Kentucky Bankruptcy Exemptions
Federal or State Exemptions are Allowed
Tap Here for Federal Exemptions
Homestead. |
$5,000 |
Farmer: tools, equipment and livestock |
$3,000 |
Tools of trade, certain professionals (Others = $300) |
$2,500 |
Household furniture, clothing and furnishings and ornaments |
$3,000 |
Motor vehicle |
$2,500 |
A general exemption not to exceed $1,000.00 in value to be applied toward any property, real or personal, tangible or intangible, in his estate when he has filed for bankruptcy. (KRS 427.160.) |
$1,000 |
NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.
