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Maryland Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Maryland exemptions and can be viewed here.

In Maryland, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Maryland bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

NONE, however, property held as tenancy by the entirety may be exempt against debts owed by only one spouse

In re Sefren

41 B.R. 747 (D. Md. 1984)

 

 

 

INSURANCE

Disability or health benefits, including court awards, arbitrations and settlements

Courts and Jud. Proceedings 11-504(b)(2)

 

Fraternal benefit society benefits

Ins. 8-431; Estates & Trusts 8-115

 

Life insurance or annuity contract proceeds or avails if beneficiary is insured?s dependent, child or spouse

Ins. 16-111(a), Estates & Trusts 8-115

 

Medical benefits deducted from wages

Commercial 15-601.1

 

 

 

MISC.

Property of business partnership

Corporation 9-502

 

 

 

PENSIONS

Deceased Baltimore police officers (only benefits building up)

73B-49

 

ERISA-qualified benefits, except IRAs

Courts & Jud. Proceedings 11-504(b)

 

State employees

Pers. & Pens. 21-502

 

State police

88B-31

 

 

 

PERSONAL PROPERTY

Appliances, furnishings, household goods, books, pets and clothing to $1,000 total

Courts & Jud. Proceedings 11-504(b)(4)

 

Burial plots and crypts

5-503

 

Health aids

Courts & Jud. Proceedings 11-504(b)(3)

 

Lost future earnings recoveries

Courts & Jud. Proceedings 11-504(b)(2)

 

 

 

PUBLIC BENEFITS

AFDC, general assistance

88A-73

 

Crime victims? compensation

Proc. 11-816

 

Unemployment compensation

Lab. & Empl. 8-106

 

Workers? compensation

Lab. & Empl. 9-732

 

 

 

TOOLS OF TRADE

Clothing, books, tools, instruments and appliances to $5,000; can?t include car (In re Chapman, 68 B>R> 745 (D. Md. 1986)

Courts & Jud. Proceedings 11-504(b)(1)

 

 

 

WAGES

Earned but unpaid wages, the greater of 75% or $415 per week; in Kent, Caroline and Queen Anne?s of Worcester Counties, the greater of 75% of actual wages or 30% of federal minimum wage

Commercial

15-601.1

 

 

 

WILD CARD

$6,000 of cash or property of any kind and $5,000 of real or personal property

Courts 7 Jud. Proceedings 11-504(b)(5), (f)