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Federal supplemental exemptions can be used in conjunction with your Michigan exemptions and can be viewed here.
In Michigan, you may choose
to use the federal
exemption set instead of your state exemptions.
Also see Michigan bankruptcy forms.
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ASSET
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EXEMPTION DESCRIPTION
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LAW SECTION
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Homestead
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Real property including condo to $3500; property cannot exceed 1 lot
in town, village, city, or 40 acres elsewhere
Spouse or child of deceased owner may claim homestead exemption
Property held as tenancy by the entirety may be exempt against debts
owed by only one spouse
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559.214, 600.6023(1)(h), (I), 600.6023(3), 600.6027
SNB Bank & Trust v. Kensey, 378 N.W. 2d 594 (Ct. App.Mich.
1985)
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Insurance
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Disability, mutual life or health benefits
Fraternal benefit society benefits
Life, endowment or annuity proceeds if clause prohibits proceeds from
being used to pay beneficiary’s creditors
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600.6023(1)(f)
500.8181
500.4054
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Miscellaneous
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Property of business partnership
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449.25
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Pensions
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Firefighters, police officers
ERISA-qualified benefits
IRAs
Judges
Legislators
Probate Judges
Public school employees
State employees
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38.559(6)
600.6023(1)(k)
600.6023(1)(l)
38.825
38.1057
38.925
38.1346
38.40
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Personal property
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Appliances, utensils, books, furniture & household goods to $1000
total
Building & loan association shares to $1000 par value, in lieu of
homestead
Burial plots, cemeteries; church pew, slip, seat
Clothing; family pictures
2 cows, 100 hens, 5 roosters, 10 sheep, 5 swine; hay & grain to
last 6 months if you’re a head of household
Food & fuel to last 6 months if you’re a head of household
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600.6023(1)(b)
600.6023(1)(g)
600.6023(1)(c)
600.6023(1)(a)
600.6023(1)(d)
600.6023(1)(a)
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Public benefits
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AFDC
Crime victim’s compensation
Social welfare benefits
Unemployment compensation
Veterans’ benefits for Korean War veterans
Veterans’ benefits for Vietnam veterans
Veterans’ benefits for WWII veterans
Workers’ compensation
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330.1158a
18.362
400.63
421.30
35.977
35.1027
35.926
418.821
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Tools of trade
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Arms & accoutrements you’re required to keep
Tools, implements, materials, stock, apparatus, team, motor vehicle,
horse & harness to $1000 total
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600.6023(1)(a)
600.6023(1)(e)
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Wages
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60% of earned but unpaid wages for head of household; else 40$; head
of household may keep at least $15 per week plus $2 per week per
non-spouse dependent; other may keep at least $10 per week
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600.5311
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WILD CARD
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NONE
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