Kentucky Bankruptcy Law

Considering filing bankruptcy in Kentucky? You need to understand Kentucky bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Kentucky, and some filing statistics for Kentucky.

Kentucky Exemptions

Homestead:
recognized but not exempt
Details:
Tenancies by the Entirety

Homestead:
$5,000
Details:
Proceeds from involuntary sale of real property in place of homestead

Homestead:
$5,000
Details:
Land or personal property used by debtor or dependent as permanent residence within state, or burial plot of debtor or dependent

Motor Vehicle:
$2500 (applies to residents only)
Details:
One motor vehicle and accessories (including 1 spare tire)


This is just and overview and there is a detailed list of the Kentucky Bankruptcy Exemptions.

Kentucky Bankruptcy Courts

If you need more information about the Kentucky Federal Bankruptcy Courts you can click on the link for your district.

  • Kentucky Eastern District
  • Kentucky Western District

    • Kentucky Filing Statistics

    Here are the counties in Kentucky with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 JEFFERSON
    3900
    2632
    1266
    2012 FAYETTE
    1075
    806
    269
    2012 KENTON
    910
    588
    322
    2012 BOONE
    712
    468
    244

    You can see the information for all counties by visiting the Kentucky Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Kentucky.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    1371
    958
    412
    2013 5
    1514
    1093
    421
    2013 4
    1778
    1341
    437
    2013 3
    1869
    1431
    438
    2013 2
    1607
    1203
    404
    2013 1
    1396
    976
    420


    You can see more data by visiting the Kentucky Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.