Iowa Homestead Exemption Form

State residents may claim the Iowa homestead exemption law in Chapter 7 bankruptcy cases, without limitation on value, but to include no more than one-half acre of land in a town or city, or 40 total contiguous rural acres. Nevertheless, despite the state statute, federal law now preempts the Iowa Homestead Exemption Act and establishes a cap for maximum homestead value in the amount of $125,000.

To claim this exemption in federal court, the Iowa homestead exemption form is insufficient, and debtors must use the federal exemption claim form H and file the form with the clerk of the Iowa bankruptcy court.