Montana State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain types of your property from your creditors when you file bankruptcy-such as your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other important property. Montana law provides a number of exemptions that protect your property, and your Montana TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
$100,000 homestead exemption.
Wages
75 percent of gross earnings.
Automobiles
Up to $2,500 in value of one motor vehicle.
Other Property
A total of $4,500 in aggregate value, not exceeding $600 in any one item, of household furnishings and goods, appliances, jewelry, wearing apparel, books, firearms and other sporting goods, animals, feed, crops, and musical instruments; and up to $3,000 in aggregate value of any implements, professional books, and tools of the trade.
» Read the complete Montana bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.