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Bankruptcy in Montana: Exemptions and Filing Guide

State-specific bankruptcy exemptions and filing information for Montana. These exemptions determine what property you can keep when filing Chapter 7 bankruptcy.

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: $350,000.
  • Vehicle exemption: $4,000.
  • Must use state exemptions (no federal option).
  • Attorney fees: $1,200–$2,000 (Ch. 7) / $3,000–$4,500 (Ch. 13) typical.
$350,000 Homestead exemption
$4,000 Vehicle exemption
No Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Montana Bankruptcy Exemptions

  • Homestead$350,000
  • Vehicle$4,000
  • Personal property$4,500 household goods; $1,500 jewelry
  • WildcardNone
  • Federal exemptionsNot available

Means Test: Montana Median Income

To qualify for Chapter 7 in Montana, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

  • 1 person$57,400
  • 2 people$71,200
  • 3 people$80,400
  • 4 people$94,600

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,200–$2,000 (Ch. 7) / $3,000–$4,500 (Ch. 13)
  • Court districtsDistrict of Montana

Montana bankruptcy court

Related Resources

Frequently Asked Questions

  • What is Montana's homestead exemption?

    Montana provides a $350,000 homestead exemption, which is among the more generous in the country.

  • Can I use federal exemptions in Montana?

    No. Montana requires the use of state exemptions.

  • What vehicle exemption does Montana offer?

    Montana allows a $4,000 exemption for one motor vehicle.

  • How does Montana's means test compare to other states?

    Montana's median income is moderate. If your income is below the Montana median for your household size, you typically qualify for Chapter 7.

Legal Disclaimer: FreeNetLaw provides general legal information, not legal advice. The information on this site is not a substitute for consultation with a licensed attorney. Laws vary by jurisdiction and change frequently. Always verify information with official sources and consult a qualified attorney for advice about your specific situation.

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