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Idaho Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Idaho exemptions and can be viewed here.

In Idaho, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Idaho bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

Real property or mobile home to $50,000 (does not double for joint debtors); sale proceeds exempt for 6 months

55-1001, 55-1002, 55-1003, 55-1003

 

Must record homestead exemption for property that is not yet occupied

55-1004

INSURANCE

Annuity contract proceeds to $350 per month

41-1836

 

Death or disability benefits

11-604(1)(a), 41-1834

 

Fraternal benefit society benefit

41-3218

 

Group life insurance benefits

41-1835

 

Homeowners? insurance proceeds to amount of homestead exemption

55-1008

 

Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary?s creditors

41-1930

 

Life insurance proceeds or avails for beneficiary or other than the insured

11-604(d), 41-1833

 

Medical, surgical or hospital care benefits

11-603(5)

MISC.

Alimony, child support needed for support

11-604(1)(b)

 

Liquor licenses

23-514

 

Property of business partnership

53-325

PENSIONS
also see wages

ERISA-qualified benefits

55-1101

 

Firefighters

72-1422

 

Police officers

50-1517

 

Public employees

59-1317

 

Other pensions needed for support; payments can?t be mixed with other money

11-604(1)(e)

PERSONAL PROPERTY

Appliances, furnishings, books, clothing, pets, musical instruments, 1 firearm, family portraits and sentimental heirlooms to $500 per item, $5,000 total

11-605(1)

 

Building materials

45-514

 

Burial plots

11-603(1)

 

Crops cultivated by debtor on maximum 50 acres, to $1,000; includes water rights of 160 inches

11-605(6)

 

Health aids needed

11-603(2)

 

Jewelry to $1000

11-605(2)

 

Motor vehicle to $3,000

11-605(3)

 

Personal injury recoveries needed for support

11-605(1)(c)

 

Proceeds for damaged exempt property for 3 months after proceeds received

11-606

 

Wrongful death recoveries needed for support

11-604(1)(c)

  one firearm up to $500 11-605(7)

PUBLIC BENEFITS

Aid to blind, aged, disabled, AFDC

56-223

 

Federal, state and local public assistance

11-603(4)

 

General assistance

56-223

 

Social security

11-603(3)

 

Unemployment compensation

11-603(6)

 

Veterans? benefits

11-603(3)

 

Workers? compensation

72-802

TOOLS OF TRADE

Arms, uniforms and accourtrements that peace officer, national guard or military personnel is required to keep

11-605(5)

 

Implements, books and tools of trade to $1,500

11-605(3)

WAGES

Minimum 75% of earned but not paid wages, pension payments; bankruptcy judge may authorize more for low-income debtors

11-207

Wild Card aggregate interest in any
tangible personal property up to $800
11-605(10)