Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Minnesota? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Minnesota-specific information on filing for bankruptcy as well as articles on the various Minnesota bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
The Minnesota Homestead Exemption
Homeowners in a Minnesota bankruptcy can protect $450,000 of home equity or up to $1,125,000 if the property is primarily used for agriculture.