Following is a list of assets protected in bankruptcy. Oklahoma bankruptcy exemptions protect your assets when you file chapter 7 or chapter 13 bankruptcy in Oklahoma. However, there are certain exceptions and rules that apply, so contact an experienced attorney today if you have questions or are unfamiliar with Oklahoma bankruptcy law specifics.
- The primary residence including home or manufacture home,
- Household and kitchen furniture
- Cemetery lots
- Implements of husbandry (farming and trade tools)
- Books, portraits and pictures
- Wearing apparel
- Wedding and anniversary rings
- Professionally prescribed health aids
- Milk cows
- Motor vehicle
- Forage on hand
- Current Wages
- Alimony, support, separate maintenance, or child support payments
- Qualified retirement plans
- Interest in claims for personal bodily injury, death or workers’ compensation
- Earned Income Tax credit
- Individual development account
- Oklahoma College Savings Plan
Exemptions Protect Assets in Bankruptcy:
When you file bankruptcy in Oklahoma there is a place in the forms that allow you to use certain exemptions protecting assets in bankruptcy. Oklahoma exemptions are broad and allow you to protect many of your assets. Each asset has its own statutory basis for its exemption so worrying about loosing your house or car is taken care of. You don’t have to go it alone when dealing with overwhelming debt. Don’t stand by and let your creditors garnish your wages or file judgments against you. We can help you get a fresh start.
Tulsa's Local Credit Counseling Lawyers
Are you looking for Tulsa attorneys who will fight aggressively for you? Our team of credit counseling attorneys have the experience needed in Oklahoma law to secure the outcome you deserve.