Oregon Bankruptcy Exemptions
Homestead
18.428 & 18.402 & 18.395 - Real property you own up to $30,000 ($39,600 if
joint owners). Mobile home on land you own or a houseboat up to $23,000.
Joint owners may go up to $30,000. Mobile home on land you don't own,
$20,000 ($27,000 if joint). Property may not exceed 1 block in a city or
town, or 160 acres elsewhere. Sale proceeds exempt 1 year if plan to
purchase another home.
Personal Property
18.345 - Motor vehicle to $2,150; clothing, jewelry, personal items to
$1,800 total; household items, furniture, utensils, TVs and radios to $3,000
total; health aids; cash for sold exempt property; books, pictures & musical
instruments to $600 total; food & fuel to last 60 days if debtor is
householder; earned income tax credit; domestic animals & poultry with food
to last 60 days to $1,000; lost earnings payments for debtor or someone
debtor depended upon needed for support; personal injury recoveries to
$10,000; $400 of any personal property that is not already covered under any
other exemption.
18.348 - Bank deposits up to $7,500, and cash for sold exempt items.
18.362 - Pistol; rifle or shotgun if owned by person over the age of 16, up
to $1,000.
65.870 - Burial plot.
87.075 - Building materials that were to be used for the construction of an
improvement.
348.863 - Higher education savings accounts up to $7,500.
Wages
18.385 - The greater of the following: $170 per week or minimum of 75% of
disposable wages. Judge may approve more for low income debtor.
292.070 - Wages withheld in a state employee's bond saving account.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
18.358 - ERISA-qualified benefits and payments up to $7,500 including IRAs
and SEPs.
237.980 - Public officers and employees pension payments up to $7,500.
Public Benefits
18.345 & 147.325 - Crime victims' compensation.
407.125 - Proceeds of veterans' loans and veterans' benefits.
411.706 - Old-age assistance up to $7,500.
344.580 - Vocational rehabilitation up to $7,500.
414.095 - Medical assistance up to $7,500.
401.405 - Civil and disaster relief up to $7,500.
411.760 - General assistance up to $7,500.
655.530 - Injured inmates benefits up to $7,500.
411.706 - Aid to blind and disabled up to $7,500.
656.234 - Workers' compensation up to $7,500.
657.855 - Unemployment compensation up to $7,500.
Tools of Trade
18.345 - Tools, team with food that will last 60 days, or library up to
$3,000 total.
Alimony and Child Support
18.345 - Alimony and child support needed to support.
Insurance
743.046 - Life insurance proceeds or cash value if you are not the insured.
743.047 - Group life insurance policy or proceeds.
743.049 - Annuity contract benefits up to $500 per month.
743.050 - Health or disability insurance proceeds.
748.207 - Fraternal benefit society benefits.
Miscellaneous
471.292 – Liquor licenses.