Ohio Bankruptcy Exemptions 2020
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Written by Upsolve Team.
Updated September 23, 2020
It's important to understand what the exemptions for Ohio are and how they're most often used in a bankruptcy case.
How Do Exemptions Work?
When you file for Chapter 7 bankruptcy, one of the biggest questions is whether or not you will be able to keep your property.
That depends on which property exemptions you can use on your bankruptcy forms. They are called exemptions because they “exempt” -- or “excuse” -- certain property from being taken. In most cases, exemptions protect most day-to-day items that you own, unless you have expensive property like a house or a car.
Certain exemptions protect entire categories of property like retirements accounts, regardless of value. Other exemptions only protect specific property like a vehicle up to a certain value.
If you're looking for a deep understanding of bankruptcy exemptions, read this article.
Does Ohio allow federal exemptions?
Ohio does not recognize the federal exemptions.
Every state has its own set of property exemptions. And some states also allow you choose between their exemptions and a set of federal bankruptcy exemptions. When they do, they will generally let you to choose the system that is the best fit for you. Although some states allow you to use the federal bankruptcy exemptions, others do not.
Ohio Exemptions
11 U.S.C. § 522(b)(3)(C)
Most people use 11 U.S.C. § 522(b)(3)(C) to cover tax exempt retirement accounts. For single debtors filing, it has no coverage limit.
5 U.S.C. §§ 8437(e)(g), 11 U.S.C. § 541(c)(2)
Most people use 5 U.S.C. §§ 8437(e)(g), 11 U.S.C. § 541(c)(2) to cover thrift savings plan. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(2)
Most people use Ohio § 2329.66(A)(2) to cover motor vehicles. For single debtors filing, it has a coverage limit of $4,000. This exemption has a limit to the number of assets it can cover.
Ohio § 2329.66(A)(4)(a)
Most people use Ohio § 2329.66(A)(4)(a) to cover household furnishings, household goods, wearing apparel, appliances, books,animals, crops, musical instruments, firearms, and hunting and fishing equipment. For single debtors filing, it has a coverage limit of $13,400.
Ohio § 2329.66(A)(4)(b)
Most people use Ohio § 2329.66(A)(4)(b) to cover jewelry. For single debtors filing, it has a coverage limit of $1,700.
Ohio § 2329.66(A)(7)
Most people use Ohio § 2329.66(A)(7) to cover health aids. For single debtors filing, it has no coverage limit.
Ohio § 2329.66 (A)(16)
Most people use Ohio § 2329.66 (A)(16) to cover tuition credits. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(10)(b)
Most people use Ohio § 2329.66(A)(10)(b) to cover private pension plans. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(10)(c); Ohio § 23.29.66(A)(10)(e)
Most people use Ohio § 2329.66(A)(10)(c); Ohio § 23.29.66(A)(10)(e) to cover ira and roth ira. For single debtors filing, it has a coverage limit of $1,283,025.
Ohio § 5505.22
Most people use Ohio § 5505.22 to cover state highway patrol pensions. For single debtors filing, it has no coverage limit.
Ohio § 3307.41
Most people use Ohio § 3307.41 to cover teachers pension. For single debtors filing, it has no coverage limit.
Ohio § 3309.66
Most people use Ohio § 3309.66 to cover public school employee pensions. For single debtors filing, it has no coverage limit.
Ohio § 146.13
Most people use Ohio § 146.13 to cover volunteer firefighters dependents fund. For single debtors filing, it has no coverage limit.
Ohio § 145.56; Ohio § 2329.66 (A)(10)(a)
Most people use Ohio § 145.56; Ohio § 2329.66 (A)(10)(a) to cover public employee pension. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(10)(d)
Most people use Ohio § 2329.66(A)(10)(d) to cover keogh or hr 10 plan. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(10)(b)
Most people use Ohio § 2329.66(A)(10)(b) to cover erisa. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(10)(d)
Most people use Ohio § 2329.66(A)(10)(d) to cover firefighters, police benefits. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(3)
Most people use Ohio § 2329.66(A)(3) to cover security deposits, cash, checking, savings, expected tax refunds. For single debtors filing, it has a coverage limit of $500.
Ohio § 2329.66(A)(6)(b)
Most people use Ohio § 2329.66(A)(6)(b) to cover annuities. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(10)(c); Ohio § 2329.66(A)(10)(e)
Most people use Ohio § 2329.66(A)(10)(c); Ohio § 2329.66(A)(10)(e) to cover education ira. For single debtors filing, it has no coverage limit.
Ohio § 2329.66 (A)(9)(f)
Most people use Ohio § 2329.66 (A)(9)(f) to cover childcare or earned income tax credit. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(15); Ohio § 147.04
Most people use Ohio § 2329.66(A)(15); Ohio § 147.04 to cover notary public seal. For single debtors filing, it has no coverage limit.
Ohio § 3304.19
Most people use Ohio § 3304.19 to cover vocational rehabilitation benefits. For single debtors filing, it has no coverage limit.
Ohio § 4123.67
Most people use Ohio § 4123.67 to cover workers compensation. For single debtors filing, it has no coverage limit.
Ohio § 5107.75
Most people use Ohio § 5107.75 to cover cash assistance - oh works first programe. For single debtors filing, it has no coverage limit.
Ohio § 5115.06
Most people use Ohio § 5115.06 to cover disability assistance. For single debtors filing, it has no coverage limit.
Ohio § 2329.66 (A)(12)(d)
Most people use Ohio § 2329.66 (A)(12)(d) to cover lost future earnings - 12 months before filing (for support). For single debtors filing, it has no coverage limit.
Ohio § 2329.66 (A)(13)
Most people use Ohio § 2329.66 (A)(13) to cover wages - 75% of disposable earnings. For single debtors filing, it has no coverage limit.
Ohio § 329.66 (A)(12)(b)
Most people use Ohio § 329.66 (A)(12)(b) to cover wrongful death awards - 12 months prior to filing (for support). For single debtors filing, it has no coverage limit.
Ohio § 2329.66 (A)(12)(a)
Most people use Ohio § 2329.66 (A)(12)(a) to cover crime victims' compensation - 12 months prior to filing. For single debtors filing, it has no coverage limit.
Ohio § 4141.32
Most people use Ohio § 4141.32 to cover unemployment compensation. For single debtors filing, it has no coverage limit.
Ohio § 3911.14
Most people use Ohio § 3911.14 to cover life insurance (if clause prohibits). For single debtors filing, it has no coverage limit.
Ohio § 3921.18; Ohio § 2329.66 (A)(6)(d)
Most people use Ohio § 3921.18; Ohio § 2329.66 (A)(6)(d) to cover fraternal benefit. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(6)(b)
Most people use Ohio § 2329.66(A)(6)(b) to cover life insurance (term). For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(6)(c)
Most people use Ohio § 2329.66(A)(6)(c) to cover life insurance (group). For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(12)(c)
Most people use Ohio § 2329.66(A)(12)(c) to cover personal injury settlement. For single debtors filing, it has a coverage limit of $23,700.
Ohio § 2329.66(A)(6)(e); Ohio § 3923.19
Most people use Ohio § 2329.66(A)(6)(e); Ohio § 3923.19 to cover accident insurance - $600/month. For single debtors filing, it has a coverage limit of $600.
Ohio § 2329.66(A)(6)(a)
Most people use Ohio § 2329.66(A)(6)(a) to cover interest in estate of decedent. For single debtors filing, it has a coverage limit of $5,000.
Ohio § 2329.66(A)(5)
Most people use Ohio § 2329.66(A)(5) to cover tools of trade. For single debtors filing, it has a coverage limit of $2,400.
Ohio § 2329.66(A)(14)
Most people use Ohio § 2329.66(A)(14) to cover partnerships. For single debtors filing, it has no coverage limit.
Ohio § 2329.66(A)(18)
Most people use Ohio § 2329.66(A)(18) to cover wildcard. For single debtors filing, it has a coverage limit of $1,325.
