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Bankruptcy in Massachusetts: Exemptions and Filing Guide

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

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: $500,000 (automatic; must file declaration for full protection).
  • Vehicle exemption: $7,500.
  • Federal exemptions available — you can choose state or federal.
  • Attorney fees: $1,500–$2,500 (Ch. 7) / $3,500–$5,000 (Ch. 13) typical.
$500,000 (automatic; must file declaration for full protection) Homestead exemption
$7,500 Vehicle exemption
Yes Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Massachusetts Bankruptcy Exemptions

  • Homestead$500,000 (automatic; must file declaration for full protection)
  • Vehicle$7,500
  • Personal property$15,000 household furniture; $1,500 jewelry
  • WildcardNone
  • Federal exemptionsAvailable (can choose)

Means Test: Massachusetts Median Income

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

  • 1 person$74,400
  • 2 people$93,200
  • 3 people$107,800
  • 4 people$126,400

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 Massachusetts

Massachusetts bankruptcy court

Related Resources

Frequently Asked Questions

  • What is the Massachusetts homestead exemption?

    Massachusetts provides up to $500,000 in homestead protection. An automatic $125,000 homestead applies, but you must file a declaration at the registry of deeds for the full $500,000.

  • Can I choose federal or state exemptions in Massachusetts?

    Yes. Massachusetts allows debtors to choose between state and federal bankruptcy exemptions.

  • What is the vehicle exemption in Massachusetts?

    Under state exemptions, the vehicle exemption is $7,500. Under federal exemptions, it is approximately $4,450.

  • Is my pension protected in Massachusetts bankruptcy?

    Yes. Public and private pensions, ERISA plans, and IRAs are generally fully protected under both state and federal exemption systems.

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