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Utah Bankruptcy Exemption
Homestead:
Homestead consisting of debtor’s residence if individually owned is exempted up to $ 20,000 and $ 40,000 if jointly owned. If the homestead is not the primary place of residence then for individually owned home exempted up to $ 5000 and if jointly owned then it is exempted up to $ 10,000. Same exemption for proceeds of sale of homestead but should be One year after sale. Wages: Disposable income exempted up to the extent of minimum 75 %, which may increase if the court deems so. Alimony and Maintenance: Amount of reasonably requisite is exempted for the support of debtor and dependent. Health Benefit: Reasonably necessary health aids are exempted. Household Furniture: Sofas, chairs & related articles reasonably required are exempted up to the extent of $ 500. Apart from the above mentioned household exemption the following are also exempted: One sewing machine, washing machine and dryer, one refrigerator, one freezer, one stove, one microwave oven, all beds and beddings. Life Insurance: Life insurance policy benefits for the policies one year old or above that. Kitchen: Dinning and kitchen tables reasonably exempted up to the extent of $ 500. Personal Usage Articles: Animals, books and musical instruments reasonably necessary for personal usage exempted up to the extent of $ 500. Pets and Husbandry: Pets and husbandry exempted up to the extent of $ 1,000. Personal Heirlooms and Articles of Sentimental Value: Articles of sentimental aspect and personal heirlooms exempted up to the extent of $ 500. One Motor Vehicle: One motor vehicle exempted up to the extent of $ 2,500. Assets and Benefits of Internal Plan: Assets and benefits in retirement plan are exempted absolutely except contributions made within 180 days of filing. Total or Absolute Exemptions for:
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