Bankruptcy Laws in Minnesota.

Federal bankruptcy filing fees are set by the federal courts and can change. Fee waivers may be available for qualifying low-income Chapter 7 filers.

Federal bankruptcy filing fees are set by the federal courts and can change. Check the current federal fee schedule before filing.

You must complete credit counseling from an approved agency within 180 days before filing and a debtor education course before discharge.

Chapter 7 filers may need to complete the federal means test using current U.S. Trustee Program median-income and expense data for Minnesota.

Minnesota protects homestead equity up to the statutory amount in Section 510.02. The amount adjusts periodically, so the current statute should be checked before relying on a dollar figure.

Minnesota protects specified categories of personal property, including household goods, some vehicle equity, tools of trade, and other listed property. Dollar amounts adjust periodically and should be checked in the current statute.

IRAs, 401(k)s, pensions, and other qualified retirement accounts are fully exempt from creditors in Minnesota bankruptcy.

Minnesota limits wage garnishment to 25% of disposable earnings or the amount by which weekly earnings exceed 40 times the federal minimum wage, whichever is less.