This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Bankruptcy Exemption in Ohio

Ohio law provides a homestead exemption of $125,000 under Ohio Revised Code § 2329.66. This exemption protects equity in a debtor's primary residence from forced sale by most creditors in bankruptcy or collection proceedings. The exemption applies automatically to the debtor's interest in the home, up to the verified dollar amount. Ohio Revised Code § 2329.662 sets out additional rules and factors that may affect the exemption's application. The official source at the Ohio Code link contains the exact statutory details, including any exceptions or adjustments. The worked example below demonstrates how the $125,000 figure applies in a typical scenario. Use the DocketMath calculator to estimate the exempt value of your own residence based on your specific circumstances.

Governing authority

In Ohio, the bankruptcy exemption rule is set by Ohio Rev. Code § 2329.66; § 2329.662. The verified packet cites Ohio Rev. Code § 2329.66; § 2329.662 (https://codes.ohio.gov/ohio-revised-code/section-2329.66).

Ohio bankruptcy exemption: the verified value is $125,000 under Ohio Rev. Code § 2329.66; § 2329.662. The verified packet cites Ohio Rev. Code § 2329.66; § 2329.662 (https://codes.ohio.gov/ohio-revised-code/section-2329.66).

Estimate your own result: every situation has exceptions that can change the outcome. Use the bankruptcy exemption calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.