Bankruptcy Homestead Exemptions
These are summaries only. Do not make legal decisions based on these numbers. Discuss your
exemptions with your bankruptcy attorney before filing for bankruptcy protection. These numbers can
and do change, your lawyer will have more up to date information.
|
Alabama |
$5,000 single |
$10,000 married |
|
Alaska |
$250,000 |
|
|
Arizona |
$100,000 |
|
|
Arkansas |
Unlimited |
|
|
California |
$50,000 single |
$75,000 married |
|
Colorado |
$30,000 |
|
|
Connecticut |
$75,000 |
|
|
Delaware |
None single |
Unlimited married |
|
District of Col |
None |
|
|
Florida |
Unlimited |
|
|
Georgia |
$10,000 |
|
|
Hawaii |
$30,000 |
|
|
Idaho |
$50,000 |
|
|
Illinois |
$7,500 single |
$15,000 married |
|
Indiana |
$7,500 |
|
|
Iowa |
Unlimited |
|
|
Kansas |
Unlimited |
|
|
Kentucky |
$5,000 |
|
|
Louisiana |
$25,000 |
|
|
Maine |
$25,000 single |
$50,000 married |
|
Maryland |
$5,500 |
|
|
Massachusetts |
$100,000 |
|
|
Michigan |
$3,500 |
|
|
Minnesota |
$200,000 home $ |
|
|
Missouri |
$8,000 |
|
|
Montana |
$60,000 |
|
|
Nebraska |
$12,500 |
|
|
Nevada |
$125,000 |
|
|
New Hampshire |
$30,000 |
|
|
New Jersey |
None |
|
|
New Mexico |
$30,000 married |
|
|
New York |
$10,000 single |
$20,000 married |
|
North Carolina |
$10,000 |
|
|
North Dakota |
$80,000 |
|
|
Ohio |
$5,000 |
|
|
Oklahoma |
Unlimited |
|
|
Oregon |
$25,000 single |
$33,000 married |
|
Pennsylvania |
None |
|
|
Rhode Island |
$100,000 |
|
|
South Carolina |
Unlimited |
|
|
South Dakota |
Unlimited |
|
|
Tennessee |
$5,000 single |
$7,500 married |
|
Texas |
Unlimited |
|
|
Utah |
$20,000 single |
$40,000 married |
|
Vermont |
$75,000 |
|
|
Virginia |
$5,000 single |
$10,000 married |
|
Washington |
$40,000 |
|
|
West Virginia |
$15,000 |
|
|
Wisconsin |
$40,000 |
|
|
Wyoming |
$10,000 single |
$20,000 married |
 |
The homestead exemption
situation in these states is too complex to cover in detail here. Check with an
experienced lawyer for more detail. Also, many states allow “wildcard”
exemptions that can be applied to most assets including homes. In addition, some states
with low homestead exemptions will allow home equity to be protected with federal
exemptions. Some states allow special real estate titles called “tenancy by the
entirety” which can be used to protect your home.
Homestead exemptions do not protect second homes, vacation homes, or other real estate
including unimproved rural land. Only one residence can be protected and that is almost
always the place where you actually live day in and day out.
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