OK Bankruptcy Exemptions
|
FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Oklahoma bankruptcy Code unless noted. |
|
ASSET |
EXEMPTION |
LAW PROVISION |
|
HOMESTEAD
|
Real property or manufactured home to unlimited value; property cannot ¼ acre, may claim $5000 on 1 acre in city, town or village, or 160 acres elsewhere (need not occupy homestead to claim it exempt as long as you dont acquire another) |
31-1(A) (1), 31-1(A) (2), 31-2 |
|
INSURANCE |
Assessment or mutual benefits
Fraternal benefit society benefits
Funeral benefits prepaid & placed in trust
Group life policy or proceeds
Limited stock insurance benefits |
36-2410
36-2720
36-6125
36-3632
36-2510 |
|
MISC. |
Alimony, child support
Property of business partnership |
31-1(A) (19)
54-225 |
|
PENSIONS |
County employees
Disabled veterans
ERISA-qualified benefits
Firefighters
Law enforcement employees
Police officers
Public employees
Tax exempt benefits
Teachers |
19-959
31-7
31-1(A) (20)
11-49-126
47-2-303.3
11-50-124
74-923
60-328
70-17-109 |
|
PERSONAL PROPERTY |
Books, portraits, pictures & gun
2 bridles & 2 saddles
Burial plots
100 chickens, 10 hogs, 5 cows & calves under 6 months, 20 sheep; forage for livestock to last 1 year (cows must be able to produce milk for human consumption)
Clothing to $4000
Furniture, health aids, food to last 1 year
Motor vehicle to $7,500
Personal injury, wrongful death & workers’ compensation recoveries to $50,000 total; cannot include punitive damages |
31-1(A) (7), (14)
31-1(A) (12)
31-1(A) (4), 8-7
31-1 (A) (10), (11), (15), (16)
31-1(A) (8)
31-1(A) (3), (9), (17)
31-1(A) (13)
31-1(A) (21); In re Luckinbill, 163 B.R. 856 (W.D. Okla. 1994) |
|
PUBLIC BENEFITS |
Crime victims’ compensation
Social security
Unemployment compensation
Worker’s compensation (see personal property) |
21-142.13
56-173
40-2-203
85-48 |
|
TOOLS OF TRADE |
Implements to farm homestead, tools, books & apparatus to $10,000 total |
31-1(A) (5), (6), 31-1( C) |
|
WAGES |
75% of wages earned in 90 days before filing bankruptcy; bankruptcy judge may allow more if you show hardship |
12-1171.1,
31-1(A) (18) |
|
WILD CARD |
None |
|
Oklahoma Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
| BANKRUPTCY COURTS |
NUMBER OF COPIES |
Eastern District
111 W. 4th Street, 2nd Floor
Okmulgee, OK 74447
Telephone: (918)549-7200
|
contact clerks office |
Northern District
224 S. Boulder, 1st Floor
Tulsa, OK 74103
Telephone: (918)-699-4000
|
contact clerks office
|
Western District
215 Dean A. McGee Avenue
Oklahoma City, OK 73102
Telephone: (405) 609-5700
|
contact clerks office
|
Limited Time Offer! Download Your Oklahoma Bankruptcy Forms Software Today And Save 50% During Our May Sale!
Learn More>>
|
| Oklahoma Bankruptcy Software For Consumers Is Now Available |
| Filing Bankruptcy In Oklahoma Has Never Been Easier! |
We Feature:
 Oklahoma Bankruptcy Forms Software
Latest Updates For 2026 Included
Guidelines for Chapter 7 or 13 Bankruptcies
Latest Oklahoma Bankruptcy Exemptions
Save Hundreds or more on Attorney Fee's
Handles All The Math as You Fill Out Your Forms
Saves Your Work as You Type
Online Help 24/7 Support
No PDF or Word Software required
Guaranteed Court Acceptance
Instant Download
|
| Learn More>> |
|
