Oregon Bankruptcy Exemptions

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Federal bankruptcy exemptions available? NO

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.

The references to Oregon statutes are to the Oregon Revised Statutes.

Resources:

United States Bankruptcy Court, District of Oregon

Oregon Bankruptcy Attorneys

<td >743.049

Oregon Bankruptcy Exemptions
Assets Exemption State Statute
Homestead Real property that the debtor occupies or intends to occupy: up to $40,000 for 1 person; up to $50,000 for joint owners. Property size limited to 1 block in town or city or 160 acres outside of incorporated area. 18.395; 18.402
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
Proceeds from sale: all for 1 year after receipt if debtor intends to buy another residence. 18.395
Real property of a soldier or sailor in time of war: all. 408.44
Insurance Benefits from a fraternal benefit society: up to $7,500 18.348; 748.207
Life insurance cash value/proceeds: all if the insured is not the debtor. 743.046; 743.047
Life insurance (group) policy/proceeds: all payable to someone other than the insured. 743.047
Annuity contract: up to $500 per month in benefits.
Disability or health proceeds/avails: all. 743.050
Miscellaneous Child support and alimony: all necessary for support. 18.345(1)(i)
Liquor licenses: all. 471.292(1)
Pensions Federal pension exemptions.
IRAs, SEPs, and other ERISA-qualified benefit payments: up to $7500. 18.348; 18.358
Pension payments for public officers and employees: up to $7,500. 18. 348(2); 237.980; 238.445
Personal Property Books, pictures, and musical instruments: up to $600 total. 18.345(1)(a), (3)
Personal items including clothing and jewelry: up to $1,800 total. 18.345(1)(b), (3)
Motor vehicle: up to $3,000. 18.345(1)(d)(3), (3)
Pets and other domestic animals and poultry: up to $1,000 plus enough food to last 60 days. 18.345(1)(e)
Household items including furniture, utensils, televisions, and radios: up to $3,000 total. 18.345(1)(f)
Food and fuel: enough to last 60 days for a debtor who is a householder. 18.345(1)(f)
Health aids: all professionally prescribed. 18.345(1)(h)
Recoveries for personal injury: up to $10,000. 18.345(1)(k)(3)
Federal tax credits for earned income: all. 18.345(1)(n)
Lost earning compensation payments for the debtor or someone the debtor depends on: all necessary. 18.345(1)(L); (3)
Cash from sold exempt property: all. 18.345(2)
Bank deposits: up to $7,500. 18.348
Savings account for higher education: up to $7,500. 18.348(1); 348.863
Guns, including pistol, rifle, or shotgun: up to $1,000 for debtor over 16. 18.362
Burial plot: all. 97.675
Building material intended for construction of an improvement: all. 87.075
Public Benefits Crime victim's compensation benefits: all. 18.345(1)(j), (3); 147.325
Vocational rehabilitation benefits: up to $7,500. 18.348; 344.580
Civil defense and disaster relief benefits: all. 18.348; 401.405
Blind aid: up to $7,500. 18.348; 411.706; 411.760
Disability benefits: up to $7,500. 18.348; 411.706; 411.760
Old age assistance benefits: up to $7,500. 18.348; 411.706; 411.760
General assistance benefits: up to $7,500. 18.348; 411.760
Medical assistance: up to $7,500. 18.348; 414.095
Benefits for injured inmates: up to $7,500. 18.348; 655.530
Workers' compensation benefits: up to $7,500. 18.348; 656.234
Unemployment compensation benefits: up to $7,500. 18.348; 657.855
Veteran's benefits and proceeds from Veteran's loans: all. 18.348(m); 407.125; 407.595
Tools of Your Trade Library, tools, team of animals with feed to last 60 days: up to $5,000. 18.345(1)(c), (3)
Wages Wages: at least 75% of disposable weekly wage. The bankruptcy judge may allow a larger exemption for a low-income debtor. 18.385
Wages withheld for state employee bond savings account: all. 292.070
Wildcard Personal property not covered by other exemption: up to $400. 18.345

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