Montana Bankruptcy

If you’re drowning in debt, it’s time to take action. Make the first step today by speaking to a Chapter 7 bankruptcy attorney in your area.

We’ll connect you with a local Montana bankruptcy lawyer—at no cost to you. All you have to do is enter your ZIP code and fill out our 2-minute bankruptcy evaluation form to get started.

Montana Chapter 7 Bankruptcy Exemptions

If you’re considering a Chapter 7 bankruptcy filing in Montana’s bankruptcy court, you’re probably interested in learning more about what a Chapter 7 case entails. Before talking to a Montana bankruptcy attorney, you may want to learn a bit about Chapter 7 bankruptcy. You can start that process right here.

Did you know that Chapter 7 bankruptcy is sometimes called “liquidation”? That’s because your bankruptcy trustee can liquidate (sell off) your nonexempt assets to raise money to pay your creditors. But don’t worry-–Montana provides some specific exemptions so you can protect much of your property from being sold.

Montana Bankruptcy Law

Even those who understand the basic principles of Chapter 7 bankruptcy often find the specifics of bankruptcy law confusing. Working with a Montana bankruptcy lawyer can be an excellent way to make sure you understand the details of your case.

To get a head start on discussions with your bankruptcy lawyer, you may want to review this summary of Montana’s Chapter 7 exemptions:

Homestead: A home worth up to $250,000 is exempt.

Wages: A maximum exemption of 75 percent of disposable weekly earnings

Vehicle: One motor vehicle worth up to $2,500 is exempt

Personal Property:

• 100 percent of professionally prescribed healthy aids.
• Up to $4,500 worth of any personal property, with no one item worth more than $600, including household appliances and goods, jewelry, clothing, books, sporting goods, musical instruments, animal, feed and crops.
• Up to $3,000 worth of trade tools, implements, and professional books.

Get Help Filing Chapter 7 Bankruptcy in Montana

Montana’s bankruptcy exemptions may be difficult to decipher for those without a law degree. Whether you’re interested in learning how to calculate the value of your personal possessions or you’re just curious about how Chapter 7 bankruptcy might help you, a Montana bankruptcy lawyer can help.

We can easily connect you with a local Montana bankruptcy lawyer. Simply fill out the above free bankruptcy case evaluation form or call us at 877-226-6844 to get started.

Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.