On July 1, 2013, Oregon joined at least 20 other states in permitting bankruptcy debtors to use federal bankruptcy exemptions listed in 11 USC §522(d). If Federal bankruptcy exemptions are selected, Oregon debtors are prohibited from using Oregon exemptions.

What Property is “Exempt”?

When a bankruptcy is filed, some items can be preserved from the trustee and retained by the debtor.  Both Oregon state exemption law and federal law may come into play in determining the amount of each exemption.  If you have not lived in Oregon for at least 730 days then the law of one of the states in which you previously lived may apply.  If this leaves you without exemptions, then a list of federal exemptions may be available to you.  The list below assumes that you have lived in Oregon for at least 730 days prior to the date we file the bankruptcy for you.

EXEMPTION DESCRIPTIONS LAW AMOUNT OF THE EXEMPTION
Books, pictures, musical instruments, art objects, collections ORS 18.345(1)(a) $600.00 each
Wearing apparel, jewelry ORS 18.345(1)(b) $1,800.00 each
Tools of the trade ORS 18.345(1)(c) $5,000.00 each
Vehicle ORS 18.345(1)(d) $3,000.00 each  or $6,000.00 joint
Domestic animals ORS 18.345(1)(e) $1,000.00
Household goods, furnishings and Provisions (Food & Fuel for 60 days) ORS 18.345(1)(f) $3,000.00
Spousal support, child support ORS 18.345(1)(i) 100%
Bodily Injury Claims ORS 18.345(1)(k) $10,000.00 each
Earned Income Credit ORS 8.345(1)(n) 100%
Health Savings Accounts ORS 18.345(1)(o) 100%
Any personal property (the “pourover” exemption) ORS 18.345(1)(p) $400.00 each
Homestead – Personal residence including manufactured home: Single Debtor
Joint (Married Debtors)
ORS 18.395 $40,000.00
$50,000.00
Wages ORS 18.385 75%
One rifle or shotgun, one pistol combined value ORS 18.362 $1,000.00
Pension plans ORS 18.358 100%
Social Security Benefits ORS 18.348
42 USC §407
100%
Student Loan Proceeds 20 USC §1095(a)(d) 100%
Aid to Disabled Persons ORS 412.610 100%
Certain Annuity Policy Benefits ORS 743.049 Partial
Burial Lots sold by a non-profit corporation ORS 97.675 100%
Fraternal Benefit/Society Benefits ORS 748.207 100%
Annuity Benefits ORS 743.049 $500.00 per month
Health & Disability Benefits ORS 743.050 100%
Life Insurance Proceeds ORS 743.046 100%
Life Insurance Proceeds – Group ORS 743.047 100%
Unemployment Compensation Benefits ORS 657.855 100%
Veteran’s Benefits & Loans ORS 18.345(1)(m) 100%
Veteran’s State Loan Funds ORS 407.595 100%
Vocational Rehabilitation Payments ORS 344.580 100%
Worker’s Compensation Benefits ORS 656.234 100%
Wages on deposit in Bank (75%) ORS 18.385 $7,500.00
College Savings Accounts ORS 348.863(2) 100%