Homestead - (if over 65 or disabled, up to $51,650) |
$34,450 |
Wearing apparel |
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Household pets |
$575 |
Family pictures |
$6,000 |
Household goods |
$3,450 |
Other personal property |
$750 |
Motor vehicle |
$2,775 |
One computer and accessories |
$575 |
Crops, farm animals and feed |
$2,300 |
Tools of trade |
$2,300 |
An individual retirement account or individual retirement annuity as defined in section 408 of the Internal Revenue Code; and the right of the judgment debtor's interest in a pension, profit-sharing, stock bonus, or other plan that is qualified under section 401 of the Internal Revenue Code, or an annuity contract under section 403 of the Internal Revenue Code. (MSA 27a.6021.) |
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NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.