Bankruptcy in Oklahoma: Exemptions and Filing Guide

Oklahoma Bankruptcy Exemptions

• HomesteadUnlimited value (up to 1 acre in city, 160 acres rural)
• Vehicle$7,500
• Personal property$4,000 household goods; $2,000 clothing
• WildcardNone
• Federal exemptionsNot available

Means Test: Oklahoma Median Income

To qualify for Chapter 7 in Oklahoma, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

• 1 person$52,800
• 2 people$65,600
• 3 people$74,200
• 4 people$86,800

Filing Costs

• Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
• Typical attorney fee$1,000–$1,500 (Ch. 7) / $2,500–$3,500 (Ch. 13)
• Court districtsNorthern, Eastern, and Western Districts of Oklahoma

Oklahoma bankruptcy court

Related Resources

• Debt collection statute of limitations in Oklahoma
• Consumer complaints in Oklahoma
• Free legal aid in Oklahoma

Frequently Asked Questions

• Is the homestead exemption unlimited in Oklahoma?

  Yes, in value. Oklahoma provides an unlimited homestead exemption, but limits it to 1 acre in a city or 160 acres in a rural area.

• Can I use federal exemptions in Oklahoma?

  No. Oklahoma requires the use of state exemptions.

• What is the vehicle exemption in Oklahoma?

  Oklahoma allows a $7,500 exemption for one motor vehicle.

• How does Oklahoma treat oil and gas royalties in bankruptcy?

  Oil and gas interests are considered property but may be partially protected by state exemptions. Consult an attorney for specific guidance.

Sources

• Oklahoma Bankruptcy Exemptions – 31 Okl. St. § 1(A)