The history of Michigan (debtor) exemptions.

Exemptions are an important issue in any debtor-creditor practice involving individual debtors. A creditor’s attorney needs to know what assets are available to satisfy the client’s claim. A debtor’s attorney needs to know what assets are safe from creditors, and which are not. A good creditor or debtor’s attorney needs to know the state and federal bankruptcy and non-bankruptcy exemptions backwards and forward and upside down.

A few years ago, I looked for an article about the history of Michigan exemptions. What were the first exemptions in Michigan law, and how did they develop over time? How did our odd collection of exemptions come to be? There was no such article, so I wrote one. I hope that you enjoy it. TRM

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