SB 396 :: Oregon Now Allows Federal Exemptions, Adds Exemption for Medical Savings Accounts

 Oregon Opts In

Federal Bankruptcy Exemptions now allowed in Oregon Bankruptcies

On July 1, the Governor of Oregon signed into law SB 396, which contains a provision allowing Oregon debtors to select federal exemptions during bankruptcy.  The legislation takes effect immediately. Senate Bill 396 also modifies the Oregon Bankruptcy Exemptions exempts from execution debtor’s right to assets held in, or right to receive payments under, medical savings account or health savings account.

SB 396 :: Oregon Legislature Bill Tracker – Your Government – The Oregonian.

 

Here is the text of the bill, hilighting the new provisions in underline italic [Read more...]