Ohio Bankruptcy Laws - Insurance and Benefits

According to Ohio Revised Code Section 2329.66(A) the following items are exempt: 1) Benevolent society benefits to $5000, 2) Disability benefits to $600 per month, 3) Fraternal benefit society benefits, 4) Group life insurance policy or proceeds, 5) Life, endowment or annuity contract avails for your spouse, child or dependent, 6) Life insurance proceeds for a spouse, 7) Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors. Under Ohio Revised Code Section 2329.69 - Exemptions apply to all courts - "Sections 2329.63 to 2329.71 of the Revised Code, with respect to exemptions, apply to all courts in this state, and a person is entitled to all applicable exemptions in any case or proceeding before any court or officer."

Operation of Ohio bankruptcy laws with the Code

According to 11 U.S.C. 522(l) "The debtor shall file a list of property that the debtor claims as exempt under subsection (b) of this section. If the debtor does not file such a list, a dependent of the debtor may file such a list, or may claim property as exempt from property of the estate on behalf of the debtor. Unless a party in interest objects, the property claimed as exempt on such list is exempt." The trustee, creditors, an interested party, or the Ohio bankruptcy court upon it's own motion, may file an objection to exemptions designated within a debtor's schedule. Denial requires notice to debtors and hearing.

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