Do the Laws Governing Bankruptcy in Columbus Permit Claiming Federal Exemptions and what are the Exemptions

No, this is not possible as per the bankruptcy laws of the state. The exemptions of the sate include $5,000 for one residence. The monthly disability profit will be $600. For the spouse, life insurance proceedings would belong to the category of exemptions. Most of the pensions and public benefits forms are exempted. These include worker's compensation, compensation for crime victim and unemployment.

If homestead exemptions are not claimed, then personal property of $1,500 - $2,000 can be exempted. These include crops, animals, books, household goods, musical instruments, firearms, fishing gear and furniture.

If you are looking for additional information on these laws, please log on to the below mentioned websites:

http://www.ehow.com/about_5272357_ohio-state-bankruptcy-laws.html

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