Montana Bankruptcy Laws

Filing Bankruptcy in Montana

If you are a Montana resident and are considering filing bankruptcy a Montana bankruptcy attorney will go over all of your options.

Learn, with the help of a Montana bankruptcy attorney, whether filing Chapter 7 or Chapter 13 bankruptcy is the right strategy for you.

For a consultation with a local Montana bankruptcy attorney simply fill out the form on this page.

Fill out our 10-second application form and have one of our attorneys contact you!

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Bankruptcy Law and Montana Exemptions

In the course of your initial consultation with your Montana bankruptcy attorney you will review all of the main differences from Chapter 7 and Chapter 13 bankruptcy.

During this appointment your Montana bankruptcy attorney will ask you many personal finance questions or provide you with a profile sheet to note certain financial details. The answers you list should assist you and your attorney in deciding if filing Chapter 7 or Chapter 13 bankruptcy is the correct approach.

Chapter 7 bankruptcy is also called liquidation as the bankruptcy trustee may sell or auction non-exempted property (see State Exemptions list below).

Regardless, in most of Chapter 7 bankruptcy cases, the person filing bankruptcy owns no non-exempt property, so this would not apply to most filings. If you do not own much property or have many assets Chapter 7 bankruptcy may be the best choice, since you would be allowed to discharge most of your unsecured debt.

Prior to filing Chapter 7 bankruptcy please deliberate about your situation with a Montana bankruptcy attorney to determine exactly how much property may be exempt from liquidation.

Montana State Exemptions

Homestead

A home worth up to $250,000.

Wages

75 percent of a filer’s gross earnings.

Automobiles

An automobile worth up to $2,500.

Personal Property

1. Up to $4,500 worth of the following items, with no single item worth more than $600: household goods and appliances, jewelry, books, firearms and sporting equipment, clothing, feed, animals, crops and musical instruments.
2. Up to $3,000 worth of implements, professional books and trade tools.
3. 100 percent of professionally prescribed health aids.

Chapter 13 Bankruptcy is designated as “reorganization”. Persons filing Chapter 13 may own more property and by filing Chapter 13 may also keep most of their assets.

In Chapter 13 bankruptcy, the filer draws up a proposal for a repayment plan for a term of 3 to 5 years, which must be approved by a bankruptcy court. This plan allows the filer to repay outstanding bills.

Speak With a Montana Bankruptcy Attorney Today

If you have considered filing bankruptcy in Montana you may not know where to begin or feel bound by the complexities of the bankruptcy laws.

To answer all questions about the bankruptcy laws, a Montana bankruptcy attorney will be able to guide you through the bankruptcy process in common terms. When you contact a Montana bankruptcy attorney you will also be able to have many of your questions and concerns answered in the first consultation.

Take the stress out of finding a good Montana bankruptcy attorney. Just complete our bankruptcy questionnaire on this page and we will direct you to a Montana bankruptcy attorney in your area.

Note: This is not legal advice. All bankruptcy laws in any state need the consult of a bankruptcy attorney licensed in that state. Consult a local attorney if you are seeking legal advice. Some or all bankruptcy laws may have changed since this page was created.

Montana Bankruptcy Attorneys are available in the following areas:

ABSAROKEE, ACTON, ALDER, ALZADA, ANACONDA, ANGELA, ARLEE, ASHLAND, AUGUSTA, AVON, BAKER, BALLANTINE, BASIN, BEARCREEK, BELFRY, BELGRADE, BELT, BIDDLE, BIG ARM, BIG SKY, BIG TIMBER, BIGFORK, BIGHORN, BILLINGS, BIRNEY, BLACK EAGLE, BLOOMFIELD, BONNER, BOULDER, BOYD, BOYES, BOZEMAN, BRADY, BRIDGER, BROADUS, BROADVIEW, BUSBY, BUTTE, BYNUM, CAMERON, CANYON CREEK, CAPITOL, CARDWELL, CARROLL COLLEGE, CASCADE, CHARLO, CHOTEAU, CITY COUNTY BUILDING, CLANCY, CLINTON, COLSTRIP, COLUMBIA FALLS, COLUMBUS, CONDON, CONRAD, CORAM, CRANE, CROW AGENCY, CULBERTSON, CUSTER, DAYTON, DECKER, DEER LODGE, DELL, DELPHIA, DILLON, DIVIDE, DRUMMOND, DUPUYER, DUTTON, EAST HELENA, EDGAR, EKALAKA, ELLISTON, ELMO, ENNIS, ESSEX, ETHRIDGE, EUREKA, FAIRFIELD, FAIRVIEW, FALLON, FISHTAIL, FLORENCE, FORSYTH, FORT HARRISON, FORT SHAW, FORTINE, FRENCHTOWN, FROMBERG, GALATA, GALLATIN GATEWAY, GARRISON, GARRYOWEN, GLEN, GLENDIVE, GOLD CREEK, GREAT FALLS, GREYCLIFF, HALL, HAMMOND, HARDIN, HARRISON, HATHAWAY, HEART BUTTE, HELENA, HELMVILLE, HOT SPRINGS, HUNGRY HORSE, HUNTLEY, HUSON, HYSHAM, INGOMAR, ISMAY, JACKSON, JEFFERSON CITY, JOLIET, KALISPELL, KEVIN, KILA, KINSEY, LAKE MC DONALD, LAKE MCDONALD, LAKESIDE, LAMBERT, LAME DEER, LAUREL, LAVINA, LIBBY, LIMA, LINCOLN, LINDSAY, LODGE GRASS, LOLO, LOTHAIR, MALMSTROM A F B, MANHATTAN, MARION, MARTIN CITY, MARTINSDALE, MARYSVILLE, MC ALLISTER, MC LEOD, MELROSE, MELSTONE, MELVILLE, MILDRED, MILES CITY, MILLTOWN, MISSOULA, MOLT, MONARCH, MUSSELSHELL, NEIHART, NORRIS, NYE, OILMONT, OLIVE, OLNEY, OTTER, OVANDO, PABLO, PARK CITY, PENDROY, PHILIPSBURG, PLEVNA, POLARIS, POLEBRIDGE, POLSON, POMPEYS PILLAR, PONY, POWDERVILLE, POWER, PROCTOR, PRYOR, RADERSBURG, RAMSAY, RAPELJE, RAVALLI, RED LODGE, REED POINT, REXFORD, RICHEY, RINGLING, ROBERTS, ROLLINS, RONAN, ROSCOE, ROSEBUD, ROUNDUP, RYEGATE, SAINT IGNATIUS, SAINT XAVIER, SAND COULEE, SANDERS, SAVAGE, SEELEY LAKE, SHELBY, SHEPHERD, SHERIDAN, SIDNEY, SILVER STAR, SIMMS, SOMERS, STOCKETT, STRYKER, SUMATRA, SUN RIVER, SUNBURST, SWEET GRASS, TERRY, THREE FORKS, TOSTON, TOWNSEND, TREGO, TROY, TWIN BRIDGES, ULM, VALIER, VAUGHN, VIRGINIA CITY, VOLBORG, WARM SPRINGS, WEST GLACIER, WEST YELLOWSTONE, WHITE SULPHUR SPRINGS, WHITEFISH, WHITEHALL, WIBAUX, WILLARD, WILLOW CREEK, WINSTON, WISDOM, WISE RIVER, WOLF CREEK, WORDEN, WYOLA, YELLOWTAIL