Courts - Exemptions From Execution on Judgments - Residential Real Property

Summary

The bill increases the amount of Maryland‑state exemption for an individual’s primary residence in a bankruptcy case and adds property held in a revocable trust. It sets a $150,000 exemption for most debtors and $300,000 for veterans or disabled seniors, with annual CPI adjustments. The changes apply only to bankruptcy filings after June 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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