
Bankruptcy in Montana (2026): Exemptions & Means Test
Montana bankruptcy guide: the state opted out of federal exemptions, a $425,827 (2026) indexed homestead under MCA 70-32-104, plus the April 2026 means test.
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Montana bankruptcy guide: the state opted out of federal exemptions, a $425,827 (2026) indexed homestead under MCA 70-32-104, plus the April 2026 means test.

Missouri bankruptcy guide: the state opted out of federal exemptions, a fixed $15,000 homestead under RSMo 513.475, plus the April 2026 means-test income.

Mississippi bankruptcy guide: the state opted out of federal exemptions, a fixed $75,000 homestead under Miss. Code 85-3-21, plus 2026 means-test income.

Minnesota bankruptcy guide: choose state or federal exemptions, a high $540,000 homestead under Minn. Stat. 510.02, plus 2026 means-test income.

Michigan bankruptcy guide: choose state or federal exemptions, an inflation-adjusted homestead up to $51,150 under MCL 600.5451, plus 2026 means-test income.

Massachusetts lets filers choose state or federal exemptions. The declared homestead protects up to $1,000,000, the automatic homestead is $125,000, plus the means test.

Maryland opted out of federal bankruptcy exemptions. Learn the $31,575 homestead cap, the $6,000 wildcard used to protect a vehicle, and the 2026 means test income.

Maine opted out of federal exemptions. The homestead protects up to $94,300 of equity, more for older or disabled filers, plus the 2026 means test income figures.

Louisiana opted out of federal exemptions. The homestead protects $35,000 in value, the vehicle exemption is $7,500, and see the 2026 means test income figures.

Kentucky lets filers choose state or federal exemptions. The state homestead is only $5,000 and the vehicle exemption is $2,500, so many filers pick the larger federal set.

Kansas opted out of federal exemptions. Its homestead has no dollar cap and is limited only by acreage, the vehicle exemption is $20,000, and see the means test income.

Iowa bankruptcy: opted out of federal exemptions, an unlimited homestead under Iowa Code 561 (acreage limits), the $7,000 vehicle exemption, and the means test.