04/15/2026
Big news for Maryland!
Senate Bill 939 has passed and, if signed into law, will create Maryland’s first state homestead exemption in bankruptcy. Effective June 1, 2026, this would allow eligible filers to protect up to $125,000 in home equity.
This is a major win for Maryland families and a big step forward for consumer bankruptcy protections.
If you are thinking about filing for bankruptcy, Chambers Law is here to help.
Call 410-650-4446 to schedule a consultation.
📢NACBA State Win in Maryland!
NACBA applauds the final passage of Senate Bill 939, landmark legislation establishing Maryland’s first state homestead exemption in bankruptcy. The bill now heads to Governor Wes Moore for signature.
Once enacted, effective June 1, 2026, SB 939 will create a $125,000 homestead exemption for Maryland bankruptcy filers, applicable to both single and joint filers, marking a significant advancement in modernizing Maryland’s consumer bankruptcy protections.
NACBA has worked extensively throughout the legislative session in support of Maryland exemption reform and partnered closely with advocates, legislators, and stakeholders to advance protections for Maryland families.
🗞️ Read more in NACBA News: https://nacba.org/news/725320/NACBA-Applauds-Passage-of-Maryland-Homestead-Exemption-Legislation.htm