Kentucky Bankruptcy Exemptions

Tenancies by the Entirety

recognized but not exempt

11 USC § 522(b)(3)(B)

Proceeds from involuntary sale of real property in place of homestead

$5,000

Ky. Rev. Stat. § 427.090

Land or personal property used by debtor or dependent as permanent residence within state, or burial plot of debtor or dependent

$5,000

Ky. Rev. Stat. § 427.060

One motor vehicle and accessories (including 1 spare tire)

$2500 (applies to residents only)

Ky. Rev. Stat. § 427.010(1)

Property of any nature

$1000 (this exemption applies only to bankruptcy cases)

Ky. Rev. Stat. §427.160

Disposable earnings (earnings after deductions required by law)

75% or 30 times the federal minimum hourly wage, whichever is greater

Ky. Rev. Stat. § 427.010(2)

Annuity contracts benefits

$350 per month

Ky. Rev. Stat. § 304.14-330

Policies of group life insurance and group health insurance and proceeds there from

100%

Ky. Rev. Stat. § 304.14-320

Proceeds and avails of health insurance contracts and disability provisions supplemental to life insurance or annuity contracts

100%

Ky. Rev. Stat. § 304.14-310

Benefits paid by assessment, cooperative life or casualty insurance company or by a fraternal benefit society

100%

Ky. Rev. Stat. § 427.110

Proceeds and avails of life insurance policy payable to person other than the insured or person effecting the policy

100%

Ky. Rev. Stat. § 304.14-300

Household furnishing, personal clothing, ornaments and jewelry

$3000 (applies to residents only)

Ky. Rev. Stat. § 427.010(1)

Payment in compensation of loss of future earnings of debtor or individual of whom debtor is a dependent

Amount reasonably necessary to support debtor and dependents

Ky. Rev. Stat. § 427.150(2)(d)

Personal bodily injury payment, not including compensation for pain and suffering or actual pecuniary loss, of debtor or individual of whom debtor is a dependent

$7,500

Ky. Rev. Stat. § 427.150(2)(c)

Payments on account of the wrongful death of individual of whom debtor was a dependent

Amount reasonably necessary to support debtor and dependents

Ky. Rev. Stat. § 427.150(2)(b)

Basic no-fault insurance benefits

100%

Ky. Rev. Stat. § 304.39-260

Professionally prescribed health aids of debtor and dependents

100%

Ky. Rev. Stat. § 427.010(1)

Teachers' retirement benefits

100% (except child support)

Ky. Rev. Stat. § 161.700

State employees' retirement benefits

100% (except child support)

Ky. Rev. Stat. § 61.690

Police and firemen's pension benefits in cities of first through fourth classes

100%

Ky. Rev. Stat. § 427.120 & 427.125

Retirement funds-urban county gov. merit and pension

100%

Ky. Rev. Stat. § 67A.350

Assets held, payments, and amounts payable under pension and retirement systems for teachers, state employees, policemen and firemen

100%

Ky. Rev. Stat. § 427.150(2)(e)

Debtor’s right or interest in individual retirement account or annuity or other pension or retirement plan that qualifies under the I.R.C.

100% (except child support & maintenance)

Ky. Rev. Stat. § 427.150(2)(f)

Professional library, office equipment, instruments and furnishings of, minister attorney, physician, surgeon, chiropractor, veterinarian, or dentist

$1,000

Ky. Rev. Stat. § 427.040

Necessary tools of trade

$300

Ky. Rev. Stat. § 427.030

One motor vehicle and accessories (including 1 spare tire) of minister, attorney, physician, surgeon, chiropractor, veterinarian or dentist

$2,500

Ky. Rev. Stat. § 427.040

One motor vehicle and accessories (including 1 spare tire) of mechanic or skilled artisan engaged in repair, replacement or servicing of essential equipment

$2,500

Ky. Rev. Stat. § 427.030

Tools, equipment and livestock (including poultry) of farmer

$3000 (applies to residents only)

Ky. Rev. Stat. § 427.101(1)

Crime victim’s reparation law awards

100%

Ky. Rev. Stat. § 427.150(2)(a)

Public assistance payments, federal earned income tax credit

100%

Ky. Rev. Stat. § 205.220(3)

Unemployment compensation benefits

100% (except child support)

Ky. Rev. Stat. § 341.470

Workmen's compensation benefits

100% (except child support)

Ky. Rev. Stat. § 342.180

Reparation benefits from Motor Vehicle Reparations Act

100%

Ky. Rev. Stat. § 304.39-260

Specific partnership property

100% of partner's interest

Ky. Rev. Stat. § 362.1-307 & 362.270

Money or property received as alimony, support or maintenance

Amount reasonably necessary for support of debtor and dependents

Ky. Rev. Stat. § 427.150(1)