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Filing Bankruptcy in Montana

Montana has a relatively low prevalence of bankruptcy, with approximately 2,622 cumulative filings for 2009. This does not mean, however, that Montana residents are immune to financial hardship, as the recent financial downturn has left many people unemployed and struggling under the weight of their debt. If you’ve found yourself in a similar situation, it may be time to consider filing bankruptcy.

Losing their property in a bankruptcy case is understandably a major concern for many filers. The property you are allowed to keep depends on official exemptions listed in state and federal law. Although the U.S. Bankruptcy Code has established federal bankruptcy exemptions to protect the debtor, many states, Montana included, have instituted their own state bankruptcy exemptions to be used instead of the federal list.

Filing for bankruptcy in Montana does not have to be overwhelming, provided you have been adequately prepared. Bankruptcy Lawyer has compiled the following resources to help you in the process: