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 Utah

Under Utah Code § 78B-5-503 et seq., Utah has opted out of the federal bankruptcy exemption scheme, meaning debtors filing for bankruptcy in the state must use Utah’s state-specific exemptions rather than the federal list in 11 U.S.C. § 522. The homestead exemption in Utah is set at a verified figure of $214,000, which applies to the equity a debtor holds in their primary residence. This amount protects home equity from creditors in a bankruptcy proceeding, subject to the statute’s specific conditions and exceptions. The official source at the Cornell Law School link provides the exact statutory detail. To determine how this exemption applies to a particular set of assets and debts, the DocketMath calculator can estimate the protected amount based on the user’s specific circumstances.

Governing authority

In Utah, the bankruptcy exemption rule is set by Utah Code § 78B-5-503 et seq.. The verified packet cites Utah Code § 78B-5-503 et seq. (https://www.law.cornell.edu/uscode/text/11/522).

Utah bankruptcy exemption: the verified value is $214,000 under Utah Code § 78B-5-503 et seq.. The verified packet cites Utah Code § 78B-5-503 et seq. (https://www.law.cornell.edu/uscode/text/11/522).

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.