Means Test Calculators and Bankruptcy Information for Minnesota

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Minnesota Bankruptcy Info

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Minnesota Bankruptcy Information

Duluth  .  Fergus Falls  .  Minneapolis  .  Saint Paul  . 

Minnesota Median Income Standards

 

Minnesota Bankruptcy Exemptions

Minnesota Homestead

Home and land on which it is situated to $390,000; if homestead is used for agricultural purposes, $975,000; cannot exceed 1/2 acre in city, 160 acres elsewhere (husband & wife may not double)

Vehicle

$4,600 (up to $46,000 if vehicle has been modified for disability)

Wages

Wages, paid within 6 mos. of returning to work, after receiving welfare or after incarceration; includes earnings deposited in a financial institution in the last 60 days
Minimum 75% of weekly disposable earnings or 40 times federal minimum hourly wage, whichever is greater

Personal property & Tools of Trade

Appliances, furniture, jewelry, radio, phonographs, & TV to $10,350 total
Bible and books
Clothing, one watch, food, & utensils for family
Farm machines, implements, livestock, produce, & crops to $13,000 total
Tools, machines, instruments, stock in trade, furniture, & library to $11,500 total
Total value of Tools of Trade and Farm Machines combined cannot exceed $13,000

WildCard

None

More info About __ Bankrutpcy Exemptions including citations.

Minnesota Bankruptcy Courts

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