Maryland Bankruptcy Exemption Information
If you are acting as a bankruptcy trustee, one of your primary duties is to evaluate your debtor's property in order to determine if anything qualifies for liquidation. Use our quick reference guide to find some of the most commonly claimed Maryland bankruptcy exemptions.
Homestead
Up to $5,000 in real or personal property.
Wages
75 percent of earnings are exempt.
Automobiles
No specific automobile exemption.
Other Property
The debtor's interest, not to exceed $1,000 in value, in household
furnishings, household goods, wearing apparel, appliances, books, animals kept
as pets, and other items that are held primarily for the personal, family, or
household use; cash or property of any kind equivalent in value to $6,000;
and 100 percent of the value of professionally described health aids.
Note: Exemptions may have changed since our last update.
» Read the complete Maryland bankruptcy
exemptions here
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