Uttah Bankruptcy Laws

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: