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Maryland Bankruptcy Exemptions
The Bankruptcy Code exemptions contained in 11 U.S.C. 522(d) are not available in Maryland. See, 11 U.S.C. 522(b)(1) and Md. Cts. & Jud. Proc. Code Ann. Sec. 11-504(g).
Maryland Statutory Exemptions - The primary Maryland bankruptcy exemptions are found in Md. Cts. & Jud. Proc. Code Ann. Sec. 11-504.
- Items used in client's trade or profession up to $2,500.00 (11-504(b)(1));
- Money payable in the event of sickness, accident, injury, or death (11-504(b)(2));
- Professionally prescribed health aids (11-504(b)(3));
- Household furnishings and goods up to $500.00 (11-504(b)(4));
- $3,000.00 in any cash or property (11-504(b)(5));
- $2,500.00 in any other real or personal property(11-504(f));
- Proceeds of life insurance (Md. Ins. Code Ann.);
- Specific partnership interests (Md. Corp. & Assoc. Code Ann. Sec. 9-502);
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