Ohio has its own exemption limits, which will be applicable for the state bankruptcy cases. The state doesn’t allow the choice between state and federal exemptions, and thus, anyone filing bankruptcy has to abide the state exemption limits only.
$ 21,625 of home equity exemption is allowed for real or personal property used for residential purposes.
Married couples filing joint bankruptcy are allowed double the exemption amount, i.e. $43,250 of equity in real or personal property.
From April, 2013 - $132,900 of value in one parcel of real or personal property (home, manufactured, or mobile home) that the individual or his dependent uses as a residence. Married couples filing joint bankruptcy may double the exemption amount.
Disposable earning among the greater of the two, i.e., EITHER 75 % OR 40 times the federal minimum hourly wage per week
One automobile of valuation up to $ 3,675
The aggregate value of household goods, which are considered exempt - $12,250, up to a value of $575 for each individual item
Implements, books, and tools of trade, occupation, or business are allowed exemption up to $2325
Any property chosen by the debtor is exempted up to the extent of $1,225
Exemptions are allowed up to the extent of $ 450.
Exemptions allowed up to $1550 of the value of jewelry items
Personal injury awards to debtor or to a person dependent is exempted up to the extent of $ 23,000