Means Test Calculators and Bankruptcy Information for Michigan

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Michigan Bankruptcy Info

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Michigan Bankruptcy Information

Bay City  .  Detroit  .  Flint  .  Grand Rapids  .  Kalamazoo  .  Lansing  .  Marquette  .  Traverse City  . 

Michigan Median Income Standards

 

Michigan Bankruptcy Exemptions

Michigan Homestead

Real property including condo to $37,775, $56,650 if elderly or disabled; property cannot exceed 1 lot in town, village, city, or 40 acres elsewhere; spouse or children of deceased owner may claim homestead exemption. Spouses or unmarried co-owners may not double.

Vehicle

$3,475

Wages

Head of household may keep 60% of earned but unpaid wages (no less than $15/week), plus $2/week per nonspouse dependent; if not head of household may keep 40% (no less than $10/week)

Personal property & Tools of Trade

Appliances, utensils, books, furniture, & household goods, to $600 each, to $3,775 total
Building & loan association shares to $1,175 par value, in lieu of homestead
Clothing; family pictures
1 computer & accessories to $650
Crops, farm animals, and feed for the farm animals to $2,525
Food & fuel to last family for 6 months
Church pew, slip, seat for entire family to $650
Household pets to $650
Professionally prescribed health aids
Tools, implements, materials, stock, apparatus, or other things needed to carry on occupation to $2,525 total

WildCard

None

More info About __ Bankrutpcy Exemptions including citations.

Michigan Bankruptcy Courts

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