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Ohio Personal Property Exemptions: The Property Creditors Can Not Touch!

Macey & Aleman can use Ohio state law to protect equity in your personal property. Equity is the difference between the market value of your property and the claims held against it. Listed below are some of the most common types of Ohio bankruptcy exemptions that we can use to help keep creditor's hands off your cherished possessions. The Ohio bankruptcy exemptions below are intended for educational purposes only. They are not intended as legal advice, as their practical application in a U.S. federal bankruptcy case is often very involved. For more information, contact our Ohio bankruptcy attorneys.

Homestead Ohio Bankruptcy Exemptions

We can use these Ohio bankruptcy exemptions to protect up to $5,000 in equity in your house per person to a maximum of $10,000. Unfortunately we can't use these Ohio bankruptcy exemptions to protect a rental property or a house you are not living in.

Motor Vehicle Ohio Bankruptcy Exemptions

Macey & Aleman can use these Ohio bankruptcy exemptions to protect $1,000 in value of any one motor vehicle listed in your bankruptcy. Additionally, if you file the U.S. federal bankruptcy with a spouse we can use both vehicle Ohio bankruptcy exemptions to protect up to $2,000 in vehicle equity as long as both you and your spouse are on the title to the car.

Clothing, Textbooks, Bible, Family Pictures Ohio Bankruptcy Exemptions

These Ohio bankruptcy exemptions allows Macey & Aleman to protect $200 per item of various personal items such as your clothing and personal heirlooms up to a maximum of $2,000 per debtor.

Life Insurance Proceeds Ohio Bankruptcy Exemptions

Under these Ohio bankruptcy exemptions we can protect 100% of a life insurance contract payable to a spouse, child or dependent.

Alimony, Support Ohio Bankruptcy Exemptions

Macey & Aleman may also be able to exempt alimony, support, or separate maintenance, to the extent reasonably necessary to help support you during your U.S. federal bankruptcy.

Qualified Retirement Plan Ohio Bankruptcy Exemptions

Macey & Aleman can prevent creditors from touching the proceeds of your hard-earned retirement plan. We can exempt anything from stock bonuses, pensions, profit sharing plans and annuities as long as we determine that your savings are in a qualified retirement plan.

Tools of the Trade, Professional Books Ohio Bankruptcy Exemptions

These are useful Ohio bankruptcy exemptions that we use to protect up to $750 of the tools you use in your profession. For example, shears, scissors and combs are the tools of a hairdresser; wrenches and hammers for a mechanic and carpenter.

Unemployment Compensation Benefits Ohio Bankruptcy Exemptions

Macey & Aleman can protect all of your unemployment compensation from creditor's reach. However, past due child support may still be deducted from the income of people receiving public assistance during U.S. federal bankruptcy.

Worker's Compensation Ohio Bankruptcy Exemptions

We can protect 100% of compensation you receive under Ohio workers' compensation laws. Macey & Aleman can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability. In Ohio, workers' compensation cases are 100% exempt. If you are injured while working then that is money you deserve and creditors will be prevented from reaching those funds.

Wildcard Ohio Bankruptcy Exemptions (Any Personal Property of Debtor)

Last, but probably most important of the Ohio bankruptcy exemptions is the Wildcard Exemption. Using the Wildcard Exemption in your U.S. Federal bankruptcy case, Macey & Aleman can protect up to $400 of any type of personal property. We can protect anything you own that has equity in excess of the above Ohio bankruptcy exemptions.

Learn more about Oregon bankruptcy exemptions.