Properties Exemptions Under The West Virginia Bankruptcy Laws

As per the West Virginia bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt, by any of the West Virginia bankruptcy district courts.

•Homestead Exemptions include all types of real properties. Besides that, you are also allowed to exempt any personal property that you have used as residence. The maximum amount exemptible in this regard is twenty-five thousand dollars in total value.
•Insurance Exemptions include immature life insurance contract, health or disability benefits, group life insurance policy or proceeds, and fraternal benefit society benefits.
•Personal properties exemptions include books, clothing, furnishing, and home appliances. The maximum combined exemptible amount in this regard is eight thousand dollars, in total.
•The West Virginia bankruptcy laws also allow you to exempt Burial plot up to fifteen thousand dollars, but such exemptions are allowed only in lieu of homestead.
•The upper limit for jewelry exemptions is one thousand dollars.
•Motor vehicle exemptions are allowed up to 2400 dollars.
•Personal injury recoveries have also been included in personal properties exemptions. The maximum amount exemptible in this regard is fifteen thousand dollars.
•Pension funds are also allowed for exemption, under the West Virginia bankruptcy laws, but only the following individuals are eligible for such exemptions:
◦Teachers
◦Public employees
◦Individuals with ERISA-qualified benefits needed for support
•Implements, books, and tools of trade are also exemptible up to fifteen dollars in total value.
•As per the West Virginia bankruptcy laws, the Wild Card exemptions include any property up to eight hundred dollars.

Properties Exemptions Under The Oregon Bankruptcy Laws

As per the Oregon bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the Oregon bankruptcy district courts.

•The Homestead Exemptions include any real property, mobile home, or houseboat that you occupy. The maximum amount exemptible is twenty-five thousand dollars for single owner and thirty-three hundred dollars for joint owners. However, the Oregon bankruptcy law restricts you in terms of area, as the area of homestead properties must not exceed one block in town or city or 160 acres elsewhere.
•As per the Oregon bankruptcy laws, the insurance exemptions include specific life insurance proceeds, health or disability proceeds or avails, group life policy or proceeds not payable to insured, and fraternal benefit society benefits.
•The insurance exemptions also include Annuity contract benefits. You can exempt up to five hundred dollars on a per month basis in this regard.
•Personal properties exemptions include the following:
◦Bank deposits up to 7500 dollars
◦Jewelry and clothing for an amount of up to 1800 dollars in total.
◦If you are the householder, the Oregon bankruptcy laws also allow you to exempt food and fuel to last sixty days.
◦Radios, television, and furniture are also exemptible up to three thousand dollars in total value.
◦You can also keep motor vehicles up to seventeen hundred dollars.
•Pension funds are also allowed for exemption, under the Oregon bankruptcy laws, but only the following individuals are eligible for such exemptions.
◦School district employees
◦Public officers and employees
•As per the Oregon bankruptcy laws, the Wild Card exemptions include any personal property of up to four hundred dollars, if you are single and 800 dollars if you are a married couple and have filed for bankruptcy jointly.

Properties Exemptions Under The North Carolina Bankruptcy Laws

As per the North Carolina bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the North Carolina bankruptcy district courts.

•Along with the real and mobile properties, the homestead Exemptions also include co-op that you have used as residence. The maximum amount exemptible in this regard is ten thousand dollars. If you also own some homestead properties that are unused, the North Carolina bankruptcy laws also allow you to claim such properties as exemptions, but only up to thirty-five hundred dollars in value.
•The Insurance Exemptions include only fraternal benefit society benefits and Employee group life policy or proceeds.
•Personal properties exemptions include motor vehicle up to fifteen hundred dollars in value.
•You can also claim to exempt Burial plot up to ten thousand dollars in value, but such exemptions are allowed only in lieu of homestead exemptions.
•Personal properties like books, clothing, home appliances, etc are exemptible up to 3500 dollars in total value.
•As per the North Carolina bankruptcy laws, the tools of trade exemptions can amount up to 750 dollars and it includes Implements, books etc.
•Pension funds are also allowed to be exempted under the North Carolina bankruptcy laws, but only following individuals are eligible for such exemptions.
◦Teachers and state employees
◦Municipal, city and county employees
◦Legislators
◦Law enforcement officers
◦Firefighters and rescue squad workers
•Wild Card exemptions include any property up to thirty-five hundred dollars less any amount claimed for homestead or burial exemption.