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HB 1098

Courts - Exemptions From Execution on Judgments - Residential Real Property

2026 Regular Session Introduced by Vaughn Stewart and 1 co-sponsor

HB 1098 expands Maryland bankruptcy protections allowing homeowners to shield more residential real property equity from creditor seizure during insolvency proceedings.

Referred Judicial Proceedings
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Bill Summary · HB 1098

Legislative bill overview

HB 1098 modifies Maryland's bankruptcy laws to expand exemptions protecting residential real property from execution (seizure) during bankruptcy proceedings. The bill would allow debtors to shield more of their home equity from creditors when filing for bankruptcy protection.

Why is this important

Homeownership is often a family's largest asset and primary source of financial stability. This change directly affects whether individuals and families can retain their primary residence when experiencing severe financial distress, influencing both personal outcomes and broader housing security in the state.

Potential points of contention

  • Creditor impact: Lenders and creditors may argue that expanded exemptions reduce their ability to recover debts, potentially leading to higher interest rates or stricter lending practices
  • Scope of protection: Unclear whether exemptions apply to all residential properties or only primary residences, and at what equity levels protection applies
  • Fiscal implications: The bill's effect on Maryland's bankruptcy courts' caseload and administrative costs requires clarification, as does any impact on state revenue or property tax collection

Compiled from official sources — confirm details with the bill’s official record.

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