Minnesota Bankruptcy Laws

Federal filing fee for Chapter 7 bankruptcy. Fee waivers available for qualifying low-income filers.

Federal filing fee for Chapter 13 bankruptcy.

You must complete credit counseling from an approved agency within 180 days before filing and a debtor education course before discharge.

Chapter 7 filers must pass a means test comparing their income to Minnesota's median income. As of 2024, the median for a single filer is approximately $60,000.

Protects up to $450,000 of equity in your primary residence (up to 160 acres outside a municipality). This is one of the more generous homestead exemptions in the country.

Protects household furniture and appliances, clothing, food, one motor vehicle (up to $5,000 equity or $50,000 if modified for disability), tools of trade, and other personal property.

IRAs, 401(k)s, pensions, and other qualified retirement accounts are fully exempt from creditors in Minnesota bankruptcy.

Minnesota limits wage garnishment to 25% of disposable earnings or the amount by which weekly earnings exceed 40 times the federal minimum wage, whichever is less.