What are the bankruptcy exemptions in Michigan?

Michigan offers a variety of exemptions to help you protect essential assets. Some key exemptions include:

• Homestead Exemption: Up to $40,475 of home equity.
• Vehicle Exemption: Up to $3,775 for one vehicle.
• Personal Property: Various exemptions for household goods, furnishings, clothing, appliances, and tools of the trade.

Our attorneys in Warren and Flint are well-versed in Michigan exemption laws and can help you safeguard your belongings during bankruptcy.