Oklahoma Bankruptcy Exemptions
Homestead
31-1 - Real property or manufactured home of unlimited value, but cannot
exceed 160 acres if not in a city or town, or 1 acre in a city or town. You
may rent the homestead as long as you do not acquire another. May be limited
to $5,000 if more than 25% of area of improvements is used for business
purposes.
Personal Property
8-7 - Burial plots.
31-1 - Motor vehicle up to $3,000; clothing up to $4,000; furniture, books,
portraits, pictures, gun and health aids; food to last 1 year; 2 bridles and
2 saddles; 100 chickens, 20 sheep, 10 hogs, 5 cows and calves under 1 year,
2 horses and forage for livestock to last 1 year; personal injury, workers'
compensation and wrongful death recoveries up to $50,000 total; college
savings plan interest; Deposits made into an Individual Development Account;
Federal earned income tax credit; 1 gun.
36-6125 - Prepaid funeral benefits.
51-42 - War bond payroll savings accounts.
Wages
12-1171.1 & 31-1 - 75% of wages earned within 90 days prior to filing
bankruptcy. Judge may approve more if you can show hardship
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
11-49-126 - Firefighters.
31-7 - Disabled veterans.
11-50-124 - Police officers.
20-1111 - Judges.
47-2-303.3 - Law enforcement employees.
19-959 - County employees.
60-328 - Tax exempt benefits.
31-1 - ERISA-qualified benefits.
70-17-109 - Teachers.
74-923 - Public employees.
Public Benefits
21-142.13 - Crime victims' compensation.
40-2-303 - Unemployment compensation.
56-173 - Public assistance and social Security.
85-48 - Workers' compensation.
Tools of Trade
31-1 - Tools, books, apparatus of trade, and husbandry implements to farm
homestead, up to $5,000 total.
Alimony and Child Support
31-1 - Alimony and child support.
Insurance
36-2410 - Assessment or mutual benefits.
36-2510 - Limited stock insurance benefits.
36-2718.1 - Fraternal benefit society benefits.
36-3631 - Life insurance policy or proceeds if the policy does not prohibit
it being paid to creditors.
36-3632 - Group life insurance policy or proceeds if you are not the
insured.
36-6125 - Funeral benefits if pre-paid and placed in trust.
Miscellaneous
6-3010 - Beneficiary's interest in a statutory support trust.
37-532 - Liquor license.
54-1-501 - Business partnership property.