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

Your U.S. federal bankruptcy attorneys can use Oregon state law to protect the 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 Oregon bankruptcy exemptions that an attorney can use to help keep creditor's hands off your possessions. The Oregon 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. Additionally, the Oregon bankruptcy exemptions below are not an exhaustive list, therefore you should contact our Oregon bankruptcy attorneys to determine the other types of property that you own which may be exempt.

Homestead Oregon Bankruptcy Exemptions

These Oregon bankruptcy exemptions can be used to protect up to $25,000 in equity in your house and up to $33,000 if you file with your spouse.

Motor Vehicle Oregon Bankruptcy Exemptions

Your U.S. federal bankruptcy attorneys can use these Oregon bankruptcy exemptions to protect $1,700 in value of any one motor vehicle listed in your U.S. federal bankruptcy.

Household Furniture Oregon Bankruptcy Exemptions

These Oregon bankruptcy exemptions allow your U.S. federal bankruptcy lawyers to protect up to $3000 of your household furniture in items ranging from your kitchen table to your living room couch.

Life Insurance Proceeds Oregon Bankruptcy Exemptions

These Oregon bankruptcy exemptions can protect 100% of the value in life insurance that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).

Retirement Plan Oregon Bankruptcy Exemptions

Your U.S. federal bankruptcy attorneys can prevent creditors from touching the proceeds of your many types of retirement plans. They can exempt anything from stock bonuses, pensions, profit sharing plans and annuities as long as we determine that your savings match a specific type of retirement plan.

Tools of the Trade, Professional Books Oregon Bankruptcy Exemptions

These are useful Oregon bankruptcy exemptions that can be used to protect up to $3,000 of the tools you use in your profession. For example, shears, scissors and combs are the tools of a hairdresser, as are wrenches and hammers for a mechanic and carpenter.

Unemployment Compensation Benefits Oregon Bankruptcy Exemptions

Your U.S. federal bankruptcy lawyers can protect all of your unemployment compensation from creditors' reach. However, past due child support may still be deducted from the income of people receiving public assistance.

Worker's Compensation Oregon Bankruptcy Exemptions

These Oregon bankruptcy exemptions can help to protect 100% of compensation you receive under Oregon workers' compensation laws. Your U.S. federal bankruptcy lawyers can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability. In Oregon, 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.

Learn more about Pennsylvania bankruptcy exemptions.