The Kentucky Homestead Exemption

In you file for bankruptcy in Kentucky, the homestead exemption allows you to protect up to $5,000 of equity in your home.

In bankruptcy, a homestead exemption protects equity in your home. Here you’ll find specific information about the homestead exemption in Kentucky bankruptcy.

For information about how the homestead exemption works in both Chapter 7 and Chapter 13 bankruptcy, see The Homestead Exemption in Bankruptcy.

The Kentucky Homestead Exemption Amount

Under the Kentucky exemption system, homeowners may exempt up to $5,000 of any property used as a homestead.

Doubling for Married Couples

Married couples who file joint bankruptcy and who own their home together can double the Kentucky bankruptcy exemption, giving a total exemption amount of $10,000.

(To learn more about joint bankruptcy filings, see Nolo's section on Bankruptcy Options for Married Couples.)

The Scope of the Kentucky Homestead Exemption

In Kentucky, the homestead exemption applies to any property, real or personal, you use as a home, including houses, mobile homes, and condominiums, It also covers burial plots.

The exemption also applies to proceeds from the sale of a homestead.

Can You Use the Federal Bankruptcy Exemptions in Kentucky?

In Kentucky you can use either the state exemption system or the federal bankruptcy exemption system (but you can’t pick and choose different exemptions from each system – you have to use all state exemptions or all federal exemptions.)

The federal bankruptcy homestead exemption amount is $22,975. The exemption may be used for homes, condos, co-ops, mobile homes, and burial plots. Married couples may double this exemption. You can find the federal bankruptcy homestead exemption at 11 U.S.C. §522(d)(1) and (5).

(To learn more about which state exemptions apply to you, see Which Exemptions Can You Use in Bankruptcy?)

No Homestead Declaration Required in Kentucky

In Kentucky the homestead exemption is automatic – you don’t have to file a homestead declaration in order to claim the homestead exemption in bankruptcy.

Finding the Kentucky Homestead Exemption Statute

Kentucky’s homestead exemption is found in the Kentucky state statutes at Ky. Rev. Stat. Ann. 427.060 and Ky. Rev. Stat. Ann. 427.090. You can find the state statutes on the website of the Kentucky legislature at To learn more about finding and checking state statutes, check out Nolo’s Laws and Legal Research area.

Learn More About Your Property in Bankruptcy

To learn more about how your property is protected (or not) from creditors when you file for bankruptcy, see Nolo's section on Bankruptcy Exemptions & Your Property.

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