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.
House Bill 4901 would amend the Revised Judicature Act to modify the maximum value of the maximum exemptions for various categories of property that are exempt from the estate property (i.e., property that cannot be sold to pay creditors) during bankruptcy proceedings and make related changes.
Co-sponsored by Reps.
Referred to the Committee on Insurance and Financial Services
Discharged from committee
Substitute H-1 offered
by
The substitute passed by voice vote
Passed in the House 56 to 0 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Referred to the Committee on Government Operations
Discharged from committee
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 21 to 17 (details)