Bankruptcy Laws
Bankruptcy in Minnesota (2026): Exemptions & Means Test
Minnesota bankruptcy guide: choose state or federal exemptions, a high $510,000 homestead under Minn. Stat. 510.02, plus 2026 means-test income.
7 min read
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Bankruptcy Laws
Bankruptcy in Michigan (2026): Exemptions & Means Test
Michigan bankruptcy guide: choose state or federal exemptions, an inflation-adjusted homestead up to $51,150 under MCL 600.5451, plus 2026 means-test income.
7 min read
Bankruptcy Laws
Bankruptcy in Massachusetts (2026): Exemptions & Means Test
Massachusetts bankruptcy guide: filers choose federal or state exemptions, a declared homestead up to $1,000,000 under M.G.L. c. 188, the automatic $125,000
7 min read
Bankruptcy Laws
Bankruptcy in Maryland (2026): Exemptions & Means Test
Maryland bankruptcy guide: the state opted out of federal exemptions, a homestead up to $31,575 under Cts. & Jud. Proc. 11-504, a $6,000 wildcard, plus 2026
7 min read
Bankruptcy Laws
Bankruptcy in Maine (2026): Exemptions & Means Test
Maine bankruptcy guide: the state opted out of federal exemptions, a homestead up to $94,300 under 14 M.R.S. 4422, vehicle and wildcard limits, plus 2026
6 min read
Bankruptcy Laws
Bankruptcy in Louisiana (2026): Exemptions & Means Test
Louisiana bankruptcy guide: the state opted out of federal exemptions, offers a $35,000 homestead, a $7,500 vehicle exemption, plus current means-test income
8 min read
Bankruptcy Laws
Bankruptcy in Kentucky (2026): Exemptions & Means Test
Kentucky bankruptcy guide: filers may choose state or federal exemptions, the state homestead is only $5,000, the vehicle exemption is $2,500, plus current
8 min read
Bankruptcy Laws
Bankruptcy in Kansas (2026): Exemptions & Means Test
Kansas bankruptcy guide: the state opted out of federal exemptions, offers an effectively unlimited homestead (with acreage limits), a $20,000 vehicle
7 min read
Bankruptcy Laws
Bankruptcy in Iowa (2026): Exemptions & Means Test
Iowa bankruptcy: opted out of federal exemptions, an unlimited homestead under Iowa Code 561 (acreage limits), the $7,000 vehicle exemption, and the means test.
8 min read
Bankruptcy Laws
Bankruptcy in Indiana (2026): Exemptions & Means Test
Indiana bankruptcy: opted out of federal exemptions, the $22,750 homestead under IC 34-55-10-2 (indexed every six years), and current means-test income figures.
7 min read
Bankruptcy Laws
Bankruptcy in Illinois (2026): Exemptions & Means Test
Illinois bankruptcy: opted out of federal exemptions, the new $50,000 homestead under 735 ILCS 5/12-901 (2026), vehicle and wildcard amounts, means test.
7 min read
Bankruptcy Laws
Bankruptcy in Idaho (2026): Exemptions & Means Test
How bankruptcy works in Idaho: the state's opt-out exemptions, the $175,000 homestead under Idaho Code 55-1003, the vehicle and wildcard amounts, the
6 min read