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Maryland Bankruptcy Exemptions
What Exemptions are allowed when filing bankruptcy in Maryland?
Below is a list of some of the available Maryland bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Maryland and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Maryland bankruptcy attorney in your area to have all the available exemptions explained to you. Only a Maryland bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Maryland.
Maryland Bankruptcy Exemptions
Real or personal property |
$5,000 |
Tools of trade |
$5,000 |
Household goods and furnishings |
$1,000 |
Wildcard |
$6,000 |
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