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Automatically apply the Wood County expense standards, and Ohio income standards to your means test calculation.

Ohio Bankruptcy Exemptions
A quick summary of the main exemptions under Ohio law.

Ohio Bankruptcy Exemptions for 2020

Updated: 2020-08-27 by

Ohio Exemptions Summary:

Homestead

Real or personal property used as residence to $132,900 (as of April 1, 2013)

Vehicle Exemption

Motor vehicle to $3,675

Personal Property

Animals, crops, books, musical instruments, appliances, household goods, furnishings, firearms, hunting & fishing equipment to $575 per item; jewelry to $1,550 for 1 or more items; $12,250 total.
Cash, money due within 90 days, tax refund, bank, security, & utility deposits to $400 total (husband & wife may double)
Implements, books, & tools of trade to $2,235

Wild Card

$1,225 of any property

 

You may also be interested in:

  • What are Bankruptcy Exemptions?

    Every state has laws that designate certain types of property (your home, some personal possessions, tools of your trade) that are off-limits to "unsecured" creditors. Some states give you the option of using the Federal bankruptcy exemptions.

  • Where do I file for bankruptcy?

    Bankruptcy is federal law and you file in the local Federal District Bankruptcy Court. Find out yours.

  • Which State's Exemptions Must You Use?

    If you have lived in your state for two years prior to filing, use your state's exemptions. If you've lived in your state for less than two years, the rules are more complicated...

Automatically apply the Wood County expense standards, and Ohio income standards to your means test calculation.

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