Oklahoma Bankruptcy Exemption Worksheet

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Oklahoma Bankruptcy Exemption Worksheet

Part 1 — Debtor and Case Information

Field	Entry
Debtor's full legal name	[________________________________]
Joint debtor's full legal name (if any)	[________________________________]
Current Oklahoma residence address	[________________________________]
County of residence	[________________________________]
Federal judicial district	☐ N.D. Okla. ☐ E.D. Okla. ☐ W.D. Okla.
Date debtor first established Oklahoma domicile	[__/__/____]
Has debtor been domiciled in OK for the 730 days preceding the anticipated filing date?	☐ Yes ☐ No
If "No," prior state of domicile and dates	[________________________________]
Anticipated chapter	☐ Chapter 7 ☐ Chapter 13 ☐ Chapter 11 ☐ Chapter 12
Anticipated petition filing date	[__/__/____]
Attorney name and OBA No.	[________________________________]

Part 2 — Threshold: Mandatory Use of Oklahoma Exemptions

Inquiry	Result
Does the 730-day domicile test under 11 U.S.C. § 522(b)(3)(A) place debtor's domicile in Oklahoma?	☐ Yes ☐ No
If "Yes," debtor MUST use Oklahoma exemptions (31 O.S. § 1.1 opt-out).	☐ Acknowledged
Federal exemptions of 11 U.S.C. § 522(d) are UNAVAILABLE.	☐ Acknowledged
Federal nonbankruptcy exemptions under 11 U.S.C. § 522(b)(3)(B)–(C) remain available (Social Security, ERISA, veterans' benefits, etc.).	☐ Acknowledged

Part 3 — Constitutional and Statutory Homestead (Okla. Const. art. XII; 31 O.S. §§ 1, 2)

3.1 Homestead Identification

Field	Entry
Street address of claimed homestead	[________________________________]
County and legal description	[________________________________]
Date debtor acquired the homestead	[__/__/____]
Was homestead acquired within 1,215 days of anticipated filing?	☐ Yes ☐ No
Classification	☐ Urban (not more than 1 acre) ☐ Rural (not more than 160 acres)
Acreage	[________________________________]
Is more than 25% of value derived from business use on the homestead?	☐ Yes ☐ No
Is the property occupied as the principal residence by the debtor or family?	☐ Yes ☐ No
Spousal joinder available for any sale or encumbrance? (Okla. Const. art. XII, § 2)	☐ Yes ☐ No ☐ N/A

3.2 Homestead Valuation and Equity

Item	Amount
Fair market value of homestead	$[____________]
First mortgage balance	$[____________]
Second mortgage / HELOC balance	$[____________]
Tax / mechanic's / judgment liens	$[____________]
Equity in homestead	$[____________]

3.3 Exempt Equity Calculation

Test	Result
Oklahoma state-law exempt amount (UNLIMITED within acreage limits per Okla. Const. art. XII and 31 O.S. § 1(A)(1))	$[____________]
Federal § 522(p) cap (if homestead acquired within 1,215 days) — currently $214,000	$[____________]
Net exempt equity claimed on Schedule C	$[____________]
Non-exempt equity (if any) exposed to trustee	$[____________]

CONSTITUTIONAL PROTECTION FLAG: The Oklahoma homestead is protected by Okla. Const. art. XII, § 2 as "inviolate" and exempt from forced sale for the payment of debts (subject to enumerated exceptions: purchase-money mortgages, ad valorem taxes, mechanic's and materialman's liens, and pre-existing liens). This protection is independent of and senior to the statutory exemption in 31 O.S. § 1(A)(1).

Part 4 — Personal Property Exemptions (31 O.S. § 1)

4.1 Motor Vehicles — 31 O.S. § 1(A)(13)

Vehicle	Year/Make/Model	FMV	Loan Balance	Equity	Exempt Amount (≤ $7,500)	Non-Exempt
Debtor vehicle	[__________]	$[______]	$[______]	$[______]	$[______]	$[______]
Joint debtor vehicle	[__________]	$[______]	$[______]	$[______]	$[______]	$[______]

4.2 Household Goods, Furniture, Appliances, Wearing Apparel — 31 O.S. § 1(A)(3)–(5)

Category	Description	Claimed Value	Exempt Citation
Household and kitchen furniture	[____________]	$[______]	31 O.S. § 1(A)(3)
Wearing apparel (cap $4,000)	[____________]	$[______]	31 O.S. § 1(A)(7)
Books, portraits, family pictures	[____________]	$[______]	31 O.S. § 1(A)(4)
Wedding and anniversary rings (cap $3,000)	[____________]	$[______]	31 O.S. § 1(A)(8)
Family Bible and library	[____________]	$[______]	31 O.S. § 1(A)(4)

4.3 Tools of Trade and Implements of Husbandry — 31 O.S. § 1(A)(6) and (A)(9)

Item	Description	Claimed Value
Tools of trade / books of profession	[____________]	$[______]
Implements of husbandry	[____________]	$[______]
Aggregate (cap $10,000)		$[______]

4.4 Livestock and Provisions — 31 O.S. § 1(A)(10)–(12)

Category	Quantity	Claimed Value
5 milk cows + calves under 6 months	[____]	$[______]
100 chickens	[____]	$[______]
2 horses, bridles, saddles	[____]	$[______]
10 hogs	[____]	$[______]
20 head of sheep	[____]	$[______]
Forage / feed for exempt livestock (1 year)	[____________]	$[______]
Provisions for family (1 year)	[____________]	$[______]
Guns (cap $2,000)	[____________]	$[______]

