Federal Exemptions Supplementing Iowa Exemptions

These federal exemptions can be used in conjunction with your Iowa bankruptcy exemptions.

 

ASSETEXEMPTION DESCRIPTIONLAW SECTION(United States Code)
Retirement BenefitsCIA employeesCivil service employeesForeign service employeesMilitary honor roll pensionsMilitary service employees

Railroad workers

Social Security

Veterans’ benefits

Veterans’ medal of honor benefits

50 § 4035 § 834622 § 406038 § 56210 § 1440

45 § 231m

42 § 407

38 § 3101

38 § 562

Survivor’s benefitsJudges, US court directors, judicial
center directors, supreme court chief justice administratorsLighthouse workersMilitary service
28 § 37633 § 77510 § 1450
Death & Disability BenefitsGovernment employeesLongshoremen and harbor workersWar risk hazard death or injury compensation5 § 813033 § 91642 § 1717
MiscellaneousKlamath Indian tribe benefits for
Indians residing in OregonMilitary deposits in savings accounts while on permanent duty
outside continental U.S.Military group life insuranceRailroad workers’ unemployment insuranceSeamen’s clothingSeamen’s wages (while at sea) pursuant to a written contract

75% of earned but unpaid wages; bankruptcy judge may authorize
more for low-income debtors

25 § 543, 25 § 54510 § 103538 § 770(g)45 § 352(e)46 § 1110

46 § 1111

15 § 1673