On July 1, 2013, Oregon joined at least 20 other states in permitting bankruptcy debtors to use federal bankruptcy exemptions listed in 11 USC §522(d). If Federal bankruptcy exemptions are selected, Oregon debtors are prohibited from using Oregon exemptions.

WHAT PROPERTY IS “EXEMPT”?

When a bankruptcy is filed, some items can be preserved from the trustee and retained by the debtor.  Both Oregon state exemption law and federal law may come into play in determining the amount of each exemption.  If you have not lived in Oregon for at least 730 days then the law of the one of the states in which you previously lived may apply.  If this leaves you without exemptions, then a list of federal exemptions may be available to you.  The list below assumes that you have lived in Oregon for at least 730 days prior to the date we file the bankruptcy for you.

EXEMPTION DESCRIPTIONS

LAW

AMOUNT OF THE EXEMPTION

Books, pictures, musical instruments, art objects, collections

ORS 18.345(1)(a)

$ 600.00 each

Wearing apparel, jewelry

ORS 18.345(1)(b)

$1,800.00 each

Tools of the trade

ORS 18.345(1)(c)

$3,000.00 each

Vehicle

ORS 18.345(1)(d)

$2,150 each 

Domestic animals

ORS 18.345(1)(e)

$1,000.00

Household goods, furnishings and Provisions (Food & Fuel for 60 days)

ORS 18.345(1)(f)

$3,000.00

Spousal support, child support

ORS 18.345(1)(i)

100%

Bodily Injury Claims

ORS 18.345(1)(k)

$ 10,000.00 each

Earned Income Credit

ORS 18.345(1)(n)

100%

Health Savings Accounts

ORS 18.345(1)(o)

100%

Any personal property (the “pourover” exemption)

ORS 18.345(1)(p)

$ 400.00 each

Homestead – Personal residence:

Single Debtor
Joint (Married Debtors)

ORS 18.395

$30,000
$39,600

Homestead – Mobile Home (own land) Single DebtorJoint (Married Debtors)

ORS 18.428(1)

$23,000.00
$30,000.00

Homestead – Mobile Home (without land)
Single Debtor
Joint (Married Debtors)

ORS 18.428(5)

 

$20,000.00
$27,000.00

Wages

ORS 18.385

75%

One rifle or shotgun, one pistol combined value

ORS 18.362

$ 1,000.00

Pension plans

ORS 18.358

100%

Social Security Benefits

ORS 23.166
42 USC §407

$7,500.00

Aid to Disabled Persons

ORS 412.610

100%

Certain Annuity Policy Benefits

ORS 743.049

Partial

Burial Lots sold by a non-profit corporation

ORS 65.870

100%

Fraternal Benefit/Society Benefits

ORS 748.207

100%

Health & Disability Benefits

ORS 743.050

100%

Life Insurance Proceeds

ORS 743.046

100%

Life Insurance Proceeds – Group

ORS 743.047

100%

Unemployment Compensation Benefits

ORS 657.855

100%

Veteran’s Benefits & Loans

ORS 18.345(1)(m)

100%

Veteran’s State Loan Funds

ORS 407.595

100%

Vocational Rehabilitation Payments

ORS 344.580