Civil procedure: execution; procedures for collection of judgments; revise. Amends secs. 4011, 4015, 4031, 4061a, 6023, 6027, 6059 & 6104 of 1961 PA 236 (MCL 600.4011 et seq.) & adds secs. 4001a, 4032, 4033, 6001a, 6023b, 6023c, 6023d, 6023e, 6023f & 6023g.
Relating to the homestead exemption.
CIV PRO-POST-JUDGMENT RELIEF
Relating to the release of a judgment lien on homestead property.
Relating to the release of a judgment lien on homestead property.
Revises provisions governing property that is exempt from execution. (BDR 2-707)
Relates to the calculation of the homestead exemption amount; relates to the indexing of the homestead exemption for housing value changes; increases the amount of the motor vehicle exemption; limits the homestead exemption available to bankruptcy debtors to one exemption per household; increases the motor vehicle exemption available in bankruptcy proceedings.
Establishes homestead and bank account exemptions for persons in debt; increases existing exemption amounts for household goods.