Montana Bankruptcy Exemption Information
In bankruptcy cases, the trustee must evaluate the debtor's property for assets that the law allows to be liquidated. Our quick reference guide is a convenient way for you to find some of the Montana's bankruptcy exemptions that are claimed most frequently.
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.
Note: Exemptions may have changed since our last update.
» Read the complete Montana bankruptcy
exemptions here
» Back to Bankruptcy Laws In Your State