New York · Bankruptcy exemptions

New York Bankruptcy Exemptions

Three county tiers: $204,825 upper tier / $170,700 middle tier / $102,400 lower tier under the NY DFS 2024 triennial adjustment table; married couples may double where applicable.

Four rules checked against governing sourcesSources checked through Jul 3, 2026Inspect the coverage gate

Answer first, sources attached

The four rules to check first

These are current source-linked reference points, not a conclusion about which exemptions apply to a particular filing.

Home equity

Homestead

Three county tiers: $204,825 upper tier / $170,700 middle tier / $102,400 lower tier under the NY DFS 2024 triennial adjustment table; married couples may double where applicable.

N.Y. CPLR § 5206(a); NY DFS 2024 exemption adjustment table

Verified Jul 3, 2026 · Next review by Apr 1, 2027

System choice

State or federal exemption system

New York permits an individual debtor to elect the federal §522(d) exemptions instead of the New York Article 10-A exemptions.

N.Y. Debtor and Creditor Law § 285

Verified Jul 3, 2026 · Next review by Jul 3, 2027

What changes the answer

The number is only the starting point

  • Petition date and domicileTiming can change the applicable state system and the operative amount.
  • Equity, liens, and ownershipThe protected interest is not simply the property’s market value.
  • Joint filing and doublingWhether spouses can combine an exemption depends on the rule and facts.
  • Federal limits and case lawFederal provisions, including 11 U.S.C. § 522(p), and controlling decisions can limit the result.

Organize home equity

Work through value, secured balances, selling costs, and an optional exemption reference.

View published income figures

See the current U.S. Trustee table by household size for New York.

Find licensed help

Use public directories to find a lawyer who can apply the rules to a filing.

For bankruptcy attorneys

Put the rule into the matter, not another note

DocketBuddy carries source-linked exemption data into the client record, organizes the facts that affect the analysis, and leaves the legal decision with the attorney.

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This page reports source-linked state rules and review dates. It does not select an exemption system, determine eligibility, calculate protected equity, or apply law to an individual situation. Verify the cited authority and current law before relying on a figure.