Ohio Bankruptcy Laws
Key Points
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.
Homestead
$ 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.
Wages
Disposable earning among the greater of the two, i.e., EITHER 75 % OR 40 times the federal minimum hourly wage per week
Automobile
One automobile of valuation up to $ 3,675
Household goods
The aggregate value of household goods, which are considered exempt - $12,250, up to a value of $575 for each individual item
Tools of trade
Implements, books, and tools of trade, occupation, or business are allowed exemption up to $2325
Wildcard
Any property chosen by the debtor is exempted up to the extent of $1,225
Cash on hand
Exemptions are allowed up to the extent of $ 450.
Items of jewelry
Exemptions allowed up to $1550 of the value of jewelry items
Personal Injury
Personal injury awards to debtor or to a person dependent is exempted up to the extent of $ 23,000
Total or Absolute Exemptions
- Professionally prescribed health aids.
- Burial plots.
- Unemployment compensation benefits.
- Cash Assistance payments under Ohio work first program.
- Disability assistance payments.
- Retirement benefits of public employees.
- Living maintenance or rights benefits.
- Living maintenance or rights benefits.
- Fraternity benefit and society benefits.
- Group life insurance policies and proceeds.
- Workmen's Compensation and Unemployment Benefits.
Northern District of Ohio
Akron
Street Address
John F. Seiberling Federal Building 455 United States Courthouse 2 South Main Street Akron, OH 44308
Contact Number
330-252-6100
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Canton
Street Address
Ralph Regula Federal Building and United States Courthouse 401 McKinley Avenue, S.W. Canton, OH 44702-1745
Contact Number
330-458-2120
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Cleveland (Main Office)
Street Address
Howard M. Metzenbaum U.S. Courthouse 201 Superior Avenue Cleveland, Ohio 44114-1235
Contact Number
216-615-4300
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Toledo
Street Address
James M. Ashley and Thomas W.L. Ashley 411 U.S. Courthouse and Custom House 1716 Spielbusch Avenue Toledo, Ohio 43604
Contact Number
419-213-5600
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Youngstown
Street Address
Nathaniel R. Jones Federal Building & U.S. Courthouse 10 East Commerce Street Youngstown, Ohio 44503-1621
Contact Number
330-746-7027 330-742-0900
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Southern District of Ohio
Cincinnati (Main Office)
Street Address
U.S. Bankruptcy Court Atrium Two 221 East Fourth Street, Suite 800 Cincinnati, OH 45202
Contact Number
513-684-2572
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Columbus
Street Address
U.S. Bankruptcy Court Schaaf Building 170 North High Street Columbus, OH 43215
Contact Number
614-469-6638
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Dayton
Street Address
U.S. Bankruptcy Court Old Post Office Building 120 West Third Street Dayton, OH 45402
Contact Number
937-225-2516
Working Hours
Monday-Friday 900 a.m. to 400 p.m. (excluding Federal Holidays)Updated on:
