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ABOUT CHAPTER 7
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THE CHAPTER 7 DISCHARGE
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HOW CHAPTER 13 WORKS
THE CHAPTER 13 DISCHARGE
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Oklahoma Bankruptcy Exemptions   OK Bankruptcy Exemptions

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Oklahoma bankruptcy Code unless noted.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

Real property or manufactured home to unlimited value; property cannot ¼ acre, may claim $5000 on 1 acre in city, town or village, or 160 acres elsewhere (need not occupy homestead to claim it exempt as long as you dont acquire another)

31-1(A) (1), 31-1(A) (2), 31-2

INSURANCE

Assessment or mutual benefits

Fraternal benefit society benefits

Funeral benefits prepaid & placed in trust

Group life policy or proceeds

Limited stock insurance benefits

36-2410

36-2720

36-6125

36-3632

36-2510

MISC.

Alimony, child support

Property of business partnership

31-1(A) (19)

54-225

PENSIONS

County employees

Disabled veterans

ERISA-qualified benefits

Firefighters

Law enforcement employees

Police officers

Public employees

Tax exempt benefits

Teachers

19-959

31-7

31-1(A) (20)

11-49-126

47-2-303.3

11-50-124

74-923

60-328

70-17-109

PERSONAL PROPERTY

Books, portraits, pictures & gun

2 bridles & 2 saddles

Burial plots

100 chickens, 10 hogs, 5 cows & calves under 6 months, 20 sheep; forage for livestock to last 1 year (cows must be able to produce milk for human consumption)

Clothing to $4000

Furniture, health aids, food to last 1 year


Motor vehicle to $7,500

Personal injury, wrongful death & workers’ compensation recoveries to $50,000 total; cannot include punitive damages

31-1(A) (7), (14)

31-1(A) (12)

31-1(A) (4), 8-7

31-1 (A) (10), (11), (15), (16)



31-1(A) (8)

31-1(A) (3), (9), (17)

31-1(A) (13)

31-1(A) (21); In re Luckinbill, 163 B.R. 856 (W.D. Okla. 1994)

PUBLIC BENEFITS

Crime victims’ compensation

Social security

Unemployment compensation

Worker’s compensation (see personal property)

21-142.13

56-173

40-2-203

85-48

TOOLS OF TRADE

Implements to farm homestead, tools, books & apparatus to $10,000 total

31-1(A) (5), (6), 31-1( C)

WAGES

75% of wages earned in 90 days before filing bankruptcy; bankruptcy judge may allow more if you show hardship

12-1171.1,

31-1(A) (18)

WILD CARD

None

 



Oklahoma Bankruptcy Courts  Oklahoma Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.

BANKRUPTCY COURTS NUMBER OF COPIES
Eastern District
111 W. 4th Street, 2nd Floor
Okmulgee, OK 74447
Telephone: (918)549-7200

contact clerks office
Northern District
224 S. Boulder, 1st Floor
Tulsa, OK 74103
Telephone: (918)-699-4000

contact clerks office
Western District
215 Dean A. McGee Avenue
Oklahoma City, OK 73102
Telephone: (405) 609-5700

contact clerks office

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