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.
Filing for Bankruptcy in Minnesota
In this complete guide to filing bankruptcy in Minnesota, you’ll learn about the differences between Chapters 7 and 13, the debts you can discharge, and the property you can keep using Minnesota’s exemption laws. It also explains how to qualify for bankruptcy chapters 7 and 13 in Minnesota, and includes checklists to help you navigate the process and organize bankruptcy documents, and links to a DIY bankruptcy quiz and other helpful resources.
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.