Kansas City Bankruptcy Attorney

Kansas Bankruptcy Exemptions

Kansas Bankruptcy Exemptions Protect Your Property

Non-exempt property is property the trustee in a Chapter 7 case can sell for the benefit of creditors.  In a Chapter 13, non-exempt property sets the minimum amount that must be paid to unsecured creditors during the plan.  Exemptions allow debtors to keep some property safe during their bankruptcy.

The exemptions on this page represent the most common exemptions used by debtors.  The homestead exemption has certain residency requirements that debtors need to be aware of before filing a bankruptcy case.   The personal property exemptions available to debtors are also determined by residency length.   Arrange a free initial bankruptcy consultation with your Kansas City Bankruptcy Attorney today to determine how these exemptions apply to your individual situation.

Kansas Bankruptcy Exemptions(Property you can keep)

ASSET EXEMPTION STATUTE
Homestead No monetary limit.  One acre inside city limits or 160 acres outside city limits. 60-2301
Household goods, clothing, food, and fuel to last 1 year No monetary limit. 60-2304
Jewelry $1,000 limit per debtor. 60-2304
Vehicle 1 vehicle per debtor.  $20,000 equity limit per vehicle used as main means of conveyance. No equity limit if equipped for disabled person. 60-2304
Burial plot No monetary limit. 60-2304
Tools of Trade $7,500 limit per debtor. 60-2304
Life Insurance No monetary limit if purchased over one year before filing. 60-2313; 40-414
Worker’s Compensation No monetary limit. 60-2313; 44-514
Retirement Benefits (ERISA qualified) No monetary limit. 60-2308
Public Employee Retirement No monetary limit. 74-4923
Public Assistance Benefits No monetary limit. 60-2313; 39-717
Unemployment Benefits No monetary limit. 60-2313
Crime Victim Compensation No monetary limit. 60-2313; 74-7313
Liquor License No limit. 60-2313; 41-326
Fraternal Benefits No monetary limit. 60-2313
Cemetery Merchandise Trust No monetary limit. 60-2313
Prepaid Funeral No monetary limit. 60-2313; 16-310
Social Security Benefit No monetary limit. 60-2312; U.S.C. 522(d)(10)
Veteran’s Benefit No monetary limit. 60-2312; U.S.C. 522(d)(10)
Disability Benefit No monetary limit. 60-2312; U.S.C. 522(d)(10)
Maintenance or child support To the extent reasonably necessary for the support of the debtor and any dependent of the debtor. 60-2312; U.S.C. 522(d)(10)

All legal references are to Kansas Statutes Annotated unless otherwise stated.  U.S.C. legal references are under Title 11.

Be Sociable, Share!
This website’s information should not be construed as formal legal advice or the formation of an attorney /client relationship. The choice of a lawyer is an important decision and should not be based solely upon advertisements. As KC Bankruptcy Attorneys we are a debt relief agency proudly helping people file for bankruptcy relief under the Bankruptcy Code throughout the Kansas City and Missouri Metropolitan Area, including — but not limited to, Johnson, Wyandotte, Leavenworth, Miami, Franklin, Douglas, Doniphan, Brown, Jackson, Jefferson, Shawnee, Osage, Coffey, Anderson, Linn, Allen, Bourbon, Crawford, Cherokee, Labette, Neosho, Woodson, Wilson, Montgomery, Platte, Clay, Jackson, Cass, Bates, Vernon, Barton, and Jasper County.

Kansas City, Lenexa, Shawnee, Leawood, Olathe, Overland Park, Gardner, Prairie Village, Spring Hill, Piper, Bonner Springs, Tonganoxie, Basehor, Leavenworth, Paola, Louisburg, Ottawa, Lawrence, Eudora, La Cygne, Pittsburg, Fort Scott, Arma, Girard, Parsons, Joplin, Independence, Lee’s Summit, Raymore, Raytown, and St. Joesph are representative cities that our Kansas City Bankruptcy Attorneys serve.