Maryland has no statutory homestead exemption, but a court has held that a residence owned by a married couple as a tenancy by the entirety is exempt if only one spouse is the debtor.
The references to Maryland statutes are to the Maryland Code of Courts and Judicial Proceedings.
| Maryland Bankruptcy Exemptions
|
|
|
| Assets |
Exemption |
State Statute |
| Homestead |
No exemption |
|
| Insurance |
Health or disability benefits, including settlements and arbitration and
court awards: all |
Courts and Judicial Proceedings 11-504(b)(2) |
|
Medical insurance benefit deductions from wages and medical
insurance payments: are included in the exemptions for wages up to $145 per
week or 75% of disposable weekly wages, whichever is greater. |
Commercial Law 15-601.1(b) |
|
Fraternal benefit society benefits: all. |
Insurance 8-431; Estates and Trusts 8-115 |
|
Life insurance/annuity proceeds and avails: all if beneficiary is the
child, spouse, or dependent of the insured. |
Insurance 16-111(a); Estates and Trusts 8-115 |
| Pensions |
Federal pension exemptions. |
|
|
State employee pensions: all. |
State Personnel and Pensions 21-502 |
| Personal Property |
Burial plot: all. |
Business Regulationv 5-503v |
|
Perpetual care trust fund: all |
Business Regulation 5-602 |
|
Recoveries for lost future earnings: all. |
Courts and Judicial Proceedings 11-504(b)(2) |
|
Health aids: all. |
Courts and Judicial Proceedings 11-504(b)(3) |
|
Household goods, furniture, appliances, books, pets, and clothing: up to
$1,000 total. |
Courts and Judicial Proceedings 11-504(b)(4) |
|
Prepaid college trust fund: all. |
Education 18-1913 |
| Public Benefits |
Death benefits for Baltimore police: all. |
Code of 1957 article 24, 16-103 |
|
General assistance benefits: all. |
Code of 1957 88A-73 |
|
Crime victims' compensation benefits: all. |
Criminal Procedure 11-816(b) |
|
Unemployment compensation benefits: all. |
Labor and Employment 8-106 |
|
Workers' compensation benefits: all. |
Labor and Employment 9-732 |
| Tools of Your Trade |
Tools, instruments, appliances, books, and clothing: up to $5,000. |
Courts and Judicial Proceedings 11-504(b)(1) |
| Wages |
Wages earned but not yet paid, for Kent, Caroline, and Queen Anne's of
Worchester counties: at least 75% of weekly wage or 30 times the federal
minimum hourly wage, whichever is greater. |
Commercial Law 15-601.1 |
|
Wages earned but not yet paid, for the rest of the state: at least 75% of
the weekly wage or $145, whichever is greater. |
Commercial Law 15-601.1 |
| Wildcard |
Any property or cash: up to $6,000 if claimed within 30 days of levy or
attachment. |
Courts and Judicial Proceedings 11-504(b)(5) |
|
Any real or personal property: up to $5,000 in addition to wildcard
above. |
Courts and Judicial Proceedings 11-504(f) |
|
|
|
State Law Center
|
Legal Resource Directory
|
Legal Articles
|
Insurance Advice and Quotes
|
FreeAdvice Answers
|
Community Forums
