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Protecting Your Assets in Bankruptcy: Michigan Property Exemption Laws

Property you get to keep* The law of what has come to be called “Asset Protection” is actually a mixture.

Michigan Personal Property Exemptions

This category covers your car, your non-retirement bank accounts, and most of your other personal possessions, other than your house..

Special Rules for Retirement Accounts:

Under a new provision of the bankruptcy law, enacted in October 2005, virtually all types of pension and retirement accounts.