Bankruptcy in New Jersey
Filing Guide, Exemptions & Attorney Help
Filing for Bankruptcy in New Jersey
While bankruptcy is federal law, where you live matters significantly. New Jersey has its own specific exemption amounts, its own federal bankruptcy courts, and its own median income figures for the Means Test. Understanding these local rules is the first step to a successful filing.
New Jersey Bankruptcy Exemptions
Exemptions determine what property you get to keep when you file Chapter 7 bankruptcy. In New Jersey, these limits dictate how much equity you can protect.
| Homestead Exemption | Varies by New Jersey law |
| Motor Vehicle | Varies |
| Personal Property | Varies |
| Retirement Accounts | Fully Exempt (Federal) |
Exemption amounts change periodically. An attorney in New Jersey will know the current exact figures for your situation.
Means Test Data
To file Chapter 7, your income generally must be below the New Jersey median for your household size.
- 1 Person: Consult attorney
- 2 People: Consult attorney
- 3 People: Consult attorney
- 4 People: Consult attorney
Bankruptcy Courts
Bankruptcy cases in New Jersey are handled by the United States Bankruptcy Courts for the districts of New Jersey.
Your local attorney will determine which district your case will be filed in based on your zip code.
Bankruptcy Options in New Jersey
Residents of New Jersey have access to the same federal bankruptcy chapters as every other state. The most common options for individuals are:
Connect with a New Jersey Attorney
State laws change frequently. Get advice tailored specifically to your situation and New Jersey law. Free consultation, no obligation.
Find a New Jersey Bankruptcy Lawyer