Montana Bankruptcy Exemptions - MT Bankruptcy Exemptions

State Exemptions Only

Homestead

$250,000*

• professionally prescribed health aids for the debtor or his dependent;
• federal social security or local public assistance, veterans' benefits,
disability or illness benefits;
• benefits paid or payable for medical, surgical, or hospital care to the extent they are used or will be used to pay for the care;
• maintenance and child support;
• a burial plot, and social security legislation benefits. (MCA 25-13-608.)

 

Personal property which are exempt up to a limited value may include household furnishings and goods, appliances, jewelry, wearing apparel, books, firearms and other sporting goods, animals, feed, crops, and musical instruments to the extent of a value not exceeding $600.00 in any item or $4,500.00 in aggregate value

$4,500

Motor vehicle

$2,500

Tools of Trade

$3,000

* Must occupy at time of filing for bankruptcy, and
must record a homestead declaration before filing.

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

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