Real property, mobile home, co-op, or burial plot: up to $20,200. Up to $10,125 may be used as a wildcard and applied to any kind of property.


Life insurance contract (not matured): all except credit insurance policies.


Life insurance policy loan value and accrued dividends: up to $10, 755.


Unemployment, disability, and illness benefits: all.


Life insurance payments from a policy taken out on someone the debtor depended on: all necessary for support.


Child support and alimony: all necessary for support.


Tax exempt retirement accounts (which include 401(k)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined-benefit plans): all.


IRAs and Roth IRAs: up to $1,095,000 per person.

Personal Property

Motor vehicle: up to $3,225.


Household goods, appliances, furnishings, clothing, books, musical instruments, animals, crops: up to $525 per item and up to $10,775 total.


Jewelry: up to $1,350.


Health aids: all.


Recovery for wrongful death of a person on whom the debtor depended: all


Recoveries for personal injury (excluding amounts for pain and suffering and pecuniary loss): up to $20,200.


Payments for lost earnings: all.

Public Benefits

Public assistance benefits: all.


Social Security benefits: all.


Unemployment compensation benefits: all.


Veterans’ benefits: all.


Crime victim compensation: all.

Tools of Your Trade

Implements, tools, and books: up to $2,025.


No exemption.


Any property: up to $1,075.


Any property: up to $10,125 of the unused homestead exemption.


This is an Advertisement
Carole Friend, Attorney
Click to Access Western KY Bankruptcy Court Website
Click to Access Lexington KY Bankruptcy Court Website
These exemptions are found in 11 U.S.C. §522 and can be used by anyone who is qualified to file bankruptcy in Kentucky. The value allowed under each exemption has been updated for inflation every 3 years, ending on April 1. Values were last adjusted in 2007 so these amounts should be increasing again in 2010.
Phone: 502 542-2398