Which exemptions govern personal property in an Ohio bankruptcy?
Ohio's own, under Ohio Revised Code 2329.66. Ohio is an opt-out state, so debtors cannot elect the federal exemption scheme, and the Ohio dollar caps determine how much of each appraised asset is protected.
Why does Ohio's household goods exemption demand item-by-item values?
Because the cap is two-layered: up to $16,850 total in clothing, household goods, and furnishings, but no more than $800 per item under R.C. 2329.66(A)(4). A single valuable piece can blow through the per-item cap even when the household total is modest, so we value each significant item separately rather than reporting one lump sum.
How much vehicle and jewelry value can an Ohio debtor protect?
$5,025 for one motor vehicle and $2,125 for jewelry. Those tight caps mean a few hundred dollars of appraised value can shift an asset from exempt to non-exempt, and Ohio's wildcard of roughly $1,475 applies only to personal property, not real estate.
What valuation standard applies to household property in an Ohio case?
Replacement value: the price a retail merchant would charge for property of the same kind, age, and condition as of the petition date, with no deduction for selling or marketing costs. This governs liened personal property under the Bankruptcy Code as applied in Ohio practice.
How quickly must value disputes move in the Southern District of Ohio?
Within 14 days after the section 341 meeting. Local Bankruptcy Rule 3012-1 requires written objections that identify specific items and both parties' asserted values, prohibits blanket objections, and puts the duty on the creditor to file and serve any contested appraisal within that same 14-day window. Absent a contest, Chapter 13 collateral is valued at the lower of the proof-of-claim figure or the plan figure.