Minnesota Bankruptcy Law

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

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

Minnesota Exemptions

Homestead:
$390,000 generally $975,000 if used in farming (May not exceed 160 acres)
Details:
Homestead, consisting of house and land occupied by debtor as dwelling place (title maybe in either spouse; includes equitable interests in land and proceeds of sale of exempt homestead for 1 year)

Motor Vehicle:
$4,600 $46,000 if modified for disabled person
Details:
One motor vehicle


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

Minnesota Bankruptcy Courts

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

  • Minnesota District

    • Minnesota Filing Statistics

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

    Year - County
    Total
    Ch7
    Ch13
    2012 HENNEPIN
    3747
    3080
    667
    2012 RAMSEY
    1685
    1391
    294
    2012 DAKOTA
    1490
    1236
    254
    2012 ANOKA
    1472
    1178
    294

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

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

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    1131
    938
    193
    2013 5
    1290
    1084
    205
    2013 4
    1469
    1233
    235
    2013 3
    1383
    1179
    201
    2013 2
    1076
    893
    183
    2013 1
    1089
    903
    186


    You can see more data by visiting the Minnesota 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.