
Bankruptcy in Florida (2026): Exemptions & Means Test
Florida bankruptcy: opted out of federal exemptions, the unlimited homestead with acreage limits and the 522(p) cap, plus current means-test figures.
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Florida bankruptcy: opted out of federal exemptions, the unlimited homestead with acreage limits and the 522(p) cap, plus current means-test figures.

Georgia opted out of federal exemptions. The homestead is $50,000 through June 2026 and rises to $50,000 after, the vehicle exemption is $5,000, plus the means test.

Hawaii lets filers choose state or federal exemptions. The state homestead protects up to $30,000 for heads of family or seniors, or $20,000 for others, plus the means test.

Idaho opted out of federal exemptions. The homestead protects up to $175,000 of equity, the vehicle exemption is $10,000, and see the 2026 means test income figures.

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.

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.

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.

Kansas opted out of federal exemptions. Its homestead has no dollar cap and is limited only by acreage, the vehicle exemption is $20,000, and see the means test income.

Kentucky lets filers choose state or federal exemptions. The state homestead is only $5,000 and the vehicle exemption is $2,500, so many filers pick the larger federal set.

Louisiana opted out of federal exemptions. The homestead protects $35,000 in value, the vehicle exemption is $7,500, and see the 2026 means test income figures.

Maine opted out of federal exemptions. The homestead protects up to $94,300 of equity, more for older or disabled filers, plus the 2026 means test income figures.

Maryland opted out of federal bankruptcy exemptions. Learn the $31,575 homestead cap, the $6,000 wildcard used to protect a vehicle, and the 2026 means test income.

Massachusetts lets filers choose state or federal exemptions. The declared homestead protects up to $1,000,000, the automatic homestead is $125,000, plus the 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.

Minnesota bankruptcy guide: choose state or federal exemptions, a high $540,000 homestead under Minn. Stat. 510.02, plus 2026 means-test income.

Mississippi bankruptcy guide: the state opted out of federal exemptions, a fixed $75,000 homestead under Miss. Code 85-3-21, plus 2026 means-test income.

Missouri bankruptcy guide: the state opted out of federal exemptions, a fixed $15,000 homestead under RSMo 513.475, plus the April 2026 means-test income.

Montana bankruptcy guide: the state opted out of federal exemptions, a $425,827 (2026) indexed homestead under MCA 70-32-104, plus the April 2026 means test.

Nebraska bankruptcy guide: the state opted out of federal exemptions, a $120,000 homestead under Neb. Rev. Stat. 40-101, plus the April 2026 means test.

Nevada bankruptcy: the state opted out of federal exemptions, a $605,000 homestead (NRS 115.010), a $15,000 vehicle, the 2026 means test, and where to file.

New Hampshire bankruptcy: choose state or federal exemptions, a homestead raised to $400,000 (RSA 480:1, eff. Jan. 1, 2026), the 2026 means test, and filing.

New Jersey bankruptcy: choose state or federal exemptions, no state homestead so filers use the federal $31,575 homestead, the 2026 means test, and filing.

New Mexico bankruptcy guide: filers may choose federal or state exemptions, the homestead is $150,000, plus the April 2026 means-test median income.

New York bankruptcy guide: filers may choose federal or state exemptions, the homestead is tiered by county up to $204,825, plus the 2026 means test.

North Carolina bankruptcy guide: the state opted out of federal exemptions, the homestead is $35,000, plus the April 2026 means-test median income.

North Dakota opted out of federal exemptions. Its homestead protects up to $150,000 of equity, an alternative exemption covers a vehicle, and see the means test income.

Ohio opted out of federal exemptions. The inflation-indexed homestead protects up to $125,000, the vehicle exemption is $3,225, and see the 2026 means test income.

Oklahoma opted out of federal exemptions. The homestead has no dollar cap and is limited only by acreage, the vehicle exemption is $7,500, and see the means test income.

Oregon lets bankruptcy filers choose state or federal exemptions. Compare the $150,000 state homestead, the $10,000 vehicle exemption, and the 2026 means test income.

Pennsylvania bankruptcy guide: choose state or federal exemptions. PA has no state homestead, so home equity is protected by the federal $31,575 homestead.

Rhode Island lets filers choose state or federal exemptions. The state homestead protects up to $500,000 of equity, the vehicle exemption is $12,000, plus the means test.

South Carolina opted out of federal exemptions. The inflation-indexed homestead is about $80,125, the vehicle exemption is about $8,000, and see the means test income.

South Dakota opted out of federal exemptions. Its homestead has no dollar cap and is limited only by acreage, and a personal-property allowance covers a vehicle.

Tennessee opted out of federal exemptions. See the $35,000 homestead ($52,500 for joint owners), the $10,000 personal-property wildcard, and the means test.

Texas lets filers choose state or federal exemptions. The state homestead is unlimited in value but limited by acreage, plus a large personal-property allowance and the means test.

Utah opted out of federal exemptions. Its homestead is inflation-indexed to about $53,700, the vehicle exemption is $3,000, and see the 2026 means test income.

Vermont lets filers choose state or federal exemptions. The state homestead protects up to $125,000 of equity, the vehicle exemption is $2,500, plus the means test.

Virginia opted out of federal exemptions: a $50,000 homestead claimed by homestead deed under Va. Code 34-4, vehicle exemption, plus the 2026 means-test income.

Washington filers choose state or federal exemptions: a homestead of the greater of $125,000 or the county median price (RCW 6.13.030), plus 2026 means test.

West Virginia filers choose state or federal exemptions: a $35,000 homestead under W. Va. Code 38-10-4, vehicle and wildcard exemptions, plus 2026 means test.

Wisconsin bankruptcy guide: choose state or federal exemptions, a $75,000 homestead under Wis. Stat. 815.20, vehicle limits, plus 2026 means-test income.

Wyoming bankruptcy guide: opted out of federal exemptions, a $100,000 homestead per person under Wyo. Stat. 1-20-101, plus 2026 means-test income.

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