Bankruptcy by State
Bankruptcy in Kentucky
How Kentucky's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$5,000
#33 of 51
Vehicle exemption
$2,500
#21 of 51
Median income (1 person)
$61,652
Chapter 7 means-test threshold
Annual filings
12,163
Year 2025
Kentucky 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 | Kentucky | National median | Rank |
|---|---|---|---|
| Homestead exemption | $5,000 | $90,000 | #33 of 51 |
| Motor vehicle exemption | $2,500 | $7,250 | #21 of 51 |
| Median income (1-person household) | $61,652 | $71,745 | #47 of 51 |
| Median income (4-person household) | $109,443 | $126,058 | #44 of 51 |
| Annual bankruptcy filings | 12,163 | 8,707 | #17 of 51 |