Bibles, books, portraits, pictures, & paintings to $1,000 total
  • Iowa Code 627.6 (4) - Burial plot to 1 acre
  • Iowa Code 627.6 (7) - Health aids
  • Iowa Code 627.6 (9) - One motor vehicle to $7,000
  • Iowa Code 627.6 (15) - Residential security or utility deposit, or advance rent, to $500
  • Iowa Code 627.6 (2) - Rifle or musket; shotgun
  • 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 627.19 - Adopted child assistance
  • Iowa Code 627.6 (8)(a) - Any public assistance benefit (includes earned income and child tax credits)
  • Iowa Code 627.6 (8)(a) - Social Security
  • Iowa Code 627.6 (8)(a) - Unemployment compensation
  • Iowa Code 627.6 (8)(b) - Veterans' benefits
  • Iowa Code 627.13 - Workers' compensation
  • Iowa Code 627.10 - Iowa has elected to "opt out" of the federal exemptions pursuant to Code 522(b). ICA 627.10.
  • Iowa Code 627.6 (10) - Tax refund, & accrued wages to $1,000
  • Iowa Code 627.6 (16) - Wrongful death proceeds and awards needed for support of debtor & dependents
  • Iowa Code 627.6 (1)(b) - Jewelry to $2,000
  • Iowa Code 29A.41 - National Guard articles of equipment
  • 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
  • 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
  • In re Hatch, 13-03342-als7 (Bankr.N.D.Iowa 2014) - Any public assistance benefit (includes earned income and child tax credits)
  • In re Longstreet, 246 B.R. 611 (Bankr. S.D. Iowa 2000) - Any public assistance benefit (includes earned income and child tax credits)
  • Iowa Code 509A.9 - Accident, disability, health, illness, or life proceeds or avails
  • Iowa Code 486A.203 - Partnership property
  • 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

50 State Personal Property Exemptions

 

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