Choosing Between Oregon and Federal Bankruptcy Exemptions (2025)

If you’ve lived in Oregon for at least two years, you can choose either the Oregon exemptions or the federal exemptions when you file for bankruptcy. These rules help protect some of your property — like your home, car, clothes, and tools — so you don’t lose everything when you file.

You can review this chart to understand the main differences between Federal and Oregon exemptions and see what makes sense for you.