Like most of the other states in America, the Oklahoma bankruptcy law also allows the debtor to use the federal supplement exemptions along with the state specific exemptions. The complete substitutions of the laws regarding the property exemptions are not allowed. The personal properties exemptions have been interpreted by the Oklahoma bankruptcy laws in the following manner:

Motor Vehicles

As per the insolvency regulations, the debtor declared as bankrupt is allowed to claim exemptions for any number of motor vehicles. The good thing I that there are no retractions in terms of the number of motor vehicles, but the maximum amount is restricted only up to three thousand dollars.

Clothing

Clothing has also been declared as exempt personal property under the Oklahoma liquidation laws. However, the maximum amount that you can exempt under this category is only four thousand dollars.

Livestock Exemptions

Livestock exemptions have also been included. If you are a permanent resident of Oklahoma and you have been declared as bankrupt, as per the court in Oklahoma, you are allowed to exempt the livestock as much as a maximum of hundred chickens, twenty sheep, those five cows who are able to produce milk for human consumption, ten hogs, and a maximum of hundred chickens are also exempt under the new bankruptcy laws.

Bridles And Saddles

The Oklahoma bankruptcy laws also allow you to exempt a maximum of two bridles and two saddles.

Claims For Injury

If the debtor declared as bankrupt is eligible for some workers’ compensation, such as any Claim for personal bodily injury etc, as per the Oklahoma laws, the debtor can get exemptions up to as much as fifty thousand dollars, but the amount in this category must not exceed this upper limit. What is more, it is also important for you to note here that such exemptions do not include any claim for exemplary or punitive damages.

The personal property bankruptcy exemptions also include the following, as per the Oklahoma bankruptcy laws: Food materials, furniture, and health aids can also be considered to be exempted, but only up to the amount that should last a maximum of one year. Family portraits and other such pictures are also allowed to be exempted under the personal property exemptions in the state of Oklahoma.