4.5 Wages — 31 O.S. § 1(A)(18); 12 O.S. § 1171.1 et seq.

Field	Entry
Gross unpaid wages earned within 90 days preceding filing	$[______]
Statutory exempt percentage (75%)	$[______]
Hardship enhancement requested?	☐ Yes ☐ No
Wage exemption claimed	$[______]

4.6 Retirement and ERISA-Qualified Accounts — 31 O.S. § 1(A)(20); 11 U.S.C. § 522(b)(3)(C); § 522(n)

Account Type	Custodian	Balance	Exempt Amount	Citation
401(k) / 403(b) / pension	[______]	$[______]	$[______] (full)	31 O.S. § 1(A)(20); ERISA § 206(d)
Traditional IRA	[______]	$[______]	$[______] (cap $1,711,975)	11 U.S.C. § 522(b)(3)(C), (n)
Roth IRA	[______]	$[______]	$[______] (cap $1,711,975)	11 U.S.C. § 522(b)(3)(C), (n)
Inherited IRA	[______]	$[______]	$0 (not exempt)	Clark v. Rameker, 573 U.S. 122 (2014)
529 / Coverdell (within § 541 limits)	[______]	$[______]	$[______]	11 U.S.C. § 541(b)(5)–(6)

4.7 Insurance, Annuities, and Public Benefits

Category	Citation	Claimed Value
Group life insurance benefits	36 O.S. § 3631.1	$[______]
Cash surrender / loan value of life insurance (debtor-owned, beneficiary spouse/child)	36 O.S. § 3631.1	$[______]
Annuity contract proceeds (cap $300/month)	36 O.S. § 3631.1	$[______]
Workers' compensation benefits	85A O.S. § 45	$[______]
Unemployment compensation	40 O.S. § 2-303	$[______]
Crime victim's compensation	21 O.S. § 142.13	$[______]
Social Security, SSI, SSDI	42 U.S.C. § 407	$[______]
Veterans' benefits	38 U.S.C. § 5301	$[______]
Public assistance / TANF	56 O.S. § 173	$[______]
Earned Income Tax Credit (federal portion)	per applicable case law	$[______]

4.8 Other Property — 31 O.S. § 1

Category	Citation	Claimed Value
Health-aids professionally prescribed	31 O.S. § 1(A)(15)	$[______]
Personal injury, wrongful death, workers' comp claim proceeds (cap $50,000 for pain/suffering and $50,000 for actual injury)	31 O.S. § 1(A)(21)	$[______]
Alimony / child support reasonably necessary	31 O.S. § 1(A)(19)	$[______]
Burial plots	8 O.S. § 7	$[______]
College savings plan (Oklahoma 529)	70 O.S. § 3970.7	$[______]
Prepaid funeral benefit	36 O.S. § 6125	$[______]

Part 5 — Non-Exempt Property Exposed to Trustee

Asset	FMV	Liens	Exemption Applied	Non-Exempt Equity
[____________]	$[______]	$[______]	$[______]	$[______]
[____________]	$[______]	$[______]	$[______]	$[______]
[____________]	$[______]	$[______]	$[______]	$[______]
TOTAL NON-EXEMPT EQUITY				$[______]

Part 6 — Pre-Filing Planning Notes and Cross-Checks

☐ § 522(o) homestead reduction analysis completed (10-year look-back for non-exempt property converted to homestead with intent to hinder, delay, or defraud)
☐ § 522(p) 1,215-day cap analysis completed
☐ § 548 / Oklahoma UVTA fraudulent-transfer review completed (4-year look-back under 24 O.S. § 121)
☐ Pre-petition tax return filings current
☐ Means test completed (Chapter 7) or projected disposable income (Chapter 13)
☐ Spousal joinder confirmed for any homestead-related transfers under Okla. Const. art. XII, § 2
☐ Lien-avoidance review under 11 U.S.C. § 522(f) for non-purchase-money, non-possessory liens on exempt household goods and tools of trade

Part 7 — Certification

I certify that the information in this worksheet is true and correct to the best of my knowledge, that I have reviewed it with my attorney, and that I understand Oklahoma is an opt-out state and I must use Oklahoma exemptions.

Signature	Date
Debtor: [________________________________]	[__/__/____]
Joint Debtor: [________________________________]	[__/__/____]
Attorney: [________________________________] OBA No. [________]	[__/__/____]

Sources and References

Okla. Const. art. XII, §§ 1–2 — https://oklegislature.gov/
31 O.S. §§ 1, 1.1, 2 — https://oklegislature.gov/
11 U.S.C. § 522
Clark v. Rameker, 573 U.S. 122 (2014)
U.S. Bankruptcy Court for the Northern / Eastern / Western District of Oklahoma local rules

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Bankruptcy is a federal legal process for people and businesses who cannot pay their debts. The right chapter depends on your income, what you own, and whether you want to keep assets like a home or car. The paperwork is extensive and the deadlines are strict, so using the right template for your situation is the first step toward getting your filing accepted and your case moving.

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Last updated: May 2026

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Oklahoma Bankruptcy Exemption Worksheet