Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Montana? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Montana-specific information on filing for bankruptcy as well as articles on the various Montana bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Filing for Bankruptcy in Montana
In this complete guide to filing bankruptcy in Montana, you’ll learn about the differences between Chapters 7 and 13, the debts you can discharge, and the property you can keep using Montana’s exemption laws. It also explains how to qualify for bankruptcy chapters 7 and 13 in Montana, and includes checklists to help you navigate the process and organize bankruptcy documents. You'll also find links to a DIY bankruptcy quiz and other helpful resources.
The Montana Homestead Exemption
If you file for bankruptcy in Montana, the homestead exemption protects up to $350,000 ($700,000 for married couples) of equity in your home.