| Attention: All 94-bankruptcy
districts charge the same filing fees. Chapter 7: $299 Chapter 13: $274 |
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IDAHO EXEMPTION LISTHow to use this table of exemptions, by Attorney Thomas A. Prediletto. The following is a summary of the Idaho exemptions that can be claimed (used) to exempt both your real and personal property in a bankruptcy petition. However, if your residence has not been continuously in the state of Idaho for the two years prior to filing a bankruptcy petition, there are laws that apply as to which state or federal exemptions may be used. Exempt property of a debtor is property of the debtor that is not available to be used (sold) to pay his/her unsecured creditors and is not subject to the claims of unsecured creditors, but may be subject to the rights of secured creditors and lien holders. When reviewing the list for exemptions for your own property you should be aware that there may not be a “matching” exemption. Some state exemptions contain a “wildcard” which can be used if a matching exemption cannot be found in the list of exemptions. Also, an individual must own an interest in the property to claim the property as exempt. The debtor may exempt the equity (value of property less the total amount owed against it) however; any equity value in the property above the exemption amount may be subject to the claims of unsecured creditors. By way of example, if you own a home worth $250,000 and owe a total of $200,000 against it (combining all mortgage/home equity lines of credit and/or liens against the property) the amount of equity you would need to protect is $50,000. So long as the homestead exemption is more than $50,000 the full amount of the equity is exempt and not subject to the claims of your unsecured creditors. In the alternative, say the home is worth $250,000 and you only owe $100,000 against it, anything over the exemption amount is subject to the claims of the unsecured creditors. The same type example would apply to a motor vehicle, though the exemption for a motor vehicle is less than the amount of the exemption for a home. Please note that all of the exemptions may be doubled if a married couple is filing, with the exception of the homestead exemption. To view Idaho exemption list and amounts available, click here or scroll down the page. To view Idaho Codes, visit Justia US Laws - Idaho Code. |
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| Description | LAW |
Max Individual Amount |
Max Joint Amount |
| Alimony, Support, Maintenance | IC § 11-604(1)(b) | UNLIMITED | |
| Annuity Contract Proceeds (subject to $1,,250/mo. maximum) | IC § 41-1836(2) | UNLIMITED | |
| Any Property | IC § 11-605(10) | $800.00 | $1,600.00 |
| Arms, Uniform Etc. Of Officer, Guardsman | IC § 11-605(5) | UNLIMITED | |
| Assets of Employee Benefit Plan | IC § 11-604A(3),55-1011 | UNLIMITED | |
| Bodily Injury Or Wrongful Death Benefits | IC § 11-604(1)(c) | UNLIMITED | |
| Building Materials | IC §45-514 | UNLIMITED | |
| Burial Plot | IC § 11-603(1) | UNLIMITED | |
| Crime Victims’ Compensation | IC §72-1020 | UNLIMITED | |
| Crops Growing Or Grown On 50 Acres | IC § 11-605(6) | $1,000.00 | $2,000.00 |
| Disability Or Illness Benefits | IC § 11-604(1)(a) | UNLIMITED | |
| Disposable Earnings | IC § 11-207 | UNLIMITED | |
| Escrow Or Trust Funds | IC § 30-916 | UNLIMITED | |
| Fed. Soc. Sec. Or Veteran's Benefits | IC § 11-603(3) | UNLIMITED | |
| Federal Pension Benefits | IC § 11-604A(2) | UNLIMITED | |
| Firearm | IC § 11-605(7) | $500.00 | $1,000.00 |
| Fraternal Benefit Society Benefits | IC § 41-3218 | UNLIMITED | |
| Health Aids | IC § 11-603(2) | UNLIMITED | |
| Home Furnishings, Wearing App., Animals, Books, Portraits | IC § 11-605(1) | $5,000.00 | $10,000.00 |
| Homestead | IC § 55-1003 | $100,000.00 | $200,000.00 |
| Insur. Benefits - Group Life/Disability | IC § 41-1835(1) | UNLIMITED | |
| Insurance Benefits - Disability | IC § 41-1834 | UNLIMITED | |
| Interest in Unmatured Life Insurance Contract | IC § 11-605(9) | $5,000.00 | $10,000.00 |
| Jewelry | IC § 11-605(2) | $1,000.00 | $2,000.00 |
| Life Insurance Proceeds | IC § 41-1833(1), 11-604(1)(d) | UNLIMITED | |
| Medical, Hospital Care Benefits, Med. Savings Acct. | IC § 11-603(5), § 63-3022K | UNLIMITED | |
| Motor Vehicle | IC § 11-605(3) | $5,000.00 | $10,000.00 |
| Partnership Interest | IC § 53-3-504 | UNLIMITED | |
| Pension, Annuity, Etc. Benefits | IC § 11-604A(3) | UNLIMITED | |
| Permit For Liquor “By The Drink” | IC §23-514 | UNLIMITED | |
| Proceeds From Employee Benefit Plan | IC § 11-604A(3),55-1011 | UNLIMITED | |
| Proceeds Of Loss, Damage To Exempt Prop. | IC § 11-606 | UNLIMITED | |
| Public Assistance Benefits | IC § 56-233 & § 11-603(4) | UNLIMITED | |
| Public Buildings And Property | IC §11-605(4) | UNLIMITED | |
| Qualified Retirement Plan | IC § 55-1011 | UNLIMITED | |
| Retirement & Death Benefits - Police | IC § 50-1517 | UNLIMITED | |
| Retirement Benefits - Firemen | IC § 72-1422 | UNLIMITED | |
| Retirement Benefits - Public Employees | IC § 59-1317 | UNLIMITED | |
| Tools Of The Trade | IC §11-605(3) | $1,500.00 | $3,000.00 |
| Unemployment Compensation Benefits | IC § 72-1375 & § 11-603(6) | UNLIMITED | |
| Unmatured Life Insurance Contract | IC § 11-605(8) | UNLIMITED | |
| Water Rights For Irrigation Of Lands | IC § 11-605(6) | $1,000.00 | $2,000.00 |
| Wearing Apparel Books, Animals, Musical Instr. | IC § 11-605(1)(b) | UNLIMITED | |
| Workmen's Compensation Benefits | IC § 72-802 | UNLIMITED |
