There is not a specific cash exemption when it comes to federal bankruptcy exemptions. That said, there is a wildcard exemption you can use to protect up to $1,325 in property. You can also use up to $12,575 from your homestead exemption to protect cash in a Chapter 7 filing. Beyond these methods, debtors will retain income that doesn’t go into their debt repayment plan or cash that is allowed to be kept via court-approved mandate.