What items can’t a creditor take from you under Oklahoma law?

How you ever wondered what items Oklahoma law allows you to protect from creditors?

If you have ever had debt collectors coming after you, you know that almost nothing you own is safe. Your wages, your bank accounts, some types of personal property and some types of real property are all at risk.

However, in Oklahoma, there are some things a debt collector cannot take from you to pay your debt. These items are known as “exempt“. Consider the list below which contains some of the Oklahoma exempt items:

1. The Home you live in.

2. Household and kitchen furniture.

3. Burial Plots.

4. Farm equipment and tools you use in your business, up to $10,000.00 in value.

5. Family books, portraits and pictures.

6. The cloths you wear, up to $4,000.00 in value.

7. Wedding and anniversary rings up to $3,000.00 in value.

8. Health aids.

9. Five milk cows.

10. One hundred chickens.

11. Two horses and two bridles and two saddles.

12. One car, up to $7,500.00 in value.

13. Guns, up to $2,000.00 in value.

14. Ten hogs.

15. Twenty head of sheep.

16. 75% of wages earned during the last ninety (90) days.

17. Federally tax-exempt retirement savings.

18. Money in an Oklahoma College Savings Plan.

Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Cazes Roberts, PLLC in Oklahoma City. I live in Edmond with wife Amy and my two children, Sam (17) and David (9). We live precisely in the path of where the "wind comes sweeping down the plains."