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Bankruptcy in Maryland: Exemptions and Filing Guide

State-specific bankruptcy exemptions and filing information for Maryland. These exemptions determine what property you can keep when filing Chapter 7 bankruptcy.

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: None (Maryland does not have a homestead exemption).
  • Vehicle exemption: None specific.
  • Must use state exemptions (no federal option).
  • Attorney fees: $1,500–$2,500 (Ch. 7) / $3,500–$5,000 (Ch. 13) typical.
None (Maryland does not have a homestead exemption) Homestead exemption
None specific Vehicle exemption
No Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Maryland Bankruptcy Exemptions

  • HomesteadNone (Maryland does not have a homestead exemption)
  • VehicleNone specific
  • Personal property$1,000 household goods
  • Wildcard$6,000 in any property
  • Federal exemptionsNot available

Means Test: Maryland Median Income

To qualify for Chapter 7 in Maryland, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

  • 1 person$72,400
  • 2 people$89,500
  • 3 people$102,200
  • 4 people$119,000

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,500–$2,500 (Ch. 7) / $3,500–$5,000 (Ch. 13)
  • Court districtsDistrict of Maryland

Maryland bankruptcy court

Related Resources

Frequently Asked Questions

  • Does Maryland have a homestead exemption?

    No. Maryland is one of the few jurisdictions with no homestead exemption for bankruptcy purposes. Homeowners must rely on the wildcard or other exemptions.

  • What is Maryland's wildcard exemption?

    Maryland provides a $6,000 wildcard exemption that can be applied to any property, which is often used to protect vehicle equity or cash.

  • Can I choose federal exemptions in Maryland?

    No. Maryland requires the use of state exemptions.

  • What are the most common bankruptcy filings in Maryland?

    Chapter 7 and Chapter 13 are both common in Maryland. Due to the lack of homestead exemption, many homeowners opt for Chapter 13 to protect their home.

Legal Disclaimer: FreeNetLaw provides general legal information, not legal advice. The information on this site is not a substitute for consultation with a licensed attorney. Laws vary by jurisdiction and change frequently. Always verify information with official sources and consult a qualified attorney for advice about your specific situation.

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