Real property or manufactured home to unlimited value; property cannot exceed 1/4 acre. If property exceeds 1/4 acre, may claim $10,000 on 1 acre in city, town or village, or 160 acres elsewhere (need not occupy homestead to claim it exempt as |
$10,000 |
Household and kitchen furniture held primarily for the personal, family or household use |
|
Wedding and anniversary rings |
$3,000 |
Implements of husbandry necessary to farm the homestead |
$10,000 |
Books, portraits and pictures that are held primarily for the personal, family or household use |
|
Motor vehicle |
$7,500 |
Professionally prescribed health aids |
|
5 milk cows and their calves under 6 months old; 100 chickens; 2 horses and 2 bridles and 2 saddles 10 hogs, 20 head of sheep; all provisions and forage on hand, or growing for home consumption, and for the use of exempt stock for one (1) year |
|
Tools of trade |
$5,000 |
NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.