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Re: homestead exempt
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Posted by Why Chat (209.240.198.61) on March 16, 2003 at 14:29:06:
In Reply to: homestead exempt posted by airics on March 16, 2003 at 13:27:00:
OHIO
A debtor generally may claim exemption of certain real or personal property from execution of a judgment against him or in a bankruptcy proceeding. In a case where the judgment was for money owed for health care services or supplies, the debtor or his family may claim exemption of:
one parcel or item of real or personal property that he or his family uses as a residence. (O.R.C. 2329.66(A)(1)(a).) In all other judgments, a debtor may claim exemption of his interest, up to five thousand dollars ($5,000.00) in one parcel or item of real or personal property that he or his family uses as a residence,
one thousand dollars ($1,000.00) in one automobile,
four hundred dollars ($400.00) in cash,
Cooking unit and refridgerator maximun of $300 each, total = $600;
Death benefits from a benevolent society, $5,000;
Personal injury awards, $5,000;
If claiming homestead, household goods and furnishings maximum of $200 each, total = $1,500;
If not claiming homestead, household goods and furnishings maximum of $200 each, total = $2,000;
Jewelery, if claiming homestead, $1,500;
Jewelery, if not claiming homestead, $2,000;
Tools of trade, $750;
Wild card, personal property, $400.
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