Iowa Bankruptcy Exemptions
Only The State Exemptions are Allowed
| Homestead. | No Limit |
Wearing apparel and receptacles, musical instruments, and household goods and furnishings |
$7,000 |
Books, bibles, pictures |
$1,000 |
Jewelry |
$2,000 |
Motor vehicle |
$7,000 |
Farm implements, livestock and feed |
$10,000 |
Tools of trade |
$10,000 |
Cash on hand, bank deposits or other personal prop. (wildcard) |
$1,000 |
NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.