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Minnnesota Bankruptcy Exemptions

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

In Minnesota, 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 Minnesota bankruptcy forms.


NOTE: § 550.37(4)(a) requires that certain exemptions be adjusted for inflation on July 1 of even-numbered years. The below exemptions include changes through 7/1/94. For additional information, contact the Minnesota Department of Commerce.



Real property, mobile home or manufactured home to $200,000 or, if the homestead is used primarily for agricultural purposes, $500,000; cannot exceed ½ acre in city or 160 acres elsewhere

510.01, 510.02,

550.37 subd. 12



Accident or disability proceeds


  Fraternal benefit society benefits 64B.18
  Life insurance proceeds if beneficiary is spouse or child of insured to $32,000, plus $8000 per dependent 550.37 subd. 10
  Police, fire or beneficiary association benefits 550.37 subd. 11
  Unmatured life insurance contract dividends, interest or loan value to $6400 if insured is debtor or someone debtor depends on 550.37 subd. 23


Earnings of minor child

550.37 subd. 15

  Property of business partnership 323.24


ERISA-qualified benefits needed for support, which do not exceed $48,000 in present value

IRAs needed for support, which do not exceed $48,000 in present value

Private retirement benefits (only benefits building up)

Public employees

State employees

State troopers

550.37 subd. 24

550. 37 subd. 24





Personal property

Appliances, furniture, radio, phonographs & TV to $7200 value

550.37 subd. (4)(b)

  Bible, books & musical instruments 550.37 subd. 2
  Burial plot; church pew or seat 550.37 subd. 3
  Clothing (includes watch), food & utensils 550.37 subd. 4(a)
  Motor vehicle to $3200 (up to $32,000 if vehicle has been modified for disability) 550.37 subd. 12(a)
  Personal injury recoveries 550.37 subd. 22
  Proceeds for damaged exempt property 550.37 subds. 9, 16
  Wrongful death recoveries 550.37 subd. 22

Public benefits

AFDC, supplemental assistance, general assistance, SSI/SSA

550.37 subd. 14

  Crime victims compensation 611A.60
  Unemployment compensation 268.17 subd. 2
  Veterans’ benefits 550.38

Workers’ compensation


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

550.37 subd. 5

  Teaching materials (including books, chemical apparatus) of public school teacher 550.37 subd. 8
  Tools implements, machines, instruments, furniture, stock in trade & library to $8000 total 550.37 subd. 6


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

550.37 subd. 5

  Minimum 75% of earned but unpaid wages 571.922
  Wages deposited into bank accounts for 20 days after depositing 550.37 subd. 13
  Wages of released inmates paid within 6 months of release 550.37 subd. 14
  All Earnings not subject to garnishment restrictions 550.37 subd. 13