Minnesota Bankruptcy Exemptions

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)

$390,000 generally $975,000 if used in farming (May not exceed 160 acres)

Minn. Stat. §§ 510.01, 510.02

One motor vehicle

$4,600 $46,000 if modified for disabled person

Minn. Stat. § 550.37 subd. 12a.

Disposable earnings (earnings after deductions required by law)

75% or 40 times federal minimum hourly wage per week, whichever is greater

Minn. Stat. § 571.921, 922, 550.37(13)

Benefits payable to surviving wife or child from insurance on life of deceased husband or father

$46,000 plus $11,500 for each dependent of surviving wife or child

Minn. Stat. § 550.37 subd.10

Life insurance or endowment proceeds, dividends, interest, loan, cash or surrender value if insured is not the beneficiary

100%

Minn. Stat. § 61A.04, 61A.12

Fraternal Benefit Society benefits

100%

Minn. Stat. § 64B.18

Accident or disability insurance benefits

100%

Minn. Stat. § 550.39

Debtor's aggregate interest in dividends, interest, or loan value of unmatured life insurance contract owned by debtor or individual of whom debtor is a dependent

$9,200

Minn. Stat. § 550.37 subd.23

Benefits payable by police, fire, beneficiary, or fraternal benefit association

100%

Minn. Stat. § 550.37 subd. 11

All wearing apparel, 1 watch, and food

100%

Minn. Stat. § 550.37 subd. 4(a)

Seat or pew in place of worship and lot in burying ground

100%

Minn. Stat. § 550.37 subd. 3

Private cemetery property

100 acres (300 if owned by church)

Minn. Stat. § 307.09(1)

Family Bible, library, and musical instruments

100% (but see In re Hilary, 76 BR 683)

Minn. Stat. § 550.37 subd. 2

Personal injury claims of debtor or relative

100%

Minn. Stat. § 550.37 subd.22

Damages for wrongful levy or execution

100%

Minn. Stat. § 550.37 subd. 16

All money arising from any claim on account of destruction of or damage to exempt property

100%

Minn. Stat. § 550.37 subd. 9

Wedding rings and other marital symbols

$2,817.50

Minn. Stat. § 550.37 subd. 4(c)

Household furniture, utensils, appliances, phonographs, radio and television receivers, foodstuffs of debtor and family

$10,350

Minn. Stat. § 550.37 subd. 4(b)

Police & Firemen's pension benefits

100%*

Minn. Stat. § 423A.16

Debtor's right to receive payments under stock bonus, profit sharing, annuity, individual retirement account or annuity, Roth IRA, simplified employee pension, or similar plan or contract on account of illness, disability, death, age or length of service

100% of amounts exempt under ERISA or $69,000 present value plus amounts reasonably necessary for support of debtor or dependent. (support claims excepted)

Minn. Stat. § 550.37 subd. 24

Judges' retirement benefits

100%

Minn. Stat. § 490.126

Highway patrolmen retirement benefits

100%

Minn. Stat. § 352B.071

Prisoner’s earnings held by state

100%

Minn. Stat. § 241.26(6)

State Retirement Act benefits

100%*

Minn. Stat. §§ 352.15 & 356.401

Public Employees' Retirement Assoc. benefits

100%*

Minn. Stat. §§ 353.15 & 356.401

Teacher's Retirement Fund Assoc. benefits

100%*

Minn. Stat. §§ 354A.11 & 356.401

Tools, implements, machines, instruments, office furniture, stock in trade, and library, used in trade, business or profession

$11,500

Minn. Stat. § 550.37 subd. 6 & 7

Farm machines and implements of farmer used in farming, livestock, farm produce, standing crops

$13,000 (Certain family members may claim family partnership assets as personal assets)

Minn. Stat. § 550.37 subd. 5

Library and other equipment used in teaching at public university

100%

Minn. Stat. §550.37(8)

Equipment of National Guard member

100%

Minn. Stat. § 192.25

Official seal and register of notary public

100%

Minn. Stat. § 359.03

Crime victims payments

100%

Minn. Stat. § 611A.60

Workers' compensation benefits

100%

Minn. Stat. § 176.175

Unemployment compensation benefits

100%

Minn. Stat. § 268.192

Veteran's pension benefits

100%

Minn. Stat. § 550.38

Public assistance

100% (exemption lasts for 60 days after deposit in bank account)

Minn. Stat. § 550.37 subd. 14

Specific partnership property

100% of partner's interest

Minn. Stat. §§ 323A.0203 & 323A.0307

Cash bail posted in court

100%

Minn. Stat. § 629.53

Proceeds of payments received by debtor for contributions made to real estate improvements

100%

Minn. Stat. § 550.37 subd. 25

Earnings of minor child of debtor and child support paid to debtor

100%

Minn. Stat. § 550.37 subd. 15

Mobile home used as home

100%

Minn. Stat. § 550.37 subd. 12