Submitted by admin on Tue, 05/27/2014 - 02:43
Kentucky Bankruptcy Laws
Homestead
Land or personal property used as residence up to the aggregate amount of $ 5,000.
Wages
The greater among the two 75 % of the disposable earnings or 30 times the federal minimum hourly wage.
Personal Assets
Personal assets or property of any nature can be exempted up to the aggregate amount of $ 1,000.
Household Furniture, Jewelry, Apparel
Furniture, jewelry and ornaments along with clothing up to the aggregate amount of $ 3,000.
Farming and Husbandry
Tools and implements of agricultural farming and farm animals up to the extent of $ 3,000.
Motor Vehicle
One motor Vehicle and Accessories including one extra tire of total worth $ 2,500 for mechanic or skilled artisan engaged in mend, replacement or servicing of indispensable and important tools.
Crucial Professional Tools
Tools and implements necessary in continuing trade or profession up to $ 300.
Injury Payment
Personal injury payment up to the extent of $ 7,500.
Total or Absolute Exemptions for
- Duly Prescribed Health Aids.
- Specific Partnership Property.
- Proceeds from Life Insurance Policies.
- Fraternal Benefit Society Benefit.
- Benefits Arising out of Annuity Contracts.
- Workmen's & Unemployment Compensation Benefits.
- Police and Firemen's Pension Benefits.
- State Employees and Teacher's Retirement Benefits.
- Public Assistance Benefits.
- Crime Victims Reparation Awards.
- No-fault Insurance Benefits.
- Polices of Group Life Insurance and Health Insurances.
Court's Address
PO Box 1111, Lexington, KY 40588-1111
Court's Phone Number
859-233-2608
Court's Web Address
Court's Hours
830am - 400pm (Monday – Friday)
Court Locations
Ashland, Corbin, Covington, Frankfurt, Lexington, Pikeville
Jurisdictional Counties
Anderson, Bath, Bell, Boone, Bourbon, Boyd, Boyle, Bracken, Breathitt, Campbell, Carroll, Carter, Clark, Clay, Elliot, Estill, Fayette, Fleming, Floyd, Franklin, Gallatin, Garrard, Grant, Greenup, Harlan, Harrison, Henry, Jackson, Jessamine, Johnson, Kenton, Knott, Knox, Laurel, Lawrence, Lee, Leslie, Letcher, Lewis, Lincoln, McCreary, Madison, Magoffin, Martin, Mason, Menifee, Mercer, Montgomery, Morgan, Nicholas, Owen, Owsley, Pendleton, Perry, Pike, Powell, Pulaski, Robertson, Rockcastle, Rowan, Scott, Shelby, Trimble, Wayne, Whitley, Wolfe, Woodford
Judges
Hon. Joe Lee (U.S. Bankruptcy Court)P.O. Box 111 Lexington, KY 40588(859) 233-2814Hon. Joseph M. Scott, Jr. (U.S. Bankruptcy Court)P.O. Box 111 Lexington, KY 40588(859) 233-2814
Hon. William S. Howard (U.S. Bankruptcy Court)P.O. Box 111 Lexington, KY 40588(859) 233-2466
Clerks
Jerry D. Truitt (Bankruptcy Clerk, U.S. Bankruptcy Court)P.O. Box 1111
Lexington, KY 40588(859) 233-2608
