Bankruptcy Exemption Calculator
Calculate what property you can protect in bankruptcy
Exemption Calculator Tool
Understanding Bankruptcy Exemptions
Exemptions protect your property in bankruptcy. This calculator helps estimate what you can keep based on federal or state exemption laws.
How to Use This Calculator
- Select your state (or federal if your state allows)
- Enter the equity in your home (value minus mortgage)
- Enter the equity in your vehicle(s)
- Enter your cash and savings amounts
- Select your filing status
- Click Calculate to see your protection
Important: This calculator provides estimates only. Actual exemptions depend on many factors. Consult with a bankruptcy attorney for accurate analysis.
Common Exempt Property
- Primary residence (homestead exemption)
- Vehicle (up to certain value)
- Household goods and furnishings
- Retirement accounts (401k, IRA)
- Tools of trade
- Some cash value life insurance
- Personal injury settlements