

The Essential Idaho Bankruptcy Information Guide
Idaho, ID Bankruptcy Exemptions
BANKRUPTCY EXEMPTIONS ARE NOTAVAILABLE.
All law references are to Idaho Bankruptcy Code.All property of the debtor at the time of the filing for bankruptcy (and certain other property to be received in the future) becomes the property of the bankruptcy estate once bankruptcy is filed. This means that the bankruptcy trustee will take control of this property for purposes of satisfying the creditors. HOWEVER, there is certain property which is either excluded or exempt which the debtor will be able to keep. Property or asset exemption are determined based upon your specific situation, personal income and the individual laws of your state.
The best way to determine which property you will be entitled to keep requires a detailed analysis of your unique and personal situation. Although the following Federal and State Bankruptcy Asset Exemption is provided for your information, we highly recommend Finding a Good Bankruptcy Attorney to help guide you through the Bankruptcy Process.
| ASSET | EXEMPTION DESCRIPTION | LAW SECTION |
HOMESTEAD |
Real property or mobile home to $50,000 ; sale proceeds exempt for 6 months |
55-1003, 55-1113 |
Must record homestead exemption for property that is not yet occupied |
55-1004 |
|
INSURANCE |
Annuity contract proceeds to $1,250 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 |
|
Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors |
41-1930 |
|
Unmatured life insurance contract, other than credit life insurance contract; and dividend, interest, or loan value of any unmatured life insurance contract under which the insured is the debtor or the debtor's dependent, up to $5,000. |
11-604, 41-1833, 11-605 |
|
Medical or hospital care benefits |
11-603(5) |
|
MISCELLANEOUS |
Alimony, child support needed for support |
11-604(1)(b) |
Liquor licenses |
23-514 |
|
PENSIONS |
ERISA-qualified benefits |
55-1101 |
Firefighters |
72-1417 |
|
Police officers |
50-1517 |
|
Public employees |
59-1317 |
|
Retirement plans, government and private pensions. |
11-604 |
|
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 |
11-604 |
|
Proceeds for damaged exempt property for 3 months after proceeds received |
11-606 |
|
Wrongful death recoveries needed for support |
11-604(1)(c) |
|
College savings program account |
11-604 |
|
Any tangible personal property up to $800. |
11-605 |
|
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 |
Either a minimum of 75% of earned but unpaid wages or 30 times the federal hourly minimum wage - whichever is greater; pension payments. Judge may approve more for low income debtors |
11-207 |

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