Legal Assistance with Bankruptcy Exemptions in Ohio to Prevent Liquidation

Maximizing clients’ exemptions in bankruptcy cases

Many folks shy away from filing bankruptcy because they are afraid of losing their property. Under Ohio law, there are many bankruptcy exceptions that enable you to protect your property from liquidation or creditor attachment.

A bankruptcy exemption is property a debtor gets to keep after a bankruptcy. The exempted property is treated as if it were outside the debtor’s bankruptcy estate. Bankruptcy exemptions are available only to individuals, and all exemptions must be approved by the bankruptcy judge. Rebecca Hockenberry of Hockenberry Law Office, LLC, helps bankruptcy clients hang on to as much of their property as the law allows.

What property is covered by bankruptcy exemptions?

Exemptions are allowed in both Chapter 7 and Chapter 13 bankruptcies. Each exemption has a dollar cap. So, for example, only a portion of the value of your home might be exempt. The major bankruptcy exemptions in Ohio include:

  • Homestead
  • Vehicle
  • Life insurance
  • Workers’ comp benefits
  • Disability benefits
  • Child support
  • Alimony
  • Animals
  • Crops
  • Books
  • Musical instruments
  • Appliances
  • Household goods
  • Furnishings
  • Firearms
  • Hunting and fishing equipment
  • Jewelry
  • Beds and bedding
  • Clothing
  • Cash on hand
  • Tax refunds
  • Security and utility deposits
  • Cooking unit and refrigerator
  • Tools of trade
  • Burial plot
  • Wild card (applies to any property)

Does it make a difference if I am married?

In Ohio, married couples are allowed to effectively double their exemptions if they both are seeking bankruptcy protection. That means that each may claim the full exemption amount for any property belonging to them.

Ohio bankruptcy attorneys help you claim exemptions

Contact Hockenberry Law Office, LLC if you need an attorney who will listen, answer your questions and genuinely care about your case. We are available from 9 a.m. to 5 p.m., Monday through Friday, and by appointment at other times. Call us today at (567) 560-2095 for your free 15-minute consultation or contact us online.


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