A bill to amend 1961 PA 236, entitled “Revised judicature act of 1961,” by amending section 5451 (MCL 600.5451), as amended by 2012 PA 451.
Significantly raises and expands Michigan's bankruptcy property exemptions, introduces new protected categories, and establishes regular inflation-based adjustments to better safeguard debtors' assets.
Introduced
by
Referred to the Committee on Government Operations
