Some states (Alabama, Alaska, California. Maryland, Michigan, Minnesota, Ohio, and South Carolina) adjust their statutory exemption limits for inflation periodically.
See the table below for more details.
You may also be interested in:
Federal bankruptcy law has its own list of exemptions 11 U.S.C. § 522, but some states require you to use only the state law exemptions instead, while other states offer a choice of the state or federal exemptions. Find out what your state does.
How much of your home equity is protected if you file for bankruptcy in your state?
How much equity in your car or truck can you protect if you file for bankruptcy in your state?