Bankruptcy by State
Bankruptcy in Connecticut
How Connecticut's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$250,000
#10 of 51
Vehicle exemption
$7,000
#10 of 51
Median income (1 person)
$84,302
Chapter 7 means-test threshold
Annual filings
3,678
Year 2025
Connecticut vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Connecticut | National median | Rank |
|---|---|---|---|
| Homestead exemption | $250,000 | $90,000 | #10 of 51 |
| Motor vehicle exemption | $7,000 | $7,250 | #10 of 51 |
| Median income (1-person household) | $84,302 | $71,745 | #11 of 51 |
| Median income (4-person household) | $159,934 | $126,058 | #5 of 51 |
| Annual bankruptcy filings | 3,678 | 8,707 | #36 of 51 |