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State of Utah Economy:

Utah has a diversified economy anchored by the Mining, Tourism, Agriculture, Manufacturing and Information Technology industries.

Utah Bankruptcy Court Locations:

Salt Lake City
US Bankruptcy Court
District of Utah
Frank E. Moss U.S. Courthouse
350 South Main Street, 3rd Floor
Salt Lake City, Utah 84101

St. George
US Bankruptcy Court
District of Utah
5th District Court, State of Utah
206 West Tabernacle Courtroom 2B
St. George, UT 84770

Utah Bankruptcy Exemptions:

Homestead Exemption
In Utah, you can exempt up to $42,700 of the equity in any real estate if it’s your primary residence, including your home, mobile home, or any water rights you have. You can exempt up to $5,100 in real estate that is not your primary residence. §78B-5-504 Learn more in The Utah Homestead Exemption.

Personal Property
In Utah, you can exempt the following types of personal property. §78B-5-505 and §78B-5-506
  ⦁ animals, books, and musical instruments, up to $1,000 total
  ⦁ artwork depicting or produced by a family member
  ⦁ bed, bedding, and carpets
  ⦁ burial plot
  ⦁ clothing (but not furs or jewelry)
  ⦁ dining and kitchen tables and chairs, up to $1,000 total
  ⦁ firearms: one shotgun, one handgun, one shoulderarm; 1,000 rounds of ammunition for each of the foregoing firearms
  ⦁ food to last one year
  ⦁ health aids
  ⦁ heirlooms, up to $1,000 total
  ⦁ personal injury and wrongful death recoveries for you or someone you depended on
  ⦁ proceeds from sold, lost, or damaged exempt property
  ⦁ refrigerator, freezer, microwave, stove, sewing machine, washer, and dryer
  ⦁ sofas, chairs, and other furniture, up to $1,000 total
  ⦁ education savings plan up to $200,000


Motor Vehicle Exemption
In Utah, you can exempt up to $3,000 of equity in a car, van, motorcycle, truck, SUV, or another motor vehicle.

Pensions
Tax-exempt retirement accounts (including 401(k)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined benefit plans). 11 U.S.C. § 522.
IRAS and Roth IRAs to $1,283,025. (This amount is adjusted every three years. For the most recent figure, see Your Retirement Account in Bankruptcy.) 11 U.S.C. § 522(b)(3)(C)(n); §15-41-30(A)(13)
Erisa-qualified benefits, IRAs, Roth IRA, if the benefits have accrued or the contributions were made at least one year before you filed for bankruptcy. §78B-5-505(1)(a)(xiv)
Public employees. §49-11-612
Public Benefits
Crime victims’ compensation. §63-25a-421(4)
General assistance. §35A-3-112
Occupational disease disability benefits. §34A-3-107
Unemployment compensation. §34A-3-103(4)(b)
Veteran’s benefits. §78B-5-505(1)(a)(v)
Workers’ compensation. §34A-2-422

Tools of Trade
Tools, books, and implements used in your trade or profession, up to $5,000. §78B-5-506(2)

Wages
Earnings to the lesser of (1) 75% of disposable income, or (2) 37 times the federal minimum wage per week. R. Civ. Proc., Rule 64D(a)
Unpaid earnings due as of the bankruptcy filing in an amount equal to 1/24 of the median Utah annual income if you are paid more than once per month and 1/12 if you are paid monthly. §78B-5-505(1)(a)(xvi)

Insurance
Disability, illness, medical, surgical, or hospital benefits. §78B-5-505(1)(a)(iii) and (iv)
Fraternal benefit society benefits. §31A-9-603
Life insurance policy cash surrender value, but not payments you’ve made on policy within the year before filing. §78B-5-505(1)(a)(xiii)
Life insurance proceeds if the beneficiary is the insured’s spouse or dependent and if the proceeds are needed for support. §78B-5-505(1)(a)(xi)

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