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Montana Bankruptcy
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Montana Bankruptcy Exemption
Homestead:
Homestead consisting of mobile home or dwelling in which debtor resides and land on which it is located, a written declaration of homestead must be recorded with county clerk. This includes noticeable proceeds for 18 months after sale.
Household Goods: Household furnishing goods, appliances, jewelry, wearing apparel, books, firearms, sporting goods, animals, feed, crops and musical instruments exempted up to the extent of $ 600 per item and $ 4,500 aggregate value. Automobile: One motor vehicle up to the worth of $ 2,500. Household goods: Household goods and furniture, any personal property held primarily for the debtor himself/herself or any dependent up to the extent of $ 2,000. Professional Items: Implements, professional books, tools of trade of debtor or dependent are exempted up to the extent of $ 3000. Life Insurance: Unmatured life insurance contracts up to the extent of $ 4,000. Wages: Aggregate net earnings of debtor 75 % or 30 times the federal minimum hourly wage per week, whichever is greater. Cooperative Salary: Salaries in cooperative associations up to the extent of $ 500 par value. Disability Insurance Proceeds: Disability insurance proceeds up to $ 350 per month. Total or Absolute Exemptions for:
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