What are the Ohio bankruptcy exemptions?
Under Ohio law, you may exempt the following property from bankruptcy:
- Up to $145,425 in home equity.
- Up to $4,000 of value in a motor vehicle.
- Up to $500 of cash on hand or on deposit.
- Household items worth less than $625, up to an aggregate total of goods worth
$13,400. - Up to $1,700 in jewelry.
- Up to $2,550 in property used for your job or business.
- Up to $25,175 in personal injury lawsuit compensation.
- Up to 75 percent of your wages.
- The full amount of your life insurance policy.
- The full value of your burial plot.
- The full amount of your workers’ compensation benefits.
- The full amount of unemployment benefits.
- The full value of your retirement plans or accounts.
- Up to $1,325 of value in any property you choose. The amount can be added on to other exemptions or used to protect property that is not otherwise exempt.
