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Iowa Bankruptcy Information > Buchanan County

Independence, Iowa Bankruptcy Information
Population: 8,796
Zip Codes:1

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Quick Reference: Standards applied in a
Buchanan County means test

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Iowa Bankruptcy Exemptions

Iowa Homestead

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)

Vehicle

$7,000

Wages

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

Personal property & Tools of Trade

Clothing & its storage containers, household furnishings, appliances, musical instruments, and other personal property to $7,000
Bibles, books, portraits, pictures, & paintings to $1,000 total
Rifle or musket; shotgun
Wedding or engagement rings, limited to $7,000 if purchased after the date of marriage and less than two prior to years of filing.

WildCard

$1,000 of any personal property, including cash

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