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Michigan bankruptcy exemptions   MI Bankruptcy Exemptions

FEDERAL BANKRUPTCY EXEMPTIONS ARE AVAILABLE
All Bankruptcy law references are to Michigan Compiled Law Annotated unless otherwise noted.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

Real property including condo to $37,775 (if over 65 or disabled, up to $56,650) property cannot exceed 1 lot in town, village, city, or 40 acres elsewhere

Spouse or child of deceased owner may claim homestead exemption

Property held as tenancy by the entirety may be exempt against debts owed by only one spouse

600.5451

SNB Bank & Trust v. Kensey, 378 N.W. 2d 594 (Ct. App.Mich. 1985)

INSURANCE

Disability, mutual life or health benefits

Fraternal benefit society benefits

Life, endowment or annuity proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors

600.6023(1)(f)


500.8181

500.4054

MISCELLANEOUS

Property of business partnership

449.25

PENSIONS

Firefighters, police officers

ERISA-qualified benefits

IRAs

Judges

Legislators

Probate Judges

Public school employees

State employees

38.559(6)

600.6023(1)(k)

600.6023(1)(l)

38.825

38.1057

38.925

38.1346

38.40

PERSONAL PROPERTY

Appliances, utensils, books, furniture & household goods to $3,775 total

Motor Vehicle to $3,475.00

Building & loan association shares to $1,075 par value, in lieu of homestead

Burial plots, cemeteries; church pew, slip, seat to $650

Clothing; family pictures

Computer and accessories, up to $650

Household Pets to $650

Food & fuel to last 6 months if you're a head of household

600.6023(1)

PUBLIC BENEFITS

AFDC

Crime victim’s compensation

Social welfare benefits

Unemployment compensation

Veterans’ benefits for Korean War veterans

Veterans’ benefits for Vietnam veterans

Veterans’ benefits for WWII veterans

Workers’ compensation

330.1158a

18.362

400.63

421.30

35.977


35.1027


35.926

418.821

TOOLS OF TRADE

Arms & accoutrements you’re required to keep

Tools, implements, materials, stock, apparatus, team, motor vehicle, horse & harness to $2,525 total

600.6023(1)(a)


600.6023(1)(e)

WAGES

60% of earned but unpaid wages for head of household; else 40%; head of household may keep at least $15 per week plus $2 per week per non-spouse dependent; other may keep at least $10 per week

600.5311

 

 

WILD CARD

NONE

 



Michigan bankruptcy courts  Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.

BANKRUPTCY COURTS NUMBER OF COPIES
Eastern District
Detroit Division
211 W. Fort Street, 21st Floor
Detroit, MI 48226
Telephone: (313) 234-0065

Bay City Division
P.O. Box 911 (48707)
111 1st Street
Bay City, MI 48708
Telephone: (517) 894-8840

Flint Division
226 W. 2nd Street
Flint, MI 48502
Telephone: (810) 235-4126

contact clerks office
Western District
Grand Rapids Division
P.O. Box 3310 (49501)
110 Michigan Street, N.W
Grand Rapids, MI 49503
Telephone: (616) 456-2693

Marquette Division
P.O. Box 909
202 West Washington St. Room 314
Marquette, MI 48955
Telephone: (906) 226-2117

contact clerks office

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