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Iowa Bankruptcy Exemptions

What Exemptions are allowed when filing bankruptcy in Iowa?

Below is a list of some of the available Iowa bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Iowa and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Iowa bankruptcy attorney in your area to have all the available exemptions explained to you. Only an Iowa bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Iowa.

Iowa Bankruptcy Exemptions

Homestead
no limit
Wearing apparel and receptacles
$7.000
Jewelry
$2,000
Motor Vehicle
$7,000
Farm implements, livestock and feed
$10,000
Tools of Trade
$10,000
Cash on hand, bank deposits or other Personal
$1,000

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