Property Exemptions in Bankruptcy

Bankruptcy exemptions are federal and state laws that determine if you can protect property like your house, car, or pension and retirement funds from creditors.

Minnesota is one of 19 states that allows filers to choose either the Bankruptcy Code or the Minnesota state bankruptcy exemption scheme. Which one you choose will depend on which is most advantageous based on the specific types of property you own.

Below are PDFs of the current Bankruptcy Code and Minnesota state bankruptcy exemption schemes.

Bankruptcy Code Exemptions

Minnesota Bankruptcy Exemptions

Bankruptcy Code Exemptions

Minnesota Bankruptcy Exemptions

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