Ads by Google
Homestead Protection

Iowa Homestead Exemption

How much of your home equity is protected if you file for bankruptcy in Iowa?
Ads by Google
Iowa WildCard Exemption
 
Does Iowa Recognize Tenancy by the Entirety?

Updated: 2021-01-03 by

Real property or an apartment to an unlimited value; property cannot exceed 1/2 acre in town or city, 40 acres elsewhere (husband & wife may not double)

Amount Joint amount

no dollar limit

no dollar limit

NOTE: Residency Requirement Caps Maximum Homestead at $160,375 if you've recently moved to a State that allows more than that

Under the 2005 bankruptcy law, you must be have lived in the state for at least 40 months (3 years + 4 months) before you can claim any homestead protection greater than $160,375. (If your state's exemption offers less than this amount, the law is irrelevant to you.) .

IF you are moving to another state, OR you moved to Iowa within in the last two years, click here.

Federal Non-Bankruptcy Homestead Exemptions (available in every State)

These are exemptions under federal law, and not part of the bankruptcy code, so states cannot "opt out" from these exemptions.

-

US Bankruptcy Code § 522(d) Homestead Exemption

Can a Iowa debtor use the Federal Bankruptcy exemptions instead of Iowa exemptions?

No. Iowa Code § 627.10.

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if

  • you haven't lived in any state longer than 180 days for a while,
  • or
  • if your state allows the Federal exemptions as a choice.

 

Iowa WildCard Exemption
 
Does Iowa Recognize Tenancy by the Entirety?

You may also be interested in:

Ads by Google
Ads by Google
Ads by Google

Iowa: Law

Ads by Google