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Bankruptcy in Tennessee: Exemptions and Filing Guide

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

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: $5,000 ($7,500 if married; $25,000 if 62+ or disabled).
  • Vehicle exemption: No specific vehicle exemption (use personal property).
  • Must use state exemptions (no federal option).
  • Attorney fees: $1,000–$1,800 (Ch. 7) / $2,500–$4,000 (Ch. 13) typical.
$5,000 ($7,500 if married; $25,000 if 62+ or disabled) Homestead exemption
No specific vehicle exemption (use personal property) Vehicle exemption
No Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Tennessee Bankruptcy Exemptions

  • Homestead$5,000 ($7,500 if married; $25,000 if 62+ or disabled)
  • VehicleNo specific vehicle exemption (use personal property)
  • Personal property$4,000 in personal property
  • Wildcard$10,000 for single filers
  • Federal exemptionsNot available

Means Test: Tennessee Median Income

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

  • 1 person$54,200
  • 2 people$67,600
  • 3 people$77,400
  • 4 people$91,200

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,000–$1,800 (Ch. 7) / $2,500–$4,000 (Ch. 13)
  • Court districtsEastern, Middle, and Western Districts of Tennessee

Tennessee bankruptcy court

Related Resources

Frequently Asked Questions

  • What is the homestead exemption in Tennessee?

    Tennessee provides a $5,000 homestead exemption ($7,500 for married couples). Those age 62 or older or disabled may claim up to $25,000.

  • Does Tennessee have a wildcard exemption?

    Yes. Tennessee provides a $10,000 wildcard exemption for single filers, which is relatively generous and can protect vehicles and other assets.

  • Can I use federal exemptions in Tennessee?

    No. Tennessee requires debtors to use the state exemption system.

  • Is Tennessee a debtor-friendly state?

    Tennessee's low homestead exemption makes it challenging for homeowners, but the $10,000 wildcard helps renters protect significant personal property.

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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