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Minnesota bankruptcy exemptions  MN Bankruptcy Exemptions

FEDERAL BANKRUPTCY EXEMPTIONS ARE AVAILABLE
All law references are to Minnesota Statutes Annotated.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

Real property, mobile home or manufactured home to $390,000 or, if the homestead is used primarily for agricultural purposes, $975,000; cannot exceed ½ acre in city or 160 acres elsewhere

510.01, 510.02,

550.37 subd. 12

 

INSURANCE

Accident or disability proceeds

Fraternal benefit society benefits

Life insurance proceeds if beneficiary is spouse or child of insured to $46,000, plus $11,500 per dependent

Police, fire or beneficiary association benefits

Unmatured life insurance contract dividends, interest or loan value to $7,600 if insured is debtor or someone debtor depends on

550.39

64B.18

550.37 subd. 10



550.37 subd. 11


550.37 subd. 23

MISCELLANEOUS

Earnings of minor child

Property of business partnership

550.37 subd. 15

323.24

PENSION

ERISA-qualified benefits needed for support, which do not exceed $57,000 in present value

IRAs needed for support, which do not exceed $57,000 in present value

Private retirement benefits (only benefits building up)

Public employees

State employees

State troopers

550.37 subd. 24



550. 37 subd. 24


181B.16


353.15

352.96

352B.071

PERSONAL PROPERTY

Appliances, furniture, radio, phonographs & TV to $10,350 value

Bible, books & musical instruments

Burial plot; church pew or seat

Clothing (includes watch), food & utensils

Motor vehicle to $4,600 (up to $38,000 if vehicle has been modified for disability)

Personal injury recoveries

Proceeds for damaged exempt property

Wrongful death recoveries

550.37 subd. (4)(b)

550.37 subd. 2

550.37 subd. 3

550.37 subd. 4(a)


550.37 subd. 12(a)


550.37 subd. 22

550.37 subds. 9, 16

550.37 subd. 22

PUBLIC BENEFITS

AFDC, supplemental assistance, general assistance, SSI/SSA

Crime victims compensation

Unemployment compensation

Veterans’ benefits

Workers’ compensation

550.37 subd. 14


611A.60

268.17 subd. 2

550.38

176.175

TOOLS OF TRADE
total tools of trade
(except teaching materials) can’t exceed
$13000

Farm machines, implements, livestock, farm produce & crops of farmers to $13,000 total

Teaching materials (including books, chemical apparatus) of public school teacher

Tools implements, machines, instruments, furniture, stock in trade & library to $11,500 total

550.37 subd. 5



550.37 subd. 8



550.37 subd. 6

WAGES

Earned but unpaid wages, paid within 6 months of returning to work if debtor received welfare in the past

Minimum 75% of earned but unpaid wages

Wages deposited into bank accounts for 20 days after depositing

Wages of released inmates paid within 6 months of release

550.37 subd. 5



571.922


550.37 subd. 13


550.37 subd.14

WILD CARD

NONE

 



Minnesota bankruptcy courts  MN Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.

BANKRUPTCY COURTS NUMBER OF COPIES
District of Minnesota
Minneapolis Division
301 U.S. Courthouse
300 S. 4th Street
Minneapolis, MN 55415
Telephone: (612) 664-5200

Duluth Division
416 U.S. Courthouse
515 W. 1st Street
Duluth, MN 55802
Telephone: (218) 720-5253

Fergus Falls Division
205 U.S. Courthouse
118 South Mill Street
Fergus Falls, MN 56537
Telephone : (218) 739-4671

St. Paul Division
Under Renovation
Please refer all business
to the Minneapolis Division


contact clerks office

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