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Montana WildCard Exemption

Montana WildCard Exemption

Almost every state has an exemption for "any property" which is sometimes called the "wildcard" or "grubsteak" exemption. Generally this exemption is useful because it can be combined with other exemptions to fully protect equity that might otherwise go unprotected.
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Montana Wage Garnishment
 
Montana Homestead Exemption

Updated: 2021-03-09 by

State Law Wildcard Exemption

None

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Federal Bankruptcy Wildcard Exemptions

The Federal Bankruptcy Exemptions are available to you if

  • you haven't lived in any state longer than 180 days for a while, or
  • if your state allows the Federal exemptions as a choice.

Does Montana allow debtor the option of using the Federal Bankruptcy exemptions instead of state law exemptions?

No. Mont. Code Ann. § 31-2-106

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Montana Wage Garnishment
 
Montana Homestead Exemption

You may also be interested in:

  • Montana Wage Garnishment

    Wages are protected by federal non bankruptcy law, and by state wage garnishment laws, which are generally more generous than the Federal wage garnishment protection. There are typically exceptions to this exemption for things like child support, and other priority debts.

  • Montana Homestead Exemption

    How much of your home equity is protected if you file for bankruptcy in Montana?

  • Does Montana Adjust Exemptions for Inflation?

    The Federal Government adjusts Federal exemption amounts every three years. Does Montana adjust exemption amounts?

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Montana: Law

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