Utah Bankruptcy Exemptions 2023
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Written by Upsolve Team.
Reviewed September 29, 2021
It's important to understand what the exemptions for Utah 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 Utah allow federal exemptions?
Utah 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.
Utah Exemptions
Utah Code Ann. § 31A-9-603
Most people use Utah Code Ann. § 31A-9-603 to cover fraternal benefits, societal benefit. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 34A-2-422
Most people use Utah Code Ann. § 34A-2-422 to cover workers compensation. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(iii)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(iii) to cover occupational disease compensation. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 35A-3-112
Most people use Utah Code Ann. § 35A-3-112 to cover benefits under the employment support act. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(iii)(C)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(iii)(C) to cover unemployment compensation. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 39-1-47
Most people use Utah Code Ann. § 39-1-47 to cover military property issued to or owned by members of the national guard. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 48-1-22(2)(c)
Most people use Utah Code Ann. § 48-1-22(2)(c) to cover partnerships. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 49-11-612
Most people use Utah Code Ann. § 49-11-612 to cover public employees pensions. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 63-25a-421 (4)
Most people use Utah Code Ann. § 63-25a-421 (4) to cover crime victim's compensation. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505
Most people use Utah Code Ann. § 78B-5-505 to cover life insurance (proceeds and avails). For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505
Most people use Utah Code Ann. § 78B-5-505 to cover medical, surgical or hospital benefits. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(ii)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(ii) to cover health aids. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(iii)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(iii) to cover disability benefits. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(v)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(v) to cover veteran's benefits. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(vi); Utah Code Ann. § 78B-5-505 (1)(a)(vii)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(vi); Utah Code Ann. § 78B-5-505 (1)(a)(vii) to cover alimony, child, maintenance support. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(viii)(A)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(viii)(A) to cover household goods and furnishings. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(viii)(B)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(viii)(B) to cover all carpets in use. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(viii)(C)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(viii)(C) to cover food, water and storage - for 12 months. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(viii)(D)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(viii)(D) to cover all wearing apparel of every individual and dependent, excluding jewelry and furs. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(viii)(E)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(viii)(E) to cover all beds and bedding for every individual and dependent. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(x)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(x) to cover personal injury settlement. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(xi)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(xi) to cover life insurance (for spouse or dependent). For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(xiv)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(xiv) to cover erisa-qualified benefits, iras, keoghs. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(xvi)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(xvi) to cover unpaid wages - 75% or 30 times federal min hourly wage. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505(1)(a)(xvii)
Most people use Utah Code Ann. § 78B-5-505(1)(a)(xvii) to cover firearms - any three of: handgun, shotgun, or shoulder arm. For single debtors filing, it has no coverage limit. This exemption has a limit to the number of assets it can cover.
Utah Code Ann. § 78B-5-506 (1)(a)
Most people use Utah Code Ann. § 78B-5-506 (1)(a) to cover sofas and furnishings. For single debtors filing, it has a coverage limit of $1,000.
Utah Code Ann. § 78B-5-506 (1)(b)
Most people use Utah Code Ann. § 78B-5-506 (1)(b) to cover dining and kitchen furniture. For single debtors filing, it has a coverage limit of $1,000.
Utah Code Ann. § 78B-5-506 (1)(c)
Most people use Utah Code Ann. § 78B-5-506 (1)(c) to cover animals, books, and musical instruments. For single debtors filing, it has a coverage limit of $1,000.
Utah Code Ann. § 78B-5-506 (2)
Most people use Utah Code Ann. § 78B-5-506 (2) to cover tools of trade. motor vehicle for business. For single debtors filing, it has a coverage limit of $5,000.
Utah Code Ann. § 78B-5-506 (3)
Most people use Utah Code Ann. § 78B-5-506 (3) to cover motor vehicle (one). For single debtors filing, it has a coverage limit of $3,000. This exemption has a limit to the number of assets it can cover.
Utah Code Ann. § 78B-5-506 (d)
Most people use Utah Code Ann. § 78B-5-506 (d) to cover heirlooms or other items of sentimental value. For single debtors filing, it has a coverage limit of $1,000.
Utah Code Ann. § 78B-5-507
Most people use Utah Code Ann. § 78B-5-507 to cover proceeds for sold, lost, or damaged exempt property. For single debtors filing, it has no coverage limit.
Utah Code Ann. § 78B-5-505 (1)(a)(ix)
Most people use Utah Code Ann. § 78B-5-505 (1)(a)(ix) to cover works of art depicting or produced by the debtor. For single debtors filing, it has no coverage limit.
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.
