Minnillo & Jenkins, CO. LPA
Hyde Park, Eastgate, Fairfield, Covington: 513-723-1600
Portsmouth: 740-300-2022
Call For A No-Pressure, Free Consultation

Common Ohio Bankruptcy Exemptions

Many people believe that filing for bankruptcy means that you have to give up your most prized possessions. This is, however, not the case. Bankruptcy law allows debtors to take exemptions, which offer certain property some protections from the bankruptcy process. Many of those filing for bankruptcy in Ohio are especially concerned with the homestead and personal property exemptions available to them.

Homestead Exemption

The homestead exemption protects the real property that a debtor uses as his primary residence. The Ohio homestead exemption for bankruptcy is $21,625. If a debtor has more equity than that in his home, it is possible for the trustee to sell the house in a Chapter 7 liquidation in order to help pay off the debtor's creditors. If a person filing bankruptcy has more equity in his home than the homestead exemption covers, he may want to consider Chapter 13 bankruptcy, where a debtor pays back some of his debts, including mortgages, over long periods of time with a structured repayment plan.

Personal Property Exemption

The Ohio personal property exemption covers a variety of things, including:

  • Animals, crops, books, musical instruments, hunting and fishing equipment, furniture and firearms up to $200 each for a total of $11,525
  • Beds, bedding and clothing up to $200 per item
  • Burial plots
  • Jewelry up to $1,450
  • Cooking units and refrigerators
  • Automobiles up to $ 3,450
  • Lost future earnings
  • Health aids
  • Personal injury recoveries up to $ 21,625
  • Wrongful death recoveries

Contact an Experienced Bankruptcy Attorney

We hope you find the foregoing useful and that you choose to schedule a consultation today. Contact Info We have four offices:  DAYTON (at the 75 South / 725 Interchange);WEST CHESTER (on Route 747 near the Union Center exit on Route 75); and Cincinnati (HYDE PARK and EASTGATE). We would be glad to meet with you at a convenient time, including evenings and weekends.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Hyde Park Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: +1-513-723-1600
Cincinnati Law Office Map

Eastgate Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: +1-513-723-1600
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: +1-513-723-1600
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Suite 5
Covington, KY 41011

Phone: +1-513-723-1600
Map & Directions
Covington Law Office Map

Portsmouth Office
612 Chillicothe Street
Portsmouth, OH 45662

Phone: +1-740-300-2022
Map & Directions
Portsmouth Law Office Map