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Michigan Miscellaneous Exemptions

Michigan Miscellaneous Exemptions

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Michigan Insurance Exemptions
 
Michigan Pension Exemptions

Updated: 2021-03-09 by

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US Bankruptcy Code § 522 Miscellaneous Exemptions

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

Yes. Michigan residents can use the Federal or State exemption systems.

Michigan has passed a special set of exemptions designed only to be used in bankruptcy cases (found in Section 600.5451). Although debtors can use the the exemptions in Michigan's "bankruptcy only" exemption statute, as well as ANY OTHER exemptions found in other Michigan statutes, such as exemptions for life insurance. (See In re Sasasak, 426 B.R. 680.)

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.

 

 

Michigan Insurance Exemptions
 
Michigan Pension Exemptions

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Michigan: Law

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