Though not included in Oregon’s statutory homestead exemption, a court has held that Oregon residents can exempt prepaid rent and security deposits for their residences.
| Oregon Bankruptcy Exemptions |
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| Assets |
Exemption |
State Statute |
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| Homestead |
Real
property that the debtor occupies or intends to occupy: up to $30,000 for 1
person; up to $39,600 for joint owners. Property size limited to 1 block in
town or city or 160 acres outside of incorporated
area. |
18.395; 18.402 |
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Mobile home on property owned by the debtor or houseboat: up
to $23,000 for 1 person; up to $30,000 for joint owners. Property size
limitations above apply. |
18.402; 18.428 |
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Mobile home on land not owned by debtor: up to $20,000 for 1
person; up to $27,000 for joint owners. |
18.428 |
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Proceeds from sale: all for 1 year after receipt if debtor
intends to buy another residence. |
18.395 |
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Real property of a soldier or sailor in time of war: all. |
408.44 |
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| Insurance |
Benefits from a fraternal benefit society: up to $7,500 |
18.348; 748.207 |
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Life insurance cash value/proceeds: all if the insured is not the debtor. |
743.046; 743.047 |
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Life insurance (group) policy/proceeds: all payable to someone other than
the insured. |
743.047 |
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Annuity contract: up to $500 per month in benefits. |
743.049 |
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Disability or health proceeds/avails: all. |
743.050 |
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| Miscellaneous |
Child support and alimony: all necessary for support. |
18.345(1)(i) |
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Liquor licenses: all. |
471.292(1) |
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| Pensions |
Federal pension exemptions. |
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IRAs, SEPs, and other ERISA-qualified benefit payments: up to $7500. |
18.348; 18.358 |
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Pension payments for public officers and employees: up to $7,500. |
18. 348(2); 237.980; 238.445 |
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| Personal Property |
Books, pictures, and musical instruments: up to $600 total. |
18.345(1)(a), (3) |
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Personal items including clothing and jewelry: up to $1,800 total. |
18.345(1)(b), (3) |
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Motor vehicle: up to $7,500. |
18.345(1)(d)(3), (3) |
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Pets and other domestic animals and poultry: up to $1,000 plus enough
food to last 60 days. |
18.345(1)(e) |
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Household items including furniture, utensils, televisions, and radios:
up to $3,000 total. |
18.345(1)(f) |
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Food and fuel: enough to last 60 days for a debtor who is a householder. |
18.345(1)(f) |
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Health aids: all professionally prescribed. |
18.345(1)(h) |
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Recoveries for personal injury: up to $10,000. |
18.345(1)(k)(3) |
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Federal tax credits for earned income: all. |
18.345(1)(n) |
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Lost earning compensation payments for the debtor or someone
the debtor depends on: all necessary. |
18.345(1)(L); (3) |
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Cash from sold exempt property: all. |
18.345(2) |
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Bank deposits: up to $7,000. |
18.348 |
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Savings account for higher education: up to $7,500. |
18.348(1); 348.863 |
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Guns, including pistol, rifle, or shotgun: up to $1,000 for
debtor over 16. |
18.362 |
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Burial plot: all. |
65.870 |
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Building material intended for construction of an improvement: all. |
87.075 |
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| Public Benefits |
Crime victim's compensation benefits: all. |
18.345(1)(j), (3); 147.325 |
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Vocational rehabilitation benefits: up to $7,500. |
18.348; 344.580 |
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Civil defense and disaster relief benefits: all. |
18.348; 401.405 |
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Blind aid: up to $7,500. |
18.348; 411.706; 411.760 |
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Disability benefits: up to $7,500. |
18.348; 411.706; 411.760 |
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Old age assistance benefits: up to $7,500. |
18.348; 411.706; 411.760 |
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General assistance benefits: up to $7,500. |
18.348; 411.760 |
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Medical assistance: up to $7,500. |
18.348; 414.095 |
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Benefits for injured inmates: up to $7,500. |
18.348; 655.530 |
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Workers' compensation benefits: up to $7,500. |
18.348; 656.234 |
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Unemployment compensation benefits: up to $7,500. |
18.348; 657.855 |
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Veteran's benefits and proceeds from Veteran's loans: all. |
18.348(m); 407.125; 407.595 |
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| Tools of Your Trade |
Library, tools, team of animals with feed to last 60 days: up to $3,000. |
18.345(1)(c), (3) |
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| Wages |
Wages: at least 75% of disposable weekly wage or $170, whichever is
greater. The bankruptcy judge may allow a larger exemption for a low-income
debtor. |
18.385 |
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Wages withheld for state employee bond savings account: all. |
292.070 |
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| Wildcard |
Personal property not covered by other exemption: up to $400. |
18.348(1)(o) |
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