Ohio has many bankruptcy exemptions you can use to protect some property when filing for bankruptcy, such as a home, car, and retirement account. Exemptions are protected from being seized in a bankruptcy procedure. Exemption laws are updated periodically, so your attorney can give you the most updated information regarding your personal property and what amounts will be exempt: Ohio Homestead Exemption – protects equity in real estate or tangible personal property that you or your dependents use as a residence, including your home, condominium, or mobile home. You must reside in the property when the bankruptcy is filed. Ohio Motor Vehicle Exemption, up to the allowed amount of equity in one vehicle. Ohio Wildcard Exemption, allows you to exempt any property of your choosing up to the allowed amount. (Ohio Rev. Code Ann. 2329.66(A)(18).) Personal Property, including specific amounts for cash, jewelry, household goods and furnishings, tools of the trade, spousal or child support, a burial plot, and a percentage of wages. Pension and Retirement Benefits. Miscellaneous Ohio Exemptions, including: 529 savings plans, benevolent society death benefits, crime victim’s compensation received during 12 months before filing, disability assistance payments, earned income tax credit and child tax credit, unemployment compensation benefits, vocational rehabilitation benefits, and workers’ compensation. Exemptions change periodically. You can verify exemption amounts on the Ohio Legislature’s website, or by consulting with our bankruptcy lawyers who will help you understand how the exemptions apply to you.