Oklahoma Bankruptcy Exemptions

AssetsExemptionState Statutes
     
Homestead Real property or manufactured home to unlimited value; property cannot exceed 1 acre in city, town, or village, or 160 acres elsewhere; $5,000 limit if more than 25% of total sq. ft. area used for business purposes; okay to rent homestead as long as no other residence is acquired. 31 Okla. Stat. Ann. § 1 (A)(1)  31 Okla. Stat. Ann. § 1 (A)(2)  31 Okla. Stat. Ann. § 2 
     
Insurance Annuity benefits and cash value. 36 Okla. Stat. Ann. § 3631.1
Assessment or mutual benefits. 36 Okla. Stat. Ann. § 2410
Fraternal benefit society benefits. 36 Okla. Stat. Ann. § 2718.1
Funeral benefits prepaid and placed in trust. 36 Okla. Stat. Ann. § 6125
Group life policy or proceeds. 36 Okla. Stat. Ann. § 3632
Life, health, accident, & mutual benefit insurance proceeds & cash value, if clause prohibits proceeds from being used to pay beneficiary’s creditors. 36 Okla. Stat. Ann. § 3631.1
Limited stock insurance benefits. 36 Okla. Stat. Ann. § 2510
     
Misc. Alimony, child support. 31 Okla. Stat. Ann. § 1 (A)(19)
Beneficiary’s interest in a statutory support trust. 6 Okla. Stat. Ann. § 3010
Liquor license. 37 Okla. Stat. Ann. § 532
Property of business partnership. 54 Okla. Stat. Ann. § 1-504
     
Pensions County employees. 19 Okla. Stat. Ann. § 959
Disabled veterans. 31 Okla. Stat. Ann. § 7
ERISA-qualified benefits, IRAs, Roth IRAs, Education IRAs & Keoghs. 31 Okla. Stat. Ann. § 1 (A)(20),(24)
Firefighters. 11 Okla. Stat. Ann. § 49-126
Judges. 20 Okla. Stat. Ann. § 1111
Law enforcement employees. 47 Okla. Stat. Ann. § 2-303.3
Police officers. 11 Okla. Stat. Ann. § 50-124
Public employees. 74 Okla. Stat. Ann. § 923
Tax exempt benefits. 60 Okla. Stat. Ann. § 328
Teachers. 70 Okla. Stat. Ann. § 17-109
     
Personal Property Books, portraits, and pictures. 31 Okla. Stat. Ann. § 1 (A)(6)
Burial plots. 8 Okla. Stat. Ann. § 7
31 Okla. Stat. Ann. § 1 (A)(4)
Clothing to $4,000. 31 Okla. Stat. Ann. § 1 (A)(7)
College savings plan interest. 31 Okla. Stat. Ann. § 1 (A)(24)
Deposits in an IDA (Individual Development Account). 31 Okla. Stat. Ann. § 1 (A)(22)
Federal earned income tax credit. 31 Okla. Stat. Ann. § 1 (A)(23)
Food & seed for growing to last 1 year. 31 Okla. Stat. Ann. § 1 (A)(17)
Guns for household use to $2,000. 31 Okla. Stat. Ann. § 1 (A)(14)
Health aids. 31 Okla. Stat. Ann. § 1 (A)(9)
Household & kitchen furniture, personal computer & related equipment. 31 Okla. Stat. Ann. § 1 (A)(3)
Livestock for personal or family use: 5 dairy cows & calves under 6 months; 100 chickens; 20 sheep; 10 hogs; 2 horses, bridles, & saddles; forage & feed to last 1 year. 31 Okla. Stat. Ann. § 1 (A)(10),(11),(12), (15),(16),(17)
Motor vehicle to $7,500. 31 Okla. Stat. Ann. § 1 (A)(13
     
Public Benefits Crime victims’ compensation. 21 Okla. Stat. Ann. § 142.13
Public assistance. 56 Okla. Stat. Ann. § 173
Social Security. 56 Okla. Stat. Ann. § 173
Unemployment compensation. 40 Okla. Stat. Ann. § 2-303
     
Tools of Your Trade Implements needed to farm homestead, tools, books, & apparatus to $10,000 total. 31 Okla. Stat. Ann. § 1 (A)(5)
     
Wages 75% of wages earned in 90 days before filing bankruptcy; bankruptcy judge may allow more if you show hardship. 12 Okla. Stat. Ann. § 1171.1
31 Okla. Stat. Ann. § 1 (A)(18)
31 Okla. Stat. Ann. § 1.1
     
Wildcard None listed.

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