Maryland Bankruptcy Exemptions

Owner-occupied residential real property: including condos

$21,625 (spouses may not double)

MD Code Ann. C & JP § 11-504(f)(1)(ii)

Personal property under federal bankruptcy exemptions

$5000 (applies only to bankruptcy cases)

MD Code Ann. C & JP § 11-504(f)

Cash or property of any kind

$6,000

MD Code Ann. C & JP § 11-504(b)(5)

Disposable earnings (earnings after deductions required by law)

75% or $145 per week (30 times the federal minimum hourly wage in Caroline, Kent, Queen Anne’s & Worcester counties) WHICHEVER IS GREATER

MD Code Ann. CL § 15-601.1

Net recovery of personal injury claims

75%

MD Code Ann. C & JP § 11-504(b)(2)(I)

Fraternal Benefit Society benefits

100%

MD Code Ann. Ins. Art. § 8-431

Proceeds of life insurance policy or annuity contract payable to spouse, children or dependent relations of insured

100% (includes death benefits, cash & loan values, waived premiums and dividends)

MD Code Ann. Ins. Art. § 16-111(a) MD Code Ann. Est &Trust § 8-115

Money payable in the event of sickness, accident, injury or death of any person

100%

MD Code Ann. C & JP § 11-504(b)(2)

Burial lots and crypts (not held for investment)

100%

MD Code Ann. BR § 5-503

Household furnishings & goods, wearing apparel, books, pets, and other items held primarily for the personal, family or household use of the debtor or a dependent

$1,000

MD Code Ann. C & JP § 11-504(b)(4)

Professionally prescribed health aids of debtor or dependent

100%

MD Code Ann. C & JP § 11-504(b)(3)

State employees pension benefits

100%

MD Code Ann. SSP § 21-502

Teachers retirement benefits

100%

MD Code Ann. SSP § 21-502

Assets and benefits of retirement plan or IRA qualified under Internal Revenue Code

100%

MD Code Ann. C & JP § 11-504(h)

Personal wearing apparel, books, tools, instruments, or appliances of trade or profession

$5,000

MD Code Ann. C & JP § 11-504(b)(1)

Workmen’s compensation

100%

MD Code Ann. L & E § 9-732

Criminal injuries compensation awards

100% (except for expenses resulting from the injury)

MD Code Ann. CP § 11-816

Public assistance payments

100%

MD Code Ann. Human Serv. Art. § 5-407(a)(1) & (2)

Unemployment insurance benefits

100%

MD Code Ann. L & E § 8-106(b)(2), (3)

Alimony

To the extent that wages are exempt under ACM, CL § 15-601.1

MD Code Ann. C & JP § 11-504(b)(7)

Child support payments

100%

MD Code Ann. C & JP § 11-504(b)(6)

Specific partnership property

100% of partner's interest

MD Code Ann. C & A § 9A-502