Michigan Bankruptcy Exemptions - MI Bankruptcy Exemptions

State Or Federal Exemptions Allowed

Click Here for Federal Exemptions

Homestead - (if over 65 or disabled, up to $56,650)


Wearing Apparel

Household pets


Family pictures

Household goods


Other personal property


Motor vehicle


Fuel for comfortable subsistence of each householder and his or her family for six months

One computer and accessories


Crops, farm animals and feed


Tools of trade


An individual retirement account or individual retirement annuity as defined in section 408 of the Internal Revenue Code; and the right of the judgment debtor's interest in a pension, profit-sharing, stock bonus, or other plan that is qualified under section 401 of the Internal Revenue Code, or an annuity contract under section 403 of the Internal Revenue Code. (MSA 27a.6021.)

Click on the Evaluation Button for a Free Evaluation by a local Bankruptcy Attorney.


Click on the Lawyers Button to contact a Bankruptcy Lawyer in your area.


NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.

BankruptcyAction.com on Google